First Trust California Municipal High Income ETF (NASDAQ:FCAL) Shares Pass Above Two Hundred Day Moving Average of $49.54

First Trust California Municipal High Income ETF (NASDAQ:FCAL)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $49.54 and traded as high as $49.92. First Trust California Municipal High Income ETF shares last traded at $49.73, with a volume of 27,063 shares changing hands.

First Trust California Municipal High Income ETF Stock Up 0.3 %

The company has a market capitalization of $246.86 million, a PE ratio of 131.24 and a beta of 0.15. The stock’s fifty day moving average price is $49.64 and its two-hundred day moving average price is $49.54.

First Trust California Municipal High Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, July 31st. Investors of record on Tuesday, July 23rd were paid a $0.123 dividend. This represents a $1.48 annualized dividend and a yield of 2.96%. This is a boost from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.12. The ex-dividend date of this dividend was Tuesday, July 23rd. First Trust California Municipal High Income ETF’s dividend payout ratio is presently 373.68%.

Hedge Funds Weigh In On First Trust California Municipal High Income ETF

Large investors have recently modified their holdings of the stock. Signature Estate & Investment Advisors LLC bought a new stake in shares of First Trust California Municipal High Income ETF during the 4th quarter valued at about $200,000. Towerpoint Wealth LLC lifted its holdings in shares of First Trust California Municipal High Income ETF by 37.3% in the 1st quarter. Towerpoint Wealth LLC now owns 8,661 shares of the financial services provider’s stock worth $430,000 after acquiring an additional 2,353 shares during the last quarter. International Assets Investment Management LLC bought a new position in First Trust California Municipal High Income ETF during the 4th quarter valued at about $1,744,000. Citizens Business Bank grew its stake in shares of First Trust California Municipal High Income ETF by 27.5% during the fourth quarter. Citizens Business Bank now owns 114,249 shares of the financial services provider’s stock valued at $5,702,000 after buying an additional 24,676 shares during the last quarter. Finally, Private Advisor Group LLC bought a new position in First Trust California Municipal High Income ETF in the 4th quarter valued at $205,000. Hedge funds and other institutional investors own 54.39% of the company’s stock.

About First Trust California Municipal High Income ETF

First California Financial Group, Inc is a bank holding company for its wholly owned subsidiary First California Bank (the Bank). The Bank is a full-service commercial bank. The Bank’s operations are primarily located within the areas commonly known as the 101 corridor stretching from the City of Ventura to Calabasas, California, the Moorpark-Simi Valley corridor, the western San Fernando Valley, the Tri-Cities area of Glendale-Burbank-Pasadena, the South Bay, the Inland Empire, north San Diego County, Century City and other parts of Los Angeles, Orange San Luis Obispo and Ventura Counties in Southern California.