First Trust California Municipal High Income ETF (NASDAQ:FCAL) Shares Sold by Southland Equity Partners LLC

Southland Equity Partners LLC decreased its holdings in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 6.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,580 shares of the financial services provider’s stock after selling 2,765 shares during the period. Southland Equity Partners LLC’s holdings in First Trust California Municipal High Income ETF were worth $1,970,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Avantax Advisory Services Inc. increased its position in First Trust California Municipal High Income ETF by 3.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 6,477 shares of the financial services provider’s stock worth $320,000 after purchasing an additional 230 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of First Trust California Municipal High Income ETF by 5.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,368 shares of the financial services provider’s stock worth $265,000 after acquiring an additional 268 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of First Trust California Municipal High Income ETF by 4.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,877 shares of the financial services provider’s stock worth $340,000 after acquiring an additional 271 shares in the last quarter. Magnus Financial Group LLC boosted its stake in shares of First Trust California Municipal High Income ETF by 1.9% during the 1st quarter. Magnus Financial Group LLC now owns 31,892 shares of the financial services provider’s stock worth $1,548,000 after acquiring an additional 606 shares in the last quarter. Finally, Private Advisor Group LLC boosted its stake in shares of First Trust California Municipal High Income ETF by 22.2% during the 4th quarter. Private Advisor Group LLC now owns 5,106 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 929 shares in the last quarter. Institutional investors and hedge funds own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Price Performance

Shares of NASDAQ:FCAL opened at $47.96 on Friday. The business’s 50 day simple moving average is $47.94 and its 200-day simple moving average is $48.89. The firm has a market capitalization of $268.58 million, a price-to-earnings ratio of 126.21 and a beta of 0.15. First Trust California Municipal High Income ETF has a 12 month low of $46.44 and a 12 month high of $50.54.

First Trust California Municipal High Income ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 30th. Investors of record on Wednesday, May 21st were paid a $0.132 dividend. This represents a $1.58 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend was Wednesday, May 21st. First Trust California Municipal High Income ETF’s payout ratio is currently 400.00%.

First Trust California Municipal High Income ETF Company Profile

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.