Catalina Capital Group LLC Cuts Position in First Trust California Municipal High Income ETF $FCAL

Catalina Capital Group LLC decreased its stake in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 14.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,944 shares of the financial services provider’s stock after selling 3,418 shares during the quarter. Catalina Capital Group LLC owned about 0.34% of First Trust California Municipal High Income ETF worth $957,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. purchased a new position in shares of First Trust California Municipal High Income ETF in the 1st quarter worth approximately $200,000. Cetera Investment Advisers boosted its holdings in shares of First Trust California Municipal High Income ETF by 6.9% in the 1st quarter. Cetera Investment Advisers now owns 56,000 shares of the financial services provider’s stock worth $2,718,000 after purchasing an additional 3,612 shares during the period. HighTower Advisors LLC boosted its holdings in shares of First Trust California Municipal High Income ETF by 6.9% in the 1st quarter. HighTower Advisors LLC now owns 22,206 shares of the financial services provider’s stock worth $1,078,000 after purchasing an additional 1,433 shares during the period. Wealth Enhancement Advisory Services LLC lifted 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 during the last quarter. Finally, Advisor Resource Council bought a new stake in shares of First Trust California Municipal High Income ETF during the 1st quarter worth approximately $448,000. Hedge funds and other institutional investors own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Stock Performance

Shares of FCAL stock opened at $48.75 on Friday. First Trust California Municipal High Income ETF has a 52-week low of $46.44 and a 52-week high of $50.54. The firm has a market capitalization of $187.67 million, a P/E ratio of 128.28 and a beta of 0.15. The stock has a 50 day moving average price of $48.14 and a 200 day moving average price of $48.08.

First Trust California Municipal High Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a dividend of $0.135 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. This is an increase from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.13. First Trust California Municipal High Income ETF’s dividend payout ratio is 410.53%.

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.