WESPAC Advisors SoCal LLC Makes New $746,000 Investment in First Trust California Municipal High Income ETF $FCAL

WESPAC Advisors SoCal LLC bought a new position in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 15,287 shares of the financial services provider’s stock, valued at approximately $746,000.

Other large investors have also recently made changes to their positions in the company. Private Trust Co. NA raised its stake in shares of First Trust California Municipal High Income ETF by 319.6% during the second quarter. Private Trust Co. NA now owns 1,389 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 1,058 shares in the last quarter. D.A. Davidson & CO. bought a new position in shares of First Trust California Municipal High Income ETF during the 2nd quarter worth approximately $205,000. Diversified Portfolios Inc. acquired a new stake in shares of First Trust California Municipal High Income ETF during the second quarter worth about $210,000. Inspire Advisors LLC purchased a new stake in First Trust California Municipal High Income ETF in the second quarter valued at approximately $239,000. Finally, CLG LLC raised its position in First Trust California Municipal High Income ETF by 62.8% during the 2nd quarter. CLG LLC now owns 7,080 shares of the financial services provider’s stock worth $340,000 after buying an additional 2,732 shares during the last quarter. 54.39% of the stock is owned by hedge funds and other institutional investors.

First Trust California Municipal High Income ETF Stock Performance

Shares of FCAL opened at $49.33 on Monday. The business’s 50-day moving average is $49.30 and its two-hundred day moving average is $48.60. The company has a market capitalization of $202.25 million, a P/E ratio of 129.82 and a beta of 0.25. First Trust California Municipal High Income ETF has a fifty-two week low of $46.44 and a fifty-two week high of $50.11.

First Trust California Municipal High Income ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $0.136 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a c) dividend on an annualized basis and a yield of 3.3%. First Trust California Municipal High Income ETF’s payout ratio is presently 418.42%.

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.