Rockefeller Capital Management L.P. Acquires 46,971 Shares of First Trust California Municipal High Income ETF $FCAL

Rockefeller Capital Management L.P. boosted its holdings in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 234.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,971 shares of the financial services provider’s stock after buying an additional 46,971 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in First Trust California Municipal High Income ETF were worth $3,302,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FCAL. Comerica Bank bought a new position in First Trust California Municipal High Income ETF in the third quarter valued at about $48,000. Arax Advisory Partners bought a new stake in shares of First Trust California Municipal High Income ETF during the 4th quarter valued at approximately $59,000. Kestra Advisory Services LLC bought a new stake in shares of First Trust California Municipal High Income ETF during the 4th quarter valued at approximately $70,000. Rossby Financial LCC acquired a new position in First Trust California Municipal High Income ETF during the 4th quarter worth approximately $146,000. Finally, Allworth Financial LP lifted its stake in First Trust California Municipal High Income ETF by 118.8% in the 4th quarter. Allworth Financial LP now owns 3,020 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 1,640 shares during the last quarter. Institutional investors own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Price Performance

Shares of First Trust California Municipal High Income ETF stock opened at $49.60 on Monday. First Trust California Municipal High Income ETF has a fifty-two week low of $47.35 and a fifty-two week high of $50.13. The firm has a market capitalization of $210.80 million, a P/E ratio of 130.53 and a beta of 0.26. The company’s 50 day moving average price is $49.38 and its two-hundred day moving average price is $49.43.

First Trust California Municipal High Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be paid a $0.143 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Thursday, June 25th. First Trust California Municipal High Income ETF’s dividend payout ratio is presently 434.21%.

First Trust California Municipal High Income ETF 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.