First Trust California Municipal High Income ETF (NASDAQ:FCAL) Announces Monthly Dividend of $0.14

First Trust California Municipal High Income ETF (NASDAQ:FCAL) announced a monthly dividend on Monday, July 20th, NASDAQ Dividends reports. Shareholders of record on Tuesday, July 21st will be paid a dividend of 0.143 per share by the financial services provider on Friday, July 31st. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Tuesday, July 21st.

First Trust California Municipal High Income ETF Stock Down 0.2%

NASDAQ:FCAL traded down $0.09 during midday trading on Tuesday, hitting $49.15. The stock had a trading volume of 16,321 shares, compared to its average volume of 20,132. First Trust California Municipal High Income ETF has a one year low of $47.35 and a one year high of $50.13. The company has a market capitalization of $221.18 million, a price-to-earnings ratio of 129.34 and a beta of 0.25. The stock has a 50-day moving average of $49.42 and a 200 day moving average of $49.47.

Institutional Trading of First Trust California Municipal High Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its holdings in First Trust California Municipal High Income ETF by 2.4% during the first quarter. Royal Bank of Canada now owns 130,218 shares of the financial services provider’s stock worth $6,321,000 after purchasing an additional 3,039 shares in the last quarter. NewEdge Advisors LLC purchased a new position in shares of First Trust California Municipal High Income ETF in the 2nd quarter valued at $467,000. Raymond James Financial Inc. purchased a new position in shares of First Trust California Municipal High Income ETF in the second quarter valued at $570,000. Jane Street Group LLC grew its position in shares of First Trust California Municipal High Income ETF by 171.0% during the second quarter. Jane Street Group LLC now owns 88,954 shares of the financial services provider’s stock worth $4,267,000 after buying an additional 56,132 shares in the last quarter. Finally, CLG LLC lifted its stake in First Trust California Municipal High Income ETF by 62.8% during the second quarter. CLG LLC now owns 7,080 shares of the financial services provider’s stock worth $340,000 after purchasing an additional 2,732 shares during the last quarter. 54.39% of the stock is currently owned by institutional investors and hedge funds.

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.