Navigation Group LLC Purchases New Position in First Trust California Municipal High Income ETF $FCAL

Navigation Group LLC purchased a new stake in First Trust California Municipal High Income ETF (NASDAQ:FCAL) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 29,536 shares of the financial services provider’s stock, valued at approximately $1,444,000.

Several other hedge funds have also recently bought and sold shares of the stock. Fifth Third Bancorp bought a new position in shares of First Trust California Municipal High Income ETF during the first quarter valued at $47,000. Comerica Bank acquired a new stake in shares of First Trust California Municipal High Income ETF during the 3rd quarter worth about $48,000. Arax Advisory Partners bought a new position in First Trust California Municipal High Income ETF during the 4th quarter valued at about $59,000. Kestra Advisory Services LLC bought a new position in First Trust California Municipal High Income ETF during the 4th quarter valued at about $70,000. Finally, Rossby Financial LCC acquired a new position in First Trust California Municipal High Income ETF in the fourth quarter valued at about $146,000. 54.39% of the stock is currently owned by institutional investors and hedge funds.

First Trust California Municipal High Income ETF Stock Down 0.0%

NASDAQ:FCAL opened at $49.44 on Thursday. The firm has a market cap of $222.48 million, a PE ratio of 130.11 and a beta of 0.25. First Trust California Municipal High Income ETF has a 12 month low of $47.35 and a 12 month high of $50.13. The company’s 50-day moving average price is $49.43 and its two-hundred day moving average price is $49.47.

First Trust California Municipal High Income ETF Announces Dividend

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

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.