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 Tuesday, January 20th. Investors of record on Wednesday, January 21st will be paid a dividend of 0.14 per share by the financial services provider on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Wednesday, January 21st. This is a 2.9% increase from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.14.

First Trust California Municipal High Income ETF Price Performance

Shares of NASDAQ FCAL traded down $0.38 during mid-day trading on Wednesday, hitting $49.28. 4,806 shares of the stock traded hands, compared to its average volume of 19,117. The firm has a 50 day simple moving average of $49.35 and a two-hundred day simple moving average of $48.74. First Trust California Municipal High Income ETF has a twelve month low of $46.44 and a twelve month high of $50.11. The company has a market cap of $199.56 million, a PE ratio of 129.67 and a beta of 0.25.

Institutional Trading of First Trust California Municipal High Income ETF

Several hedge funds have recently bought and sold shares of the business. Jane Street Group LLC raised its position in First Trust California Municipal High Income ETF by 171.0% in the 2nd quarter. Jane Street Group LLC now owns 88,954 shares of the financial services provider’s stock valued at $4,267,000 after buying an additional 56,132 shares during the last quarter. Guggenheim Capital LLC raised its holdings in shares of First Trust California Municipal High Income ETF by 24.8% in the second quarter. Guggenheim Capital LLC now owns 105,477 shares of the financial services provider’s stock valued at $5,060,000 after purchasing an additional 20,964 shares during the last quarter. MGO One Seven LLC lifted its position in shares of First Trust California Municipal High Income ETF by 144.2% during the second quarter. MGO One Seven LLC now owns 34,875 shares of the financial services provider’s stock valued at $1,673,000 after purchasing an additional 20,595 shares in the last quarter. WESPAC Advisors SoCal LLC purchased a new position in First Trust California Municipal High Income ETF during the third quarter worth about $746,000. Finally, Envestnet Portfolio Solutions Inc. grew its position in First Trust California Municipal High Income ETF by 351.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 18,662 shares of the financial services provider’s stock worth $895,000 after purchasing an additional 14,532 shares in the last quarter. Institutional investors and hedge funds own 54.39% of the company’s stock.

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.