Royal Bank of Canada Sells 55,911 Shares of First Trust California Municipal High Income ETF $FCAL

Royal Bank of Canada decreased its position in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 80.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,998 shares of the financial services provider’s stock after selling 55,911 shares during the quarter. Royal Bank of Canada’s holdings in First Trust California Municipal High Income ETF were worth $684,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FCAL. NewEdge Advisors LLC boosted its position in shares of First Trust California Municipal High Income ETF by 4,304.3% during the fourth quarter. NewEdge Advisors LLC now owns 314,073 shares of the financial services provider’s stock worth $15,486,000 after buying an additional 306,942 shares during the period. Citizens Business Bank bought a new position in shares of First Trust California Municipal High Income ETF during the first quarter worth about $5,809,000. 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. Rockefeller Capital Management L.P. raised its position in First Trust California Municipal High Income ETF by 234.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 66,971 shares of the financial services provider’s stock valued at $3,302,000 after buying an additional 46,971 shares during the last quarter. Finally, Navigation Group LLC bought a new stake in First Trust California Municipal High Income ETF in the 1st quarter valued at approximately $1,444,000. 54.39% of the stock is currently owned by institutional investors.

First Trust California Municipal High Income ETF Price Performance

NASDAQ:FCAL opened at $48.54 on Monday. First Trust California Municipal High Income ETF has a twelve month low of $47.60 and a twelve month high of $50.13. The business has a 50 day moving average price of $49.19 and a two-hundred day moving average price of $49.35. The company has a market cap of $218.43 million, a P/E ratio of 127.74 and a beta of 0.25.

First Trust California Municipal High Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 21st will be issued a dividend of $0.144 per share. The ex-dividend date is Friday, August 21st. This is a positive change from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a yield of 3.6%. First Trust California Municipal High Income ETF’s dividend payout ratio is currently 436.84%.

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.