First Trust California Municipal High Income ETF (NASDAQ:FCAL) Stock Crosses Above 200-Day Moving Average – Time to Sell?

First Trust California Municipal High Income ETF (NASDAQ:FCAL)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $49.40 and traded as high as $49.54. First Trust California Municipal High Income ETF shares last traded at $49.48, with a volume of 12,260 shares changing hands.

First Trust California Municipal High Income ETF Stock Performance

The company has a market cap of $210.29 million, a price-to-earnings ratio of 130.21 and a beta of 0.26. The business has a 50-day simple moving average of $49.25 and a 200-day simple moving average of $49.40.

First Trust California Municipal High Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were given a dividend of $0.143 per share. This represents a c) annualized dividend and a yield of 3.5%. This is a positive change from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Thursday, May 21st. First Trust California Municipal High Income ETF’s dividend payout ratio is presently 431.58%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Entruity Wealth LLC increased its position in First Trust California Municipal High Income ETF by 1.1% during the third quarter. Entruity Wealth LLC now owns 20,735 shares of the financial services provider’s stock worth $1,011,000 after buying an additional 218 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of First Trust California Municipal High Income ETF by 1.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 19,146 shares of the financial services provider’s stock valued at $944,000 after purchasing an additional 225 shares during the last quarter. Integral Investment Advisors Inc. boosted its stake in shares of First Trust California Municipal High Income ETF by 0.8% in the first quarter. Integral Investment Advisors Inc. now owns 32,755 shares of the financial services provider’s stock valued at $1,601,000 after buying an additional 250 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of First Trust California Municipal High Income ETF by 5.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,655 shares of the financial services provider’s stock valued at $277,000 after buying an additional 279 shares in the last quarter. Finally, Integrity Financial Corp WA boosted its stake in shares of First Trust California Municipal High Income ETF by 6.6% in the third quarter. Integrity Financial Corp WA now owns 5,055 shares of the financial services provider’s stock valued at $247,000 after buying an additional 313 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.