Integrated Wealth Concepts LLC Acquires Shares of 43,549 First Trust California Municipal High Income ETF $FCAL

Integrated Wealth Concepts LLC bought a new stake in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) in the 2nd quarter, Holdings Channel reports. The fund bought 43,549 shares of the financial services provider’s stock, valued at approximately $2,162,000.

A number of other hedge funds and other institutional investors have also modified their holdings of FCAL. Triumph Capital Management purchased a new stake in shares of First Trust California Municipal High Income ETF during the second quarter worth about $25,000. Fifth Third Bancorp purchased a new position in First Trust California Municipal High Income ETF in the first quarter valued at about $47,000. Allworth Financial LP grew its stake in First Trust California Municipal High Income ETF by 118.8% during the 4th quarter. Allworth Financial LP now owns 3,020 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 1,640 shares in the last quarter. Citadel Advisors LLC acquired a new stake in First Trust California Municipal High Income ETF during the 2nd quarter valued at approximately $223,000. Finally, FF Advisors LLC acquired a new stake in First Trust California Municipal High Income ETF during the 4th quarter valued at approximately $331,000. 54.39% of the stock is owned by hedge funds and other institutional investors.

First Trust California Municipal High Income ETF Stock Up 0.1%

FCAL stock opened at $47.51 on Tuesday. The stock’s 50 day moving average is $48.67 and its two-hundred day moving average is $49.14. First Trust California Municipal High Income ETF has a 52-week low of $47.31 and a 52-week high of $50.13. The company has a market capitalization of $213.79 million, a PE ratio of 125.03 and a beta of 0.25.

First Trust California Municipal High Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were given a dividend of $0.144 per share. The ex-dividend date of this dividend was Friday, August 21st. This is an increase from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. First Trust California Municipal High Income ETF’s dividend payout ratio is 439.47%.

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.