Blue Zone Wealth Advisors LLC Has $1.14 Million Position in First Trust California Municipal High Income ETF $FCAL

Blue Zone Wealth Advisors LLC raised its holdings in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 60.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 23,786 shares of the financial services provider’s stock after acquiring an additional 8,999 shares during the quarter. Blue Zone Wealth Advisors LLC’s holdings in First Trust California Municipal High Income ETF were worth $1,141,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC grew its position in shares of First Trust California Municipal High Income ETF by 4.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,877 shares of the financial services provider’s stock valued at $340,000 after acquiring an additional 271 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of First Trust California Municipal High Income ETF during the 1st quarter worth about $200,000. CLG LLC acquired a new stake in shares of First Trust California Municipal High Income ETF during the 1st quarter worth about $211,000. Advisor Resource Council acquired a new stake in shares of First Trust California Municipal High Income ETF during the 1st quarter worth about $448,000. Finally, Climber Capital SA acquired a new stake in shares of First Trust California Municipal High Income ETF during the 1st quarter worth about $710,000. 54.39% of the stock is currently owned by institutional investors and hedge funds.

First Trust California Municipal High Income ETF Stock Performance

NASDAQ FCAL opened at $49.03 on Friday. First Trust California Municipal High Income ETF has a 52-week low of $46.44 and a 52-week high of $50.54. The firm has a 50-day moving average of $48.30 and a 200-day moving average of $48.08. The stock has a market cap of $188.77 million, a PE ratio of 129.03 and a beta of 0.15.

First Trust California Municipal High Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were paid a $0.135 dividend. This is a positive change from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.13. The ex-dividend date was Thursday, September 25th. This represents a c) annualized dividend and a yield of 3.3%. First Trust California Municipal High Income ETF’s dividend payout ratio is presently 410.53%.

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.