First Trust California Municipal High Income ETF $FCAL Shares Bought by Citizens Business Bank

Citizens Business Bank lifted its holdings in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 2.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,718 shares of the financial services provider’s stock after purchasing an additional 2,643 shares during the period. First Trust California Municipal High Income ETF comprises 1.2% of Citizens Business Bank’s holdings, making the stock its 24th biggest holding. Citizens Business Bank owned about 3.07% of First Trust California Municipal High Income ETF worth $6,031,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Private Trust Co. NA grew its stake in shares of First Trust California Municipal High Income ETF by 319.6% in the 2nd quarter. Private Trust Co. NA now owns 1,389 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 1,058 shares during the last quarter. Rossby Financial LCC acquired a new position in shares of First Trust California Municipal High Income ETF in the 1st quarter worth approximately $145,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of First Trust California Municipal High Income ETF in the 1st quarter worth approximately $200,000. Integrity Financial Corp WA acquired a new position in shares of First Trust California Municipal High Income ETF in the 1st quarter worth approximately $230,000. Finally, Atria Wealth Solutions Inc. acquired a new position in shares of First Trust California Municipal High Income ETF in the 1st quarter worth approximately $302,000. Institutional investors and hedge funds own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Price Performance

Shares of FCAL opened at $49.29 on Friday. The firm’s 50 day moving average is $48.44 and its 200-day moving average is $48.09. The stock has a market capitalization of $192.23 million, a P/E ratio of 129.71 and a beta of 0.15. First Trust California Municipal High Income ETF has a 12-month low of $46.44 and a 12-month high of $50.54.

First Trust California Municipal High Income ETF Increases Dividend

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

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.