RFG Advisory LLC Purchases New Holdings in First Trust California Municipal High Income ETF $FCAL

RFG Advisory LLC bought a new stake in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 50,574 shares of the financial services provider’s stock, valued at approximately $2,511,000. RFG Advisory LLC owned about 1.12% of First Trust California Municipal High Income ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. NewEdge Advisors LLC lifted its position in First Trust California Municipal High Income ETF by 31,414.1% in the 2nd quarter. NewEdge Advisors LLC now owns 2,275,951 shares of the financial services provider’s stock valued at $113,006,000 after acquiring an additional 2,268,729 shares in the last quarter. IFP Advisors Inc purchased a new position in First Trust California Municipal High Income ETF in the second quarter worth about $2,072,000. Baird Financial Group Inc. purchased a new position in shares of First Trust California Municipal High Income ETF in the second quarter worth approximately $23,377,000. Citadel Advisors LLC bought a new stake in shares of First Trust California Municipal High Income ETF during the 2nd quarter valued at $223,000. Finally, Ameritas Advisory Services LLC bought a new stake in First Trust California Municipal High Income ETF during the second quarter valued at about $810,000. Institutional investors own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Trading Down 0.7%

First Trust California Municipal High Income ETF stock opened at $47.34 on Friday. The firm has a market capitalization of $213.03 million, a price-to-earnings ratio of 124.58 and a beta of 0.25. First Trust California Municipal High Income ETF has a 12-month low of $47.31 and a 12-month high of $50.13. The firm has a 50 day moving average of $48.76 and a 200 day moving average of $49.18.

First Trust California Municipal High Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were paid a $0.144 dividend. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Friday, August 21st. This is a boost from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.14. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is currently 439.47%.

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.