NewEdge Advisors LLC Reduces Holdings in First Trust California Municipal High Income ETF $FCAL

NewEdge Advisors LLC trimmed its holdings in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 97.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,222 shares of the financial services provider’s stock after selling 306,851 shares during the quarter. NewEdge Advisors LLC owned approximately 0.17% of First Trust California Municipal High Income ETF worth $353,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FCAL. WCG Wealth Advisors LLC purchased a new position in shares of First Trust California Municipal High Income ETF during the 4th quarter worth $531,000. Channel Wealth LLC grew its position in shares of First Trust California Municipal High Income ETF by 56.0% during the 4th quarter. Channel Wealth LLC now owns 34,509 shares of the financial services provider’s stock valued at $1,702,000 after acquiring an additional 12,393 shares during the period. Navigation Group LLC purchased a new stake in shares of First Trust California Municipal High Income ETF in the 1st quarter worth $1,444,000. Rockefeller Capital Management L.P. increased its stake in shares of First Trust California Municipal High Income ETF by 234.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 66,971 shares of the financial services provider’s stock worth $3,302,000 after purchasing an additional 46,971 shares in the last quarter. Finally, Citizens Business Bank bought a new position in First Trust California Municipal High Income ETF in the 1st quarter worth $5,809,000. 54.39% of the stock is owned by hedge funds and other institutional investors.

First Trust California Municipal High Income ETF Stock Performance

NASDAQ FCAL opened at $48.77 on Wednesday. The business’s fifty day moving average is $49.35 and its 200 day moving average is $49.41. First Trust California Municipal High Income ETF has a fifty-two week low of $47.55 and a fifty-two week high of $50.13. The company has a market capitalization of $219.47 million, a PE ratio of 128.34 and a beta of 0.25.

First Trust California Municipal High Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st were paid a $0.143 dividend. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a c) annualized dividend and a dividend yield of 3.5%. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is 436.84%.

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.