Wealth Enhancement Advisory Services LLC Boosts Holdings in First Trust California Municipal High Income ETF (NASDAQ:FCAL)

Wealth Enhancement Advisory Services LLC boosted its position in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 4.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,877 shares of the financial services provider’s stock after purchasing an additional 271 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.13% of First Trust California Municipal High Income ETF worth $340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. LPL Financial LLC lifted its stake in First Trust California Municipal High Income ETF by 1.1% in the 4th quarter. LPL Financial LLC now owns 760,481 shares of the financial services provider’s stock worth $37,545,000 after purchasing an additional 8,563 shares in the last quarter. Citizens Business Bank raised its position in shares of First Trust California Municipal High Income ETF by 35.8% during the 4th quarter. Citizens Business Bank now owns 128,886 shares of the financial services provider’s stock valued at $6,363,000 after buying an additional 33,958 shares in the last quarter. Guggenheim Capital LLC raised its position in shares of First Trust California Municipal High Income ETF by 248.7% during the 4th quarter. Guggenheim Capital LLC now owns 57,315 shares of the financial services provider’s stock valued at $2,830,000 after buying an additional 40,880 shares in the last quarter. Cetera Investment Advisers raised its position in shares of First Trust California Municipal High Income ETF by 13.0% during the 4th quarter. Cetera Investment Advisers now owns 52,388 shares of the financial services provider’s stock valued at $2,586,000 after buying an additional 6,019 shares in the last quarter. Finally, Mariner LLC raised its position in shares of First Trust California Municipal High Income ETF by 11.7% during the 4th quarter. Mariner LLC now owns 47,146 shares of the financial services provider’s stock valued at $2,328,000 after buying an additional 4,927 shares in the last quarter. 54.39% of the stock is currently owned by hedge funds and other institutional investors.

First Trust California Municipal High Income ETF Stock Performance

First Trust California Municipal High Income ETF stock opened at $47.96 on Friday. The firm’s fifty day moving average price is $47.94 and its 200-day moving average price is $48.88. The stock has a market cap of $268.58 million, a P/E ratio of 126.21 and a beta of 0.15. First Trust California Municipal High Income ETF has a fifty-two week low of $46.44 and a fifty-two week high of $50.54.

First Trust California Municipal High Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 30th. Investors of record on Wednesday, May 21st were issued a dividend of $0.132 per share. This represents a $1.58 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend was Wednesday, May 21st. First Trust California Municipal High Income ETF’s dividend payout ratio is currently 400.00%.

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.