Envestnet Portfolio Solutions Inc. Takes $200,000 Position in First Trust California Municipal High Income ETF (NASDAQ:FCAL)

Envestnet Portfolio Solutions Inc. bought a new position in First Trust California Municipal High Income ETF (NASDAQ:FCAL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,130 shares of the financial services provider’s stock, valued at approximately $200,000. Envestnet Portfolio Solutions Inc. owned approximately 0.08% of First Trust California Municipal High Income ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FCAL. Ameriflex Group Inc. bought a new stake in First Trust California Municipal High Income ETF in the 4th quarter valued at $76,000. SeaCrest Wealth Management LLC bought a new stake in shares of First Trust California Municipal High Income ETF in the first quarter worth about $221,000. Private Advisor Group LLC increased its holdings in shares of First Trust California Municipal High Income ETF by 22.2% in the fourth quarter. Private Advisor Group LLC now owns 5,106 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 929 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of First Trust California Municipal High Income ETF by 5.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,368 shares of the financial services provider’s stock worth $265,000 after buying an additional 268 shares in the last quarter. Finally, Farther Finance Advisors LLC bought a new position in First Trust California Municipal High Income ETF during the fourth quarter valued at approximately $296,000. Institutional investors own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Price Performance

NASDAQ FCAL opened at $47.97 on Tuesday. First Trust California Municipal High Income ETF has a 1-year low of $46.44 and a 1-year high of $50.54. The business has a 50 day simple moving average of $47.99 and a two-hundred day simple moving average of $48.69. The stock has a market capitalization of $285.42 million, a PE ratio of 126.24 and a beta of 0.24.

First Trust California Municipal High Income ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were issued a dividend of $0.132 per share. The ex-dividend date was Thursday, June 26th. This represents a $1.58 annualized dividend and a yield of 3.30%. First Trust California Municipal High Income ETF’s payout ratio is presently 405.26%.

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.