Wealth Enhancement Advisory Services LLC Sells 216 Shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL)

Wealth Enhancement Advisory Services LLC decreased its holdings in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 3.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,661 shares of the financial services provider’s stock after selling 216 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.12% of First Trust California Municipal High Income ETF worth $323,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Ameriflex Group Inc. bought a new stake in First Trust California Municipal High Income ETF in the fourth quarter valued at approximately $76,000. SeaCrest Wealth Management LLC bought a new stake in First Trust California Municipal High Income ETF in the first quarter valued at approximately $221,000. Steward Partners Investment Advisory LLC boosted its holdings in 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 valued at $265,000 after acquiring an additional 268 shares during the last quarter. Guild Investment Management Inc. bought a new stake in First Trust California Municipal High Income ETF in the fourth quarter valued at approximately $296,000. Finally, Farther Finance Advisors LLC bought a new position in shares of First Trust California Municipal High Income ETF during the 4th quarter worth approximately $296,000. Institutional investors and hedge funds own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Stock Performance

First Trust California Municipal High Income ETF stock opened at $47.98 on Tuesday. The stock has a market capitalization of $285.48 million, a price-to-earnings ratio of 126.26 and a beta of 0.15. First Trust California Municipal High Income ETF has a 52-week low of $46.44 and a 52-week high of $50.54. The stock’s 50 day moving average price is $47.99 and its two-hundred day moving average price is $48.64.

First Trust California Municipal High Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were issued a dividend of $0.132 per share. This represents a $1.58 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend was Thursday, June 26th. First Trust California Municipal High Income ETF’s payout ratio is 402.63%.

First Trust California Municipal High Income ETF 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.