Entruity Wealth LLC Reduces Holdings in First Trust California Municipal High Income ETF (NASDAQ:FCAL)

Entruity Wealth LLC trimmed its stake in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 2.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,987 shares of the financial services provider’s stock after selling 600 shares during the period. First Trust California Municipal High Income ETF makes up 1.0% of Entruity Wealth LLC’s investment portfolio, making the stock its 28th largest holding. Entruity Wealth LLC owned about 0.37% of First Trust California Municipal High Income ETF worth $1,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. acquired a new stake in First Trust California Municipal High Income ETF during the 1st quarter worth $200,000. Townsquare Capital LLC boosted its stake in First Trust California Municipal High Income ETF by 12.0% during the 4th quarter. Townsquare Capital LLC now owns 9,067 shares of the financial services provider’s stock worth $448,000 after purchasing an additional 973 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in First Trust California Municipal High Income ETF by 4.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,877 shares of the financial services provider’s stock worth $340,000 after purchasing an additional 271 shares during the period. Centaurus Financial Inc. acquired a new stake in First Trust California Municipal High Income ETF during the 4th quarter worth $625,000. Finally, Jane Street Group LLC boosted its stake in First Trust California Municipal High Income ETF by 48.5% during the 4th quarter. Jane Street Group LLC now owns 41,685 shares of the financial services provider’s stock worth $2,058,000 after purchasing an additional 13,611 shares during the period. 54.39% of the stock is owned by hedge funds and other institutional investors.

First Trust California Municipal High Income ETF Price Performance

Shares of NASDAQ:FCAL opened at $47.52 on Wednesday. First Trust California Municipal High Income ETF has a 1-year low of $46.44 and a 1-year high of $50.54. The stock has a market cap of $194.81 million, a P/E ratio of 125.04 and a beta of 0.15. The firm has a fifty day moving average price of $47.83 and a 200 day moving average price of $48.46.

First Trust California Municipal High Income ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 22nd will be paid a $0.132 dividend. This represents a $1.58 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Tuesday, July 22nd. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) 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.