New Insight Wealth Advisors Trims Holdings in First Trust California Municipal High Income ETF $FCAL

New Insight Wealth Advisors reduced its holdings in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 49.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,162 shares of the financial services provider’s stock after selling 15,040 shares during the quarter. New Insight Wealth Advisors owned 0.26% of First Trust California Municipal High Income ETF worth $727,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Rossby Financial LCC bought a new position in First Trust California Municipal High Income ETF during the first quarter worth $145,000. Envestnet Portfolio Solutions Inc. bought a new position in First Trust California Municipal High Income ETF during the first quarter worth $200,000. CLG LLC bought a new position in First Trust California Municipal High Income ETF during the first quarter worth $211,000. SeaCrest Wealth Management LLC bought a new position in First Trust California Municipal High Income ETF during the first quarter worth $221,000. Finally, Integrity Financial Corp WA acquired a new stake in First Trust California Municipal High Income ETF in the first quarter worth $230,000. 54.39% of the stock is currently owned by hedge funds and other institutional investors.

First Trust California Municipal High Income ETF Price Performance

Shares of NASDAQ FCAL opened at $48.56 on Friday. 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’s fifty day moving average price is $48.01 and its two-hundred day moving average price is $48.10. The firm has a market capitalization of $201.52 million, a PE ratio of 127.79 and a beta of 0.15.

First Trust California Municipal High Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th will be issued a dividend of $0.135 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. This is a positive change from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.13. The ex-dividend date of this dividend is Thursday, September 25th. First Trust California Municipal High Income ETF’s dividend payout ratio is 407.89%.

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.