First Trust California Municipal High Income ETF (NASDAQ:FCAL) Stock Passes Above 200-Day Moving Average – Here’s What Happened

First Trust California Municipal High Income ETF (NASDAQ:FCAL) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $48.30 and traded as high as $49.50. First Trust California Municipal High Income ETF shares last traded at $49.4850, with a volume of 12,922 shares traded.

First Trust California Municipal High Income ETF Stock Up 0.1%

The company has a market capitalization of $190.52 million, a PE ratio of 130.22 and a beta of 0.25. The firm’s 50 day simple moving average is $49.11 and its 200 day simple moving average is $48.30.

First Trust California Municipal High Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, October 21st were issued a dividend of $0.135 per share. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date was Tuesday, October 21st. First Trust California Municipal High Income ETF’s dividend payout ratio is presently 447.37%.

Institutional Trading of First Trust California Municipal High Income ETF

Institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its holdings in First Trust California Municipal High Income ETF by 6.9% during the 1st quarter. Cetera Investment Advisers now owns 56,000 shares of the financial services provider’s stock valued at $2,718,000 after acquiring an additional 3,612 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in shares of First Trust California Municipal High Income ETF by 351.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 18,662 shares of the financial services provider’s stock worth $895,000 after purchasing an additional 14,532 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of First Trust California Municipal High Income ETF by 6.9% in the first quarter. HighTower Advisors LLC now owns 22,206 shares of the financial services provider’s stock worth $1,078,000 after purchasing an additional 1,433 shares during the last quarter. Integrity Financial Corp WA purchased a new position in shares of First Trust California Municipal High Income ETF during the first quarter worth approximately $230,000. Finally, D.A. Davidson & CO. bought a new stake in shares of First Trust California Municipal High Income ETF during the second quarter valued at approximately $205,000. Institutional investors own 54.39% of the company’s stock.

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.