First Trust California Municipal High Income ETF (NASDAQ:FCAL) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

First Trust California Municipal High Income ETF (NASDAQ:FCAL)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $48.79 and traded as high as $49.50. First Trust California Municipal High Income ETF shares last traded at $49.45, with a volume of 15,769 shares traded.

First Trust California Municipal High Income ETF Stock Performance

The company has a 50 day moving average of $49.35 and a two-hundred day moving average of $48.79. The stock has a market capitalization of $205.22 million, a PE ratio of 130.13 and a beta of 0.25.

First Trust California Municipal High Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st will be paid a dividend of $0.14 per share. The ex-dividend date is Wednesday, January 21st. This is a positive change from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. First Trust California Municipal High Income ETF’s payout ratio is presently 421.05%.

Institutional Trading of First Trust California Municipal High Income ETF

A number of institutional investors have recently bought and sold shares of FCAL. Entruity Wealth LLC raised its stake in shares of First Trust California Municipal High Income ETF by 1.1% during the 3rd quarter. Entruity Wealth LLC now owns 20,735 shares of the financial services provider’s stock valued at $1,011,000 after buying an additional 218 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of First Trust California Municipal High Income ETF by 5.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,655 shares of the financial services provider’s stock worth $277,000 after buying an additional 279 shares during the last quarter. Integrity Financial Corp WA grew its holdings in First Trust California Municipal High Income ETF by 6.6% during the third quarter. Integrity Financial Corp WA now owns 5,055 shares of the financial services provider’s stock worth $247,000 after acquiring an additional 313 shares during the period. Kingswood Wealth Advisors LLC raised its position in First Trust California Municipal High Income ETF by 6.7% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 5,539 shares of the financial services provider’s stock valued at $273,000 after acquiring an additional 350 shares in the last quarter. Finally, Clifford Swan Investment Counsel LLC raised its position in First Trust California Municipal High Income ETF by 3.8% during the second quarter. Clifford Swan Investment Counsel LLC now owns 11,345 shares of the financial services provider’s stock valued at $544,000 after acquiring an additional 420 shares in the last quarter. 54.39% of the stock is currently owned by institutional investors and hedge funds.

About First Trust California Municipal High Income ETF

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.