First Trust California Municipal High Income ETF (NASDAQ:FCAL) Shares Pass Above 200-Day Moving Average – Time to Sell?

Shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $48.92 and traded as high as $49.80. First Trust California Municipal High Income ETF shares last traded at $49.71, with a volume of 10,148 shares trading hands.

First Trust California Municipal High Income ETF Price Performance

The firm’s 50 day moving average is $49.39 and its 200 day moving average is $48.92. The company has a market capitalization of $206.30 million, a PE ratio of 130.82 and a beta of 0.25.

First Trust California Municipal High Income ETF Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FCAL. Royal Bank of Canada boosted its holdings in shares of First Trust California Municipal High Income ETF by 2.4% during the 1st quarter. Royal Bank of Canada now owns 130,218 shares of the financial services provider’s stock valued at $6,321,000 after buying an additional 3,039 shares in the last quarter. Citizens Business Bank increased its stake in shares of First Trust California Municipal High Income ETF by 2.1% in the 2nd quarter. Citizens Business Bank now owns 125,718 shares of the financial services provider’s stock worth $6,031,000 after acquiring an additional 2,643 shares in the last quarter. Guggenheim Capital LLC lifted its position in First Trust California Municipal High Income ETF by 24.8% during the 2nd quarter. Guggenheim Capital LLC now owns 105,477 shares of the financial services provider’s stock valued at $5,060,000 after acquiring an additional 20,964 shares during the period. Jane Street Group LLC boosted its stake in First Trust California Municipal High Income ETF by 171.0% during the second quarter. Jane Street Group LLC now owns 88,954 shares of the financial services provider’s stock worth $4,267,000 after acquiring an additional 56,132 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in First Trust California Municipal High Income ETF by 17.7% in the second quarter. Cetera Investment Advisers now owns 65,904 shares of the financial services provider’s stock worth $3,161,000 after purchasing an additional 9,904 shares during the period. Hedge funds and other 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.