First Trust California Municipal High Income ETF (NASDAQ:FCAL) Stock Crosses Above 200-Day Moving Average – Should You Sell?

First Trust California Municipal High Income ETF (NASDAQ:FCAL)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $49.30 and traded as high as $49.60. First Trust California Municipal High Income ETF shares last traded at $49.50, with a volume of 58,372 shares changing hands.

First Trust California Municipal High Income ETF Stock Performance

The stock has a market cap of $205.43 million, a P/E ratio of 130.26 and a beta of 0.25. The firm has a 50-day moving average price of $49.68 and a 200-day moving average price of $49.30.

First Trust California Municipal High Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were paid a $0.141 dividend. The ex-dividend date of this dividend was Friday, February 20th. This is a positive change from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a yield of 3.4%. First Trust California Municipal High Income ETF’s payout ratio is currently 423.68%.

Institutional Trading of First Trust California Municipal High Income ETF

A number of hedge funds have recently modified their holdings of FCAL. Comerica Bank bought a new position in shares of First Trust California Municipal High Income ETF in the 3rd quarter worth about $48,000. Arax Advisory Partners bought a new stake in First Trust California Municipal High Income ETF during the fourth quarter worth about $59,000. Kestra Advisory Services LLC purchased a new stake in First Trust California Municipal High Income ETF in the fourth quarter worth about $70,000. Rossby Financial LCC purchased a new stake in First Trust California Municipal High Income ETF in the fourth quarter worth about $146,000. Finally, Allworth Financial LP increased its stake in shares of First Trust California Municipal High Income ETF by 118.8% during the fourth quarter. Allworth Financial LP now owns 3,020 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 1,640 shares in the last quarter. Institutional investors own 54.39% of the company’s stock.

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.