First Trust California Municipal High Income ETF (NASDAQ:FCAL) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

First Trust California Municipal High Income ETF (NASDAQ:FCAL)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $49.37 and traded as high as $49.50. First Trust California Municipal High Income ETF shares last traded at $49.44, with a volume of 19,656 shares changing hands.

First Trust California Municipal High Income ETF Trading Up 0.1%

The firm has a 50-day simple moving average of $49.52 and a two-hundred day simple moving average of $49.37. The company has a market capitalization of $210.12 million, a price-to-earnings ratio of 130.11 and a beta of 0.27.

First Trust California Municipal High Income ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a dividend of $0.141 per share. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, March 26th. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is 426.32%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Entruity Wealth LLC boosted its position in First Trust California Municipal High Income ETF by 1.1% in the 3rd quarter. Entruity Wealth LLC now owns 20,735 shares of the financial services provider’s stock worth $1,011,000 after purchasing an additional 218 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of First Trust California Municipal High Income ETF by 1.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 19,146 shares of the financial services provider’s stock valued at $944,000 after purchasing an additional 225 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of First Trust California Municipal High Income ETF by 5.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,655 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 279 shares in the last quarter. Integrity Financial Corp WA lifted its stake in shares of First Trust California Municipal High Income ETF by 6.6% in the 3rd quarter. Integrity Financial Corp WA now owns 5,055 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 313 shares during the period. Finally, Kingswood Wealth Advisors LLC lifted its stake in shares of First Trust California Municipal High Income ETF by 6.7% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 5,539 shares of the financial services provider’s stock valued at $273,000 after purchasing an additional 350 shares during the period. 54.39% of the stock is currently owned by hedge funds and other institutional investors.

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.