First Trust California Municipal High Income ETF (NASDAQ:FCAL) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

First Trust California Municipal High Income ETF (NASDAQ:FCAL) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $49.22 and traded as high as $49.68. First Trust California Municipal High Income ETF shares last traded at $49.63, with a volume of 9,534 shares trading hands.

First Trust California Municipal High Income ETF Trading Down 0.1%

The company’s 50-day moving average price is $49.66 and its two-hundred day moving average price is $49.22. The company has a market cap of $205.96 million, a P/E ratio of 130.61 and a beta of 0.25.

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. This represents a c) dividend on an annualized basis and a 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 was Friday, February 20th. First Trust California Municipal High Income ETF’s payout ratio is 423.68%.

Institutional Trading of First Trust California Municipal High Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Comerica Bank bought a new position in First Trust California Municipal High Income ETF during the 3rd quarter worth approximately $48,000. Arax Advisory Partners acquired a new stake in shares of First Trust California Municipal High Income ETF during the 4th quarter valued at approximately $59,000. Kestra Advisory Services LLC acquired a new stake in shares of First Trust California Municipal High Income ETF during the 4th quarter valued at approximately $70,000. Rossby Financial LCC bought a new position in First Trust California Municipal High Income ETF during the fourth quarter worth $146,000. Finally, Allworth Financial LP lifted its stake in 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 worth $149,000 after purchasing an additional 1,640 shares during the last quarter. Institutional investors and hedge funds 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.