Entruity Wealth LLC Makes New Investment in First Trust California Municipal High Income ETF (NASDAQ:FCAL)

Entruity Wealth LLC acquired a new stake in First Trust California Municipal High Income ETF (NASDAQ:FCAL) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 21,587 shares of the financial services provider’s stock, valued at approximately $1,066,000. First Trust California Municipal High Income ETF makes up 1.1% of Entruity Wealth LLC’s portfolio, making the stock its 24th biggest holding.

A number of other institutional investors also recently modified their holdings of FCAL. Avantax Advisory Services Inc. raised its stake in First Trust California Municipal High Income ETF by 3.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 6,477 shares of the financial services provider’s stock worth $320,000 after buying an additional 230 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of First Trust California Municipal High Income ETF by 5.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,368 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 268 shares during the period. Private Advisor Group LLC lifted its holdings in shares of First Trust California Municipal High Income ETF by 22.2% in the 4th quarter. Private Advisor Group LLC now owns 5,106 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 929 shares in the last quarter. Mutual Advisors LLC grew its position in First Trust California Municipal High Income ETF by 4.7% in the 4th quarter. Mutual Advisors LLC now owns 21,613 shares of the financial services provider’s stock valued at $1,061,000 after purchasing an additional 970 shares during the period. Finally, Townsquare Capital LLC raised its holdings in First Trust California Municipal High Income ETF by 12.0% during the fourth quarter. Townsquare Capital LLC now owns 9,067 shares of the financial services provider’s stock worth $448,000 after buying an additional 973 shares during the last quarter. Institutional investors and hedge funds own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Price Performance

FCAL opened at $47.46 on Friday. First Trust California Municipal High Income ETF has a fifty-two week low of $46.44 and a fifty-two week high of $50.54. The firm has a market capitalization of $261.03 million, a PE ratio of 124.89 and a beta of 0.15. The company’s 50-day moving average is $49.03 and its 200 day moving average is $49.47.

First Trust California Municipal High Income ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.129 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.55 annualized dividend and a dividend yield of 3.26%. First Trust California Municipal High Income ETF’s payout ratio is 394.74%.

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.