Koshinski Asset Management Inc. Invests $545,000 in First Trust California Municipal High Income ETF $FCAL

Koshinski Asset Management Inc. bought a new stake in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,165 shares of the financial services provider’s stock, valued at approximately $545,000. Koshinski Asset Management Inc. owned approximately 0.29% of First Trust California Municipal High Income ETF at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. D.A. Davidson & CO. acquired a new stake in First Trust California Municipal High Income ETF during the second quarter valued at $205,000. Diversified Portfolios Inc. acquired a new position in shares of First Trust California Municipal High Income ETF in the second quarter worth about $210,000. Inspire Advisors LLC purchased a new stake in shares of First Trust California Municipal High Income ETF during the 2nd quarter worth about $239,000. Integrity Financial Corp WA grew its position in shares of First Trust California Municipal High Income ETF by 6.6% during the 3rd quarter. Integrity Financial Corp WA now owns 5,055 shares of the financial services provider’s stock valued at $247,000 after acquiring an additional 313 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position 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 acquiring an additional 279 shares during the period. 54.39% of the stock is currently owned by institutional investors and hedge funds.

First Trust California Municipal High Income ETF Stock Up 0.1%

Shares of First Trust California Municipal High Income ETF stock opened at $49.92 on Tuesday. The firm has a market cap of $207.17 million, a PE ratio of 131.37 and a beta of 0.25. First Trust California Municipal High Income ETF has a twelve month low of $46.44 and a twelve month high of $50.11. The business has a 50-day moving average price of $49.54 and a 200 day moving average price of $49.08.

First Trust California Municipal High Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be given a $0.141 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. This is a boost from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.14. The ex-dividend date is Friday, February 20th. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is presently 421.05%.

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.