First Trust California Municipal High Income ETF (NASDAQ:FCAL) to Issue $0.14 Monthly Dividend

First Trust California Municipal High Income ETF (NASDAQ:FCAL) declared a monthly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Stockholders of record on Thursday, June 25th will be given a dividend of 0.143 per share by the financial services provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Thursday, June 25th.

First Trust California Municipal High Income ETF Stock Performance

Shares of NASDAQ FCAL traded down $0.07 during mid-day trading on Thursday, hitting $49.58. 20,387 shares of the stock traded hands, compared to its average volume of 20,952. First Trust California Municipal High Income ETF has a 52 week low of $47.35 and a 52 week high of $50.13. The company has a market cap of $210.72 million, a price-to-earnings ratio of 130.47 and a beta of 0.26. The stock has a fifty day moving average price of $49.38 and a 200-day moving average price of $49.42.

Hedge Funds Weigh In On First Trust California Municipal High Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp purchased a new stake in shares of First Trust California Municipal High Income ETF in the 1st quarter worth about $47,000. Comerica Bank purchased a new position in First Trust California Municipal High Income ETF during the 3rd quarter valued at about $48,000. Arax Advisory Partners purchased a new position in First Trust California Municipal High Income ETF during the 4th quarter valued at about $59,000. Kestra Advisory Services LLC purchased a new position in First Trust California Municipal High Income ETF during the 4th quarter valued at about $70,000. Finally, Rossby Financial LCC bought a new stake in First Trust California Municipal High Income ETF during the fourth quarter worth about $146,000. Hedge funds and other 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.