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

First Trust California Municipal High Income ETF (NASDAQ:FCAL)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 Stock Down 0.1%

The company has a 50 day simple moving average of $49.67 and a 200-day simple moving average of $49.24. The stock has a market cap of $205.72 million, a price-to-earnings ratio of 130.45 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. Stockholders of record on Friday, February 20th were issued a $0.141 dividend. 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. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is presently 423.68%.

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

Several large investors have recently added to or reduced their stakes in the company. Diversified Portfolios Inc. bought a new stake in First Trust California Municipal High Income ETF during the second quarter valued at $210,000. Koshinski Asset Management Inc. acquired a new stake in shares of First Trust California Municipal High Income ETF during the third quarter worth $545,000. WESPAC Advisors SoCal LLC bought a new position in shares of First Trust California Municipal High Income ETF in the 3rd quarter worth about $746,000. Cetera Investment Advisers lifted its position in shares of First Trust California Municipal High Income ETF by 17.7% in the 2nd quarter. Cetera Investment Advisers now owns 65,904 shares of the financial services provider’s stock worth $3,161,000 after buying an additional 9,904 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its holdings in shares of First Trust California Municipal High Income ETF by 24.8% in the 2nd quarter. Guggenheim Capital LLC now owns 105,477 shares of the financial services provider’s stock valued at $5,060,000 after buying an additional 20,964 shares during the period. 54.39% of the stock is currently owned by 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.