Catalina Capital Group LLC Has $1.19 Million Stock Holdings in First Trust California Municipal High Income ETF (NASDAQ:FCAL)

Catalina Capital Group LLC lowered its stake in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 10.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,774 shares of the financial services provider’s stock after selling 2,676 shares during the period. Catalina Capital Group LLC owned approximately 0.46% of First Trust California Municipal High Income ETF worth $1,193,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. International Assets Investment Management LLC acquired a new stake in shares of First Trust California Municipal High Income ETF in the 2nd quarter valued at $35,000. Larson Financial Group LLC bought a new position in First Trust California Municipal High Income ETF in the second quarter valued at about $45,000. Johnson Bixby & Associates LLC acquired a new position in First Trust California Municipal High Income ETF during the third quarter worth about $202,000. Avantax Advisory Services Inc. bought a new position in shares of First Trust California Municipal High Income ETF in the first quarter worth about $245,000. Finally, Perennial Investment Advisors LLC lifted its holdings in shares of First Trust California Municipal High Income ETF by 4.0% in the second quarter. Perennial Investment Advisors LLC now owns 6,526 shares of the financial services provider’s stock worth $323,000 after acquiring an additional 250 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 Trading Down 0.3 %

Shares of First Trust California Municipal High Income ETF stock opened at $49.62 on Wednesday. The firm’s 50 day moving average is $50.03 and its 200 day moving average is $49.72. The firm has a market capitalization of $260.51 million, a PE ratio of 130.58 and a beta of 0.15. First Trust California Municipal High Income ETF has a 1 year low of $47.10 and a 1 year high of $51.97.

First Trust California Municipal High Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd were paid a $0.1275 dividend. This represents a $1.53 dividend on an annualized basis and a dividend yield of 3.08%. This is a boost from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.13. The ex-dividend date was Tuesday, October 22nd. First Trust California Municipal High Income ETF’s dividend payout ratio is presently 381.58%.

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.