Guild Investment Management Inc. Makes New $296,000 Investment in First Trust California Municipal High Income ETF (NASDAQ:FCAL)

Guild Investment Management Inc. bought a new position in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) during the fourth quarter, HoldingsChannel.com reports. The firm bought 6,000 shares of the financial services provider’s stock, valued at approximately $296,000.

Other institutional investors also recently bought and sold shares of the company. Jane Street Group LLC boosted its position in First Trust California Municipal High Income ETF by 24.1% during the third quarter. Jane Street Group LLC now owns 28,074 shares of the financial services provider’s stock worth $1,409,000 after purchasing an additional 5,447 shares in the last quarter. Private Advisor Group LLC increased its stake in First Trust California Municipal High Income ETF by 22.2% in the fourth quarter. Private Advisor Group LLC now owns 5,106 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 929 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in First Trust California Municipal High Income ETF in the third quarter valued at $124,000. HighTower Advisors LLC increased its stake in First Trust California Municipal High Income ETF by 9.0% in the third quarter. HighTower Advisors LLC now owns 15,688 shares of the financial services provider’s stock valued at $788,000 after purchasing an additional 1,298 shares during the last quarter. Finally, Townsquare Capital LLC acquired a new position in First Trust California Municipal High Income ETF in the third quarter valued at $406,000. 54.39% of the stock is currently owned by hedge funds and other institutional investors.

First Trust California Municipal High Income ETF Trading Down 0.1 %

First Trust California Municipal High Income ETF stock opened at $49.30 on Wednesday. The firm has a market capitalization of $271.12 million, a P/E ratio of 129.72 and a beta of 0.15. The stock has a fifty day moving average price of $49.37 and a 200 day moving average price of $49.74. First Trust California Municipal High Income ETF has a 52 week low of $48.26 and a 52 week high of $50.54.

First Trust California Municipal High Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a $0.129 dividend. This is a positive change from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.13. This represents a $1.55 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Friday, February 21st. First Trust California Municipal High Income ETF’s dividend payout ratio is presently 392.11%.

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.