Catalina Capital Group LLC Sells 244 Shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL)

Catalina Capital Group LLC reduced its position in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 1.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 23,530 shares of the financial services provider’s stock after selling 244 shares during the period. Catalina Capital Group LLC’s holdings in First Trust California Municipal High Income ETF were worth $1,162,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in FCAL. JPMorgan Chase & Co. purchased a new position in shares of First Trust California Municipal High Income ETF in the 3rd quarter valued at $124,000. Johnson Bixby & Associates LLC bought a new stake in First Trust California Municipal High Income ETF during the third quarter valued at about $202,000. CreativeOne Wealth LLC purchased a new position in First Trust California Municipal High Income ETF in the third quarter valued at about $278,000. Wealth Enhancement Advisory Services LLC raised its holdings in First Trust California Municipal High Income ETF by 37.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,606 shares of the financial services provider’s stock worth $331,000 after purchasing an additional 1,783 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new stake in shares of First Trust California Municipal High Income ETF during the fourth quarter valued at about $357,000. 54.39% of the stock is owned by hedge funds and other institutional investors.

First Trust California Municipal High Income ETF Stock Performance

NASDAQ:FCAL opened at $49.29 on Monday. The stock has a market capitalization of $271.10 million, a P/E ratio of 129.71 and a beta of 0.15. The company’s 50-day simple moving average is $49.58 and its 200-day simple moving average is $49.82. First Trust California Municipal High Income ETF has a fifty-two week low of $48.26 and a fifty-two week high of $50.54.

First Trust California Municipal High Income ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were issued a $0.129 dividend. The ex-dividend date was Wednesday, January 22nd. First Trust California Municipal High Income ETF’s dividend payout ratio is currently 389.47%.

First Trust California Municipal High Income ETF 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.