Miracle Mile Advisors LLC Raises Stock Holdings in First Trust California Municipal High Income ETF (NASDAQ:FCAL)

Miracle Mile Advisors LLC grew its stake in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 30.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,330,261 shares of the financial services provider’s stock after buying an additional 312,542 shares during the period. First Trust California Municipal High Income ETF accounts for 1.7% of Miracle Mile Advisors LLC’s portfolio, making the stock its 15th biggest holding. Miracle Mile Advisors LLC owned 30.23% of First Trust California Municipal High Income ETF worth $66,047,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. International Assets Investment Management LLC purchased a new stake in First Trust California Municipal High Income ETF during the 4th quarter valued at approximately $1,744,000. Citizens Business Bank increased its holdings in First Trust California Municipal High Income ETF by 27.5% in the 4th quarter. Citizens Business Bank now owns 114,249 shares of the financial services provider’s stock valued at $5,702,000 after acquiring an additional 24,676 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of First Trust California Municipal High Income ETF during the 4th quarter valued at about $671,000. Southland Equity Partners LLC grew its position in shares of First Trust California Municipal High Income ETF by 24.6% during the first quarter. Southland Equity Partners LLC now owns 56,171 shares of the financial services provider’s stock valued at $2,789,000 after purchasing an additional 11,079 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in shares of First Trust California Municipal High Income ETF in the fourth quarter worth about $308,000. 54.39% of the stock is currently owned by institutional investors.

First Trust California Municipal High Income ETF Trading Down 0.2 %

Shares of NASDAQ:FCAL traded down $0.09 during mid-day trading on Monday, reaching $49.43. The stock had a trading volume of 23,446 shares, compared to its average volume of 26,188. The company has a market cap of $217.49 million, a P/E ratio of 129.58 and a beta of 0.15. The business’s 50 day moving average price is $49.35 and its 200 day moving average price is $49.57. First Trust California Municipal High Income ETF has a 1 year low of $46.30 and a 1 year high of $51.97.

First Trust California Municipal High Income ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were given a dividend of $0.1225 per share. The ex-dividend date was Thursday, June 27th. This represents a $1.47 annualized dividend and a yield of 2.97%. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is currently 371.05%.

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.