Citizens Business Bank Has $5.70 Million Stock Holdings in First Trust California Municipal High Income ETF (NASDAQ:FCAL)

Citizens Business Bank increased its holdings in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 27.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,249 shares of the financial services provider’s stock after buying an additional 24,676 shares during the quarter. First Trust California Municipal High Income ETF accounts for approximately 1.3% of Citizens Business Bank’s holdings, making the stock its 23rd biggest position. Citizens Business Bank owned approximately 2.66% of First Trust California Municipal High Income ETF worth $5,702,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FCAL. Signature Estate & Investment Advisors LLC purchased a new position in First Trust California Municipal High Income ETF during the fourth quarter valued at approximately $200,000. International Assets Investment Management LLC purchased a new position in shares of First Trust California Municipal High Income ETF during the 4th quarter valued at $1,744,000. TriaGen Wealth Management LLC increased its stake in shares of First Trust California Municipal High Income ETF by 3.7% in the fourth quarter. TriaGen Wealth Management LLC now owns 12,370 shares of the financial services provider’s stock worth $617,000 after acquiring an additional 437 shares during the last quarter. Miracle Mile Advisors LLC increased its stake in shares of First Trust California Municipal High Income ETF by 83.0% in the fourth quarter. Miracle Mile Advisors LLC now owns 1,017,719 shares of the financial services provider’s stock worth $50,794,000 after acquiring an additional 461,641 shares during the last quarter. Finally, Flagstar Advisors Inc. raised its holdings in shares of First Trust California Municipal High Income ETF by 13.8% during the fourth quarter. Flagstar Advisors Inc. now owns 19,304 shares of the financial services provider’s stock worth $963,000 after acquiring an additional 2,342 shares in the last quarter. 54.39% of the stock is owned by institutional investors and hedge funds.

First Trust California Municipal High Income ETF Trading Up 0.1 %

NASDAQ FCAL traded up $0.06 on Tuesday, reaching $49.10. The stock had a trading volume of 28,320 shares, compared to its average volume of 27,871. First Trust California Municipal High Income ETF has a 1 year low of $46.30 and a 1 year high of $51.97. The business has a 50 day moving average price of $49.54 and a 200 day moving average price of $49.10. The company has a market capitalization of $216.04 million, a price-to-earnings ratio of 129.11 and a beta of 0.15.

First Trust California Municipal High Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $1.44 annualized dividend and a dividend yield of 2.93%. First Trust California Municipal High Income ETF’s dividend payout ratio is 365.79%.

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.