Twin Peaks Wealth Advisors LLC Buys 6,401 Shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL)

Twin Peaks Wealth Advisors LLC lifted its stake in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 46.9% in the fourth quarter, HoldingsChannel reports. The fund owned 20,040 shares of the financial services provider’s stock after acquiring an additional 6,401 shares during the period. Twin Peaks Wealth Advisors LLC’s holdings in First Trust California Municipal High Income ETF were worth $989,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in FCAL. Wealth Enhancement Advisory Services LLC grew its stake in shares of First Trust California Municipal High Income ETF by 37.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,606 shares of the financial services provider’s stock valued at $331,000 after acquiring an additional 1,783 shares during the period. Running Point Capital Advisors LLC boosted its stake in First Trust California Municipal High Income ETF by 0.8% in the 3rd quarter. Running Point Capital Advisors LLC now owns 31,348 shares of the financial services provider’s stock worth $1,573,000 after purchasing an additional 255 shares during the period. Townsquare Capital LLC bought a new position in First Trust California Municipal High Income ETF in the 3rd quarter worth approximately $406,000. CreativeOne Wealth LLC bought a new position in First Trust California Municipal High Income ETF in the 3rd quarter worth approximately $278,000. Finally, Rockefeller Capital Management L.P. bought a new position in First Trust California Municipal High Income ETF in the 3rd quarter worth approximately $1,004,000. 54.39% of the stock is currently owned by institutional investors.

First Trust California Municipal High Income ETF Price Performance

FCAL stock opened at $49.36 on Tuesday. First Trust California Municipal High Income ETF has a 1-year low of $48.26 and a 1-year high of $50.54. The company has a market capitalization of $271.48 million, a price-to-earnings ratio of 129.89 and a beta of 0.15. The business has a 50 day simple moving average of $49.33 and a two-hundred day simple moving average of $49.77.

First Trust California Municipal High Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be paid a $0.129 dividend. This represents a $1.55 annualized dividend and a yield of 3.14%. This is an increase from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.13. The ex-dividend date is 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.