Magnus Financial Group LLC Acquires 1,001 Shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL)

Magnus Financial Group LLC grew its position in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 3.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 31,286 shares of the financial services provider’s stock after acquiring an additional 1,001 shares during the quarter. Magnus Financial Group LLC’s holdings in First Trust California Municipal High Income ETF were worth $1,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Miracle Mile Advisors LLC increased its holdings in First Trust California Municipal High Income ETF by 6.4% in the 4th quarter. Miracle Mile Advisors LLC now owns 1,909,177 shares of the financial services provider’s stock worth $94,256,000 after acquiring an additional 114,040 shares in the last quarter. Atomi Financial Group Inc. purchased a new position in shares of First Trust California Municipal High Income ETF during the fourth quarter valued at about $1,741,000. Rockefeller Capital Management L.P. bought a new stake in First Trust California Municipal High Income ETF in the 3rd quarter worth approximately $1,004,000. Ignite Planners LLC raised its stake in First Trust California Municipal High Income ETF by 47.4% during the fourth quarter. Ignite Planners LLC now owns 46,136 shares of the financial services provider’s stock valued at $2,279,000 after purchasing an additional 14,833 shares in the last quarter. Finally, Blue Zone Wealth Advisors LLC bought a new position in First Trust California Municipal High Income ETF during the third quarter valued at $742,000. 54.39% of the stock is owned by hedge funds and other institutional investors.

First Trust California Municipal High Income ETF Stock Up 0.0 %

First Trust California Municipal High Income ETF stock opened at $49.32 on Wednesday. First Trust California Municipal High Income ETF has a twelve month low of $47.43 and a twelve month high of $50.54. The company’s 50-day moving average price is $49.66 and its 200-day moving average price is $49.84. The company has a market cap of $273.70 million, a PE ratio of 129.78 and a beta of 0.15.

First Trust California Municipal High Income ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.1275 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.53 dividend on an annualized basis and a yield of 3.10%. First Trust California Municipal High Income ETF’s dividend payout ratio is presently 386.84%.

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.