First Trust California Municipal High Income ETF (NASDAQ:FCAL) Declares Dividend Increase – $0.11 Per Share

First Trust California Municipal High Income ETF (NASDAQ:FCAL – Get Rating) announced a monthly dividend on Monday, January 23rd, Zacks reports. Investors of record on Wednesday, January 25th will be given a dividend of 0.112 per share by the financial services provider on Tuesday, January 31st. This represents a $1.34 annualized dividend and a yield of 2.71%. The ex-dividend date is Tuesday, January 24th. This is a boost from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.11.

First Trust California Municipal High Income ETF Stock Performance

First Trust California Municipal High Income ETF stock opened at $49.58 on Wednesday. First Trust California Municipal High Income ETF has a 12-month low of $46.15 and a 12-month high of $53.76. The company has a 50-day moving average price of $48.69 and a 200 day moving average price of $48.35.

Institutional Investors Weigh In On First Trust California Municipal High Income ETF

A number of institutional investors have recently made changes to their positions in FCAL. UBS Group AG acquired a new stake in shares of First Trust California Municipal High Income ETF during the second quarter valued at about $40,000. Citadel Advisors LLC acquired a new stake in shares of First Trust California Municipal High Income ETF during the third quarter valued at about $1,180,000. Royal Bank of Canada boosted its stake in shares of First Trust California Municipal High Income ETF by 8.1% in the third quarter. Royal Bank of Canada now owns 46,733 shares of the financial services provider’s stock valued at $2,188,000 after purchasing an additional 3,514 shares during the period. Finally, Jane Street Group LLC boosted its stake in shares of First Trust California Municipal High Income ETF by 256.3% in the first quarter. Jane Street Group LLC now owns 79,556 shares of the financial services provider’s stock valued at $4,053,000 after purchasing an additional 57,230 shares during the period.

First Trust California Municipal High Income ETF Company Profile

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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.