First Trust California Municipal High Income ETF (NASDAQ:FCAL) to Issue Monthly Dividend of $0.11

First Trust California Municipal High Income ETF (NASDAQ:FCAL - Get Rating) announced a monthly dividend on Monday, November 21st, Zacks reports. Investors of record on Wednesday, November 23rd will be paid a dividend of 0.107 per share by the financial services provider on Wednesday, November 30th. This represents a $1.28 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Tuesday, November 22nd. This is an increase from First Trust California Municipal High Income ETF's previous monthly dividend of $0.10.

First Trust California Municipal High Income ETF Stock Up 0.2 %

FCAL opened at $47.90 on Wednesday. First Trust California Municipal High Income ETF has a 1 year low of $46.15 and a 1 year high of $57.00. The firm's fifty day moving average price is $47.20 and its two-hundred day moving average price is $48.30.

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

A number of institutional investors have recently added to or reduced their stakes in the company. UBS Group AG bought a new position in shares of First Trust California Municipal High Income ETF during the 2nd quarter worth approximately $40,000. Citadel Advisors LLC purchased a new stake in shares of First Trust California Municipal High Income ETF during the third quarter valued at approximately $1,180,000. Royal Bank of Canada lifted its holdings in First Trust California Municipal High Income ETF by 8.1% during the third quarter. Royal Bank of Canada now owns 46,733 shares of the financial services provider's stock worth $2,188,000 after acquiring an additional 3,514 shares during the period. Finally, Jane Street Group LLC boosted its position in 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 worth $4,053,000 after purchasing an additional 57,230 shares during the last quarter.

About First Trust California Municipal High Income ETF

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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.

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