First Trust California Municipal High Income ETF (FCAL) Research
The First Trust California Municipal High Income ETF (FCAL) primarily aims to generate an income stream that is exempt from both regular federal and California state income taxes. A secondary objective of the fund is to seek long-term growth in capital. Typically, the ETF pursues these goals by allocating a minimum of 80% of its total assets (including any borrowed funds) to municipal debt securities. The interest payments from these securities are specifically free from federal and California income taxation, and they are collectively known as "Municipal Securities."
Market snapshot
- Symbol
- FCAL
- Price
- $49.63
- Day change
- +0.14%
- Market cap
- $219.9M
- 52-week range
- 47.35-50.13
- Sector
- Financial Services
- Industry
- Asset Management - Bonds
Peer companies
- ActivePassive Intermediate Municipal Bond ETF (APMU)
- Barron's 400SM ETF (BFOR)
- Invesco BulletShares 2030 High Yield Corporate Bond ETF (BSJU)
- AdvisorShares Focused Equity ETF (CWS)
- First Trust Managed Futures Strategy Fund (FMF)
- Counterpoint High Yield Trend ETF (HYTR)
- iShares ESG Advanced High Yield Corporate Bond ETF (HYXF)
- First Trust India NIFTY 50 Equal Weight ETF (NFTY)
Recent insider activity
- Kum Chong Guk — D-Return (100000 shares) on 2013-05-31
- Kum Chong Guk — D-Return (419294 shares) on 2013-05-31
- Kum Chong Guk — D-Return (17904 shares) on 2013-05-31
- Kum Chong Guk — D-Return (22500 shares) on 2013-05-31
- Kum Chong Guk — D-Return (7398 shares) on 2013-05-31
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