First Trust California Municipal High Income ETF (FCAL)
First Trust California Municipal High Income ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $48.97, up 0.10% on the session, giving a market capitalisation of $225.1M. Its beta of 0.85 implies it has historically moved less than the broad market.
The fund seeks to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes and California income taxes. It will invest no more than 50% of its net assets in Municipal Securities that are, at the time of investment, not investment grade, commonly referred to as "high yield" or "junk" bonds.
First Trust California Municipal High Income ETF is most often compared with the following Financial Services names: