First Trust California Municipal High Income ETF Price & Performance (FCAL)

California's Alternative Minimum Tax (AMT) continues to impact high-income earners, particularly those with incentive stock options or significant deductions. Unlike the federal AMT, California's version applies a flat 7% rate and focuses solely on individuals. With limited credits available, strategic tax planning is essential to mitigate potential liabilities.1

Steward Partners Investment Advisory LLC has increased its holdings in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 5.3%, now owning 5,368 shares valued at $265,000. Institutional interest in FCAL remains strong, with over 54% of the stock held by hedge funds and large investors, signaling confidence in its performance.2

Harmony Gold Mining Company Limited (NYSE:HMY) has attracted increased interest from institutional investors, with Truist Financial Corp boosting its stake by 29.5% in the fourth quarter. The stock's market cap of $6.90 billion and recent price target adjustments reflect its growing appeal in the mining sector.3