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First Trust California Municipal High income ETF
FCAL

31 hedge funds and large institutions have $53.8M invested in First Trust California Municipal High income ETF in 2021 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 5 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

220% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 5

0% more funds holding

Funds holding: 31 → 31 (0)

0% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 4

3.36% less ownership

Funds ownership: 62.09% → 58.72% (-3.4%)

11% less capital invested

Capital invested by funds: $60.5M → $53.8M (-$6.62M)

Holders
31
Holders Change
–
Holders Change %
0%
% of All Funds
0.54%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
16
Reduced
5
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$2.13M
2
IWC
Integrated Wealth Concepts
Massachusetts
+$1.07M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$865K
4
SEP
Southland Equity Partners
Missouri
+$430K
5
Jane Street
Jane Street
New York
+$415K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$8.77M
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$2.64M
3
Morgan Stanley
Morgan Stanley
New York
-$1.06M
4
LFAS
Level Four Advisory Services
Texas
-$1.03M
5
AWA
Aaron Wealth Advisors
Illinois
-$266K
Name Holding Trade Value Shares
Change 		Change in
Stake
HAS
26
HBW Advisory Services
California
$221K – – –
CF
27
Centaurus Financial
California
$114K +$434 +8 +0.4%
AIP
28
Ameritas Investment Partners
Nebraska
$54K -$1.03K -19 -2%
PA
29
Parallel Advisors
California
$54K – – –
JPLA
30
Joseph P. Lucia & Associates
New York
$38K – – –
LFAS
31
Level Four Advisory Services
Texas
– -$1.03M -19,093 Closed
AWA
32
Aaron Wealth Advisors
Illinois
– -$266K -4,935 Closed
AWG
33
Altus Wealth Group
Colorado
– -$219K -4,042 Closed
CFD
34
Creative Financial Designs
Indiana
– -$54K -1,000 Closed
1
2

FCAL Hedge Fund Activity: Q1 2021 in Review

31 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in First Trust California Municipal High income ETF (FCAL) for Q1 2021, worth a combined $53.8M — down 11% from $60.5M a quarter earlier.

Fund positioning in FCAL was balanced in Q1 2021: 4 funds opened new positions, 4 closed out, 16 added to existing stakes and 5 trimmed.

The largest buyer was LPL Financial, adding an estimated $2.13M. The largest seller was Bank of America, cutting an estimated $8.77M.

  • 31 institutional investors held First Trust California Municipal High income ETF (FCAL) as of Q1 2021, unchanged from Q4 2020.
  • Funds reported $53.8M of First Trust California Municipal High income ETF stock for Q1 2021, down 11% quarter-over-quarter.
  • 4 funds opened new First Trust California Municipal High income ETF positions in Q1 2021 and 4 closed out, a net change of 0 holders.
  • The largest First Trust California Municipal High income ETF buyer in Q1 2021 was LPL Financial, an estimated $2.13M added.
  • The largest First Trust California Municipal High income ETF seller in Q1 2021 was Bank of America, an estimated $8.77M sold.

Based on aggregated 13F filings for Q1 2021.