First Trust California Municipal High income ETF
FCAL
29 hedge funds and large institutions have $55.7M invested in First Trust California Municipal High income ETF in 2021 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 18 increasing their positions, 3 reducing their positions, and 5 closing their positions.
500% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 3
3% more capital invested
Capital invested by funds: $53.8M → $55.7M (+$1.81M)
4.09% less ownership
Funds ownership: 58.72% → 54.63% (-4.1%)
6% less funds holding
Funds holding: 31 → 29 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$3.01M |
| 2 |
RWA
Redhawk Wealth Advisors
Minneapolis,
Minnesota
|
+$2.81M |
| 3 |
MF
Manchester Financial
Westlake Village,
California
|
+$1.23M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$754K |
| 5 |
MA
Mutual Advisors
Omaha,
Nebraska
|
+$340K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$3.3M |
| 2 |
Jane Street
New York
|
-$2.56M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$1.13M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$860K |
| 5 |
HCIA
Hochman Cole Investment Advisors
Deerfield,
Illinois
|
-$260K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PA
26
Parallel Advisors
San Francisco,
California
| $55K | – | – | – |
|
|
JPLA
27
Joseph P. Lucia & Associates
Yorktown Heights,
New York
| $39K | – | – | – |
|
|
LC
28
Lindbrook Capital
Calabasas,
California
| $22K | +$21.9K | +400 | New |
|
|
29
Bank of America
Charlotte,
North Carolina
| – | -$3.3M | -61,248 | Closed |
|
|
30
Jane Street
New York
| – | -$2.56M | -47,516 | Closed |
|
|
31
Citadel Advisors
Miami,
Florida
| – | -$1.13M | -20,858 | Closed |
|
|
32
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$860K | -15,950 | Closed |
|
|
HCIA
33
Hochman Cole Investment Advisors
Deerfield,
Illinois
| – | -$260K | -4,813 | Closed |
|
34
Wells Fargo
San Francisco,
California
| – | +$55 | +1 | +100% |
|
FCAL Hedge Fund Activity: Q2 2021 in Review
29 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in First Trust California Municipal High income ETF (FCAL) for Q2 2021, worth a combined $55.7M — up 3.4% from $53.8M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FCAL and 3 opened new positions — a net loss of 2 holders — while 3 trimmed existing stakes and 18 added.
The largest buyer was LPL Financial, adding an estimated $3.01M. The largest seller was Bank of America, exiting entirely with an estimated $3.3M sold.
- 29 institutional investors held First Trust California Municipal High income ETF (FCAL) as of Q2 2021, down from 31 in Q1 2021.
- Funds reported $55.7M of First Trust California Municipal High income ETF stock for Q2 2021, up 3.4% quarter-over-quarter.
- 3 funds opened new First Trust California Municipal High income ETF positions in Q2 2021 and 5 closed out, a net change of -2 holders.
- The largest First Trust California Municipal High income ETF buyer in Q2 2021 was LPL Financial, an estimated $3.01M added.
- The largest First Trust California Municipal High income ETF seller in Q2 2021 was Bank of America, an estimated $3.3M sold.
Based on aggregated 13F filings for Q2 2021.