First Trust California Municipal High income ETF
FCAL
36 hedge funds and large institutions have $64.4M invested in First Trust California Municipal High income ETF in 2021 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 19 increasing their positions, 5 reducing their positions, and 2 closing their positions.
280% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 5
250% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 2
30% more capital invested
Capital invested by funds: $49.5M → $64.4M (+$14.9M)
13% more funds holding
Funds holding: 32 → 36 (+4)
10.25% more ownership
Funds ownership: 43.24% → 53.49% (+10%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AF
Allworth Financial
Folsom,
California
|
+$11.9M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$809K |
| 3 |
KCM
Karp Capital Management
Sausalito,
California
|
+$700K |
| 4 |
WI
Wintrust Investments
Chicago,
Illinois
|
+$622K |
| 5 |
CA
Cetera Advisors
Denver,
Colorado
|
+$491K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$2.79M |
| 2 |
CF
Centaurus Financial
Anaheim,
California
|
-$123K |
| 3 |
SEP
Southland Equity Partners
Wildwood,
Missouri
|
-$101K |
| 4 |
MIAN
Mariner Independent Advisor Network
Overland Park,
Kansas
|
-$85.7K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$50.1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CA
26
Cetera Advisors
Denver,
Colorado
| $493K | +$491K | +9,000 | New |
|
27
Commonwealth Equity Services
Waltham,
Massachusetts
| $485K | +$2.24K | +41 | +0.5% |
|
|
SW
28
SteelPeak Wealth
Woodland Hills,
California
| $397K | +$41K | +750 | +12% |
|
|
MPW
29
Monterey Private Wealth
Monterey,
California
| $302K | – | – | – |
|
|
HAS
30
HBW Advisory Services
Simi Valley,
California
| $224K | – | – | – |
|
|
KWS
31
Keystone Wealth Services
Palm Desert,
California
| $209K | +$209K | +3,825 | New |
|
|
PA
32
Parallel Advisors
San Francisco,
California
| $55K | – | – | – |
|
|
AIP
33
Ameritas Investment Partners
Lincoln,
Nebraska
| $53K | – | – | – |
|
34
UBS Group
Zurich,
Switzerland
| $40K | +$27.9K | +511 | +234% |
|
35
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| $16K | +$16.4K | +300 | New |
|
|
CF
36
Centaurus Financial
Anaheim,
California
| – | -$123K | -2,264 | Closed |
|
|
JPLA
37
Joseph P. Lucia & Associates
Yorktown Heights,
New York
| – | -$38K | -700 | Closed |
|
38
Wells Fargo
San Francisco,
California
| – | +$55 | +1 | +100% |
|
FCAL Hedge Fund Activity: Q4 2021 in Review
36 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in First Trust California Municipal High income ETF (FCAL) for Q4 2021, worth a combined $64.4M — up 30% from $49.5M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FCAL positions and 2 closed out — a net gain of 5 holders — while 19 added to existing stakes and 5 trimmed.
The largest buyer was Allworth Financial, opening a new position worth an estimated $11.9M. The largest seller was Jane Street, cutting an estimated $2.79M.
- 36 institutional investors held First Trust California Municipal High income ETF (FCAL) as of Q4 2021, up from 32 in Q3 2021.
- Funds reported $64.4M of First Trust California Municipal High income ETF stock for Q4 2021, up 30% quarter-over-quarter.
- 7 funds opened new First Trust California Municipal High income ETF positions in Q4 2021 and 2 closed out, a net change of +5 holders.
- The largest First Trust California Municipal High income ETF buyer in Q4 2021 was Allworth Financial, an estimated $11.9M added.
- The largest First Trust California Municipal High income ETF seller in Q4 2021 was Jane Street, an estimated $2.79M sold.
Based on aggregated 13F filings for Q4 2021.