First Trust California Municipal High income ETF
FCAL
37 hedge funds and large institutions have $70M invested in First Trust California Municipal High income ETF in 2022 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 15 increasing their positions, 11 reducing their positions, and 6 closing their positions.
36% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 11
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
2.11% less ownership
Funds ownership: 62.29% → 60.18% (-2.1%)
5% less funds holding
Funds holding: 39 → 37 (-2)
5% less capital invested
Capital invested by funds: $73.8M → $70M (-$3.87M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CBB
Citizens Business Bank
Ontario,
California
|
+$4M |
| 2 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$2.21M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$1.23M |
| 4 |
WIM
Westside Investment Management
Santa Monica,
California
|
+$849K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$671K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AF
Allworth Financial
Folsom,
California
|
-$5.02M |
| 2 |
Jane Street
New York
|
-$2.06M |
| 3 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$1.9M |
| 4 |
RPCA
Running Point Capital Advisors
El Segundo,
California
|
-$484K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$433K |
FCAL Hedge Fund Activity: Q3 2022 in Review
37 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in First Trust California Municipal High income ETF (FCAL) for Q3 2022, worth a combined $70M — down 5.2% from $73.8M a quarter earlier.
Fund positioning in FCAL was balanced in Q3 2022: 6 funds opened new positions, 6 closed out, 15 added to existing stakes and 11 trimmed.
The largest buyer was Citizens Business Bank, opening a new position worth an estimated $4M. The largest seller was Allworth Financial, cutting an estimated $5.02M.
- 37 institutional investors held First Trust California Municipal High income ETF (FCAL) as of Q3 2022, down from 39 in Q2 2022.
- Funds reported $70M of First Trust California Municipal High income ETF stock for Q3 2022, down 5.2% quarter-over-quarter.
- 6 funds opened new First Trust California Municipal High income ETF positions in Q3 2022 and 6 closed out, a net change of 0 holders.
- The largest First Trust California Municipal High income ETF buyer in Q3 2022 was Citizens Business Bank, an estimated $4M added.
- The largest First Trust California Municipal High income ETF seller in Q3 2022 was Allworth Financial, an estimated $5.02M sold.
Based on aggregated 13F filings for Q3 2022.