First Trust California Municipal High income ETF
FCAL
36 hedge funds and large institutions have $53.4M invested in First Trust California Municipal High income ETF in 2022 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 12 reducing their positions, and 7 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 12
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less funds holding
Funds holding: 37 → 36 (-1)
5.53% less ownership
Funds ownership: 60.18% → 54.65% (-5.5%)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
24% less capital invested
Capital invested by funds: $70M → $53.4M (-$16.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$4.37M |
| 2 |
WIM
Westside Investment Management
Santa Monica,
California
|
+$2.88M |
| 3 |
LPL Financial
San Diego,
California
|
+$1.39M |
| 4 |
MFG
Magnus Financial Group
New York
|
+$1.34M |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
+$797K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
-$20.6M |
| 2 |
AF
Allworth Financial
Folsom,
California
|
-$2.2M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$1.18M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$799K |
| 5 |
SI
SimpliFi Inc
San Diego,
California
|
-$588K |
FCAL Hedge Fund Activity: Q4 2022 in Review
36 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in First Trust California Municipal High income ETF (FCAL) for Q4 2022, worth a combined $53.4M — down 24% from $70M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of FCAL and 6 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 14 added.
The largest buyer was Jane Street, adding an estimated $4.37M. The largest seller was Miracle Mile Advisors, cutting an estimated $20.6M.
- 36 institutional investors held First Trust California Municipal High income ETF (FCAL) as of Q4 2022, down from 37 in Q3 2022.
- Funds reported $53.4M of First Trust California Municipal High income ETF stock for Q4 2022, down 24% quarter-over-quarter.
- 6 funds opened new First Trust California Municipal High income ETF positions in Q4 2022 and 7 closed out, a net change of -1 holder.
- The largest First Trust California Municipal High income ETF buyer in Q4 2022 was Jane Street, an estimated $4.37M added.
- The largest First Trust California Municipal High income ETF seller in Q4 2022 was Miracle Mile Advisors, an estimated $20.6M sold.
Based on aggregated 13F filings for Q4 2022.