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First Trust California Municipal High income ETF
FCAL

36 hedge funds and large institutions have $65M invested in First Trust California Municipal High income ETF in 2023 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 18 increasing their positions, 11 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

64% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 11

22% more capital invested

Capital invested by funds: $53.4M → $65M (+$11.6M)

1.56% more ownership

Funds ownership: 54.65% → 56.21% (+1.6%)

0% more funds holding

Funds holding: 36 → 36 (0)

0% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 3

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
36
Holders Change
–
Holders Change %
0%
% of All Funds
0.57%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
3
Increased
18
Reduced
11
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$7.26M
2
Morgan Stanley
Morgan Stanley
New York
+$4.01M
3
MMA
Miracle Mile Advisors
California
+$3.73M
4
LPL Financial
LPL Financial
California
+$1.01M
5
FTUS
Flow Traders U.S.
New York
+$711K

Top Sellers

Rank Fund Capital Flow
1
TW
Towerpoint Wealth
California
-$4.81M
2
Jane Street
Jane Street
New York
-$4.03M
3
AF
Allworth Financial
California
-$1.08M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$530K
5
Stifel Financial
Stifel Financial
Missouri
-$449K
Name Holding Trade Value Shares
Change 		Change in
Stake
TWM
26
TriaGen Wealth Management
California
$577K -$2.16K -44 -0.4%
AAS
27
Avantax Advisory Services
Texas
$532K +$531K +10,805 New
WSWA
28
Warren Street Wealth Advisors
California
$527K -$76.8K -1,565 -13%
PIA
29
Perennial Investment Advisors
California
$503K +$71.8K +1,463 +17%
UBS Group
30
UBS Group
Switzerland
$361K +$136K +2,780 +61%
TW
31
Towerpoint Wealth
California
$261K -$4.81M -97,885 -95%
HI
32
Harbour Investments
Wisconsin
$160K +$64.8K +1,320 +68%
AIP
33
Ameritas Investment Partners
Nebraska
$77.1K -$167K -3,408 -69%
CCM
34
Chilton Capital Management
Texas
$69.6K +$69.4K +1,414 New
GRP
35
Global Retirement Partners
California
$43.3K +$344 +7 +0.8%
PTC
36
Private Trust Company
Ohio
$10.9K – – –
Wells Fargo
37
Wells Fargo
California
$13 -$49 -1 Closed
Susquehanna International Group
38
Susquehanna International Group
Pennsylvania
– -$530K -10,949 Closed
TRCT
39
Tower Research Capital (TRC)
New York
– -$73K -1,500 Closed
1
2

FCAL Hedge Fund Activity: Q1 2023 in Review

36 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in First Trust California Municipal High income ETF (FCAL) for Q1 2023, worth a combined $65M — up 22% from $53.4M a quarter earlier.

Fund positioning in FCAL was balanced in Q1 2023: 3 funds opened new positions, 3 closed out, 18 added to existing stakes and 11 trimmed.

The largest buyer was Rockefeller Capital Management, adding an estimated $7.26M. The largest seller was Towerpoint Wealth, cutting an estimated $4.81M.

  • 36 institutional investors held First Trust California Municipal High income ETF (FCAL) as of Q1 2023, unchanged from Q4 2022.
  • Funds reported $65M of First Trust California Municipal High income ETF stock for Q1 2023, up 22% quarter-over-quarter.
  • 3 funds opened new First Trust California Municipal High income ETF positions in Q1 2023 and 3 closed out, a net change of 0 holders.
  • The largest First Trust California Municipal High income ETF buyer in Q1 2023 was Rockefeller Capital Management, an estimated $7.26M added.
  • The largest First Trust California Municipal High income ETF seller in Q1 2023 was Towerpoint Wealth, an estimated $4.81M sold.

Based on aggregated 13F filings for Q1 2023.