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First Trust California Municipal High income ETF
FCAL

52 hedge funds and large institutions have $161M invested in First Trust California Municipal High income ETF in 2024 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 23 increasing their positions, 14 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

64% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 14

13% more capital invested

Capital invested by funds: $143M → $161M (+$18.4M)

2% less funds holding

Funds holding: 53 → 52 (-1)

8% less ownership

Funds ownership: 81.85% → 73.85% (-8%)

11% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 9

Holders
52
Holders Change
-1
Holders Change %
-1.89%
% of All Funds
0.75%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
23
Reduced
14
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MMA
Miracle Mile Advisors
California
+$15.5M
2
LPL Financial
LPL Financial
California
+$6.43M
3
Goldman Sachs
Goldman Sachs
New York
+$5.63M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$4.34M
5
Jane Street
Jane Street
New York
+$2.76M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$8.12M
2
Rockefeller Capital Management
Rockefeller Capital Management
New York
-$7.91M
3
CBB
Citizens Business Bank
California
-$1.21M
4
FTUS
Flow Traders U.S.
New York
-$1.08M
5
AF
Allworth Financial
California
-$491K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$865K +$384K +7,713 +79%
HighTower Advisors
27
HighTower Advisors
Illinois
$709K -$265K -5,335 -27%
GS
28
GTS Securities
New York
$617K +$258K +5,190 +72%
TWM
29
TriaGen Wealth Management
California
$610K -$3.88K -78 -0.6%
WSWA
30
Warren Street Wealth Advisors
California
$468K – – –
CW
31
Channel Wealth
California
$459K +$460K +9,246 New
TW
32
Towerpoint Wealth
California
$430K +$117K +2,353 +37%
TPWA
33
Twin Peaks Wealth Advisors
California
$401K -$267K -5,364 -40%
MOS
34
MGO One Seven
Ohio
$397K – – –
IFG
35
Independent Financial Group
California
$390K -$10.7K -216 -3%
PIA
36
Perennial Investment Advisors
California
$312K -$32.1K -646 -9%
HI
37
Harbour Investments
Wisconsin
$310K +$106K +2,121 +51%
EWA
38
EP Wealth Advisors
California
$306K – – –
AWS
39
Atria Wealth Solutions
New York
$276K +$277K +5,560 New
AAS
40
Avantax Advisory Services
Texas
$245K +$245K +4,930 New
Wealth Enhancement Advisory Services
41
Wealth Enhancement Advisory Services
Minnesota
$238K +$29.2K +588 +14%
AF
42
Allworth Financial
California
$233K -$491K -9,870 -68%
CWS
43
Cypress Wealth Services
California
$211K – – –
KAS
44
Kestra Advisory Services
Texas
$207K +$207K +4,166 New
PAG
45
Private Advisor Group
New Jersey
$205K +$1.49K +30 +0.7%
JBA
46
Johnson Bixby & Associates
Washington
$200K +$201K +4,033 New
AIP
47
Ameritas Investment Partners
Nebraska
$151K -$1.04K -21 -0.7%
CCM
48
Chilton Capital Management
Texas
$70.2K – – –
GRP
49
Global Retirement Partners
California
$42.9K -$1.59K -32 -4%
PTC
50
Private Trust Company
Ohio
$16.4K +$5.47K +110 +50%
1
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FCAL Hedge Fund Activity: Q1 2024 in Review

52 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in First Trust California Municipal High income ETF (FCAL) for Q1 2024, worth a combined $161M — up 13% from $143M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of FCAL and 8 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 23 added.

The largest buyer was Miracle Mile Advisors, adding an estimated $15.5M. The largest seller was Morgan Stanley, cutting an estimated $8.12M.

  • 52 institutional investors held First Trust California Municipal High income ETF (FCAL) as of Q1 2024, down from 53 in Q4 2023.
  • Funds reported $161M of First Trust California Municipal High income ETF stock for Q1 2024, up 13% quarter-over-quarter.
  • 8 funds opened new First Trust California Municipal High income ETF positions in Q1 2024 and 9 closed out, a net change of -1 holder.
  • The largest First Trust California Municipal High income ETF buyer in Q1 2024 was Miracle Mile Advisors, an estimated $15.5M added.
  • The largest First Trust California Municipal High income ETF seller in Q1 2024 was Morgan Stanley, an estimated $8.12M sold.

Based on aggregated 13F filings for Q1 2024.