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First Trust California Municipal High income ETF
FCAL

54 hedge funds and large institutions have $182M invested in First Trust California Municipal High income ETF in 2024 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 33 increasing their positions, 8 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

313% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 8

67% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 3

13% more capital invested

Capital invested by funds: $161M → $182M (+$20.3M)

4% more funds holding

Funds holding: 52 → 54 (+2)

0.98% more ownership

Funds ownership: 73.85% → 74.83% (+0.98%)

Holders
54
Holders Change
+2
Holders Change %
+3.85%
% of All Funds
0.78%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
5
Increased
33
Reduced
8
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MMA
Miracle Mile Advisors
California
+$19.1M
2
LPL Financial
LPL Financial
California
+$4.09M
3
OMC
Old Mission Capital
Illinois
+$1.64M
4
IP
Ignite Planners
California
+$1.53M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.16M

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$5.62M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$3.79M
3
Jane Street
Jane Street
New York
-$1.62M
4
GS
GTS Securities
New York
-$406K
5
CCG
Catalina Capital Group
California
-$270K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$911K +$47.8K +969 +6%
CW
27
Channel Wealth
California
$783K +$323K +6,556 +71%
HighTower Advisors
28
HighTower Advisors
Illinois
$713K +$5.92K +120 +0.8%
TPWA
29
Twin Peaks Wealth Advisors
California
$642K +$241K +4,888 +61%
TWM
30
TriaGen Wealth Management
California
$600K -$8.29K -168 -1%
Susquehanna International Group
31
Susquehanna International Group
Pennsylvania
$516K -$3.79M -76,783 -88%
AAS
32
Avantax Advisory Services
Texas
$485K +$240K +4,873 +99%
WSWA
33
Warren Street Wealth Advisors
California
$466K – – –
TW
34
Towerpoint Wealth
California
$429K – – –
MOS
35
MGO One Seven
Ohio
$401K +$4.93K +100 +1%
IFG
36
Independent Financial Group
California
$389K – – –
HI
37
Harbour Investments
Wisconsin
$332K +$23K +466 +7%
PIA
38
Perennial Investment Advisors
California
$323K +$12.3K +250 +4%
EWA
39
EP Wealth Advisors
California
$305K – – –
AWS
40
Atria Wealth Solutions
New York
$277K +$1.33K +27 +0.5%
Wealth Enhancement Advisory Services
41
Wealth Enhancement Advisory Services
Minnesota
$239K +$1.82K +37 +0.8%
KAS
42
Kestra Advisory Services
Texas
$221K +$14.9K +302 +7%
CWS
43
Cypress Wealth Services
California
$210K – – –
GS
44
GTS Securities
New York
$207K -$406K -8,236 -66%
PAG
45
Private Advisor Group
New Jersey
$206K +$1.18K +24 +0.6%
AF
46
Allworth Financial
California
$187K -$46.2K -936 -20%
AIP
47
Ameritas Investment Partners
Nebraska
$161K +$9.87K +200 +7%
CCM
48
Chilton Capital Management
Texas
$70K – – –
LFG
49
Larson Financial Group
Missouri
$44.6K +$44.4K +900 New
GRP
50
Global Retirement Partners
California
$43.1K +$296 +6 +0.7%
1
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FCAL Hedge Fund Activity: Q2 2024 in Review

54 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in First Trust California Municipal High income ETF (FCAL) for Q2 2024, worth a combined $182M — up 13% from $161M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new FCAL positions and 3 closed out — a net gain of 2 holders — while 33 added to existing stakes and 8 trimmed.

The largest buyer was Miracle Mile Advisors, adding an estimated $19.1M. The largest seller was Goldman Sachs, exiting entirely with an estimated $5.62M sold.

  • 54 institutional investors held First Trust California Municipal High income ETF (FCAL) as of Q2 2024, up from 52 in Q1 2024.
  • Funds reported $182M of First Trust California Municipal High income ETF stock for Q2 2024, up 13% quarter-over-quarter.
  • 5 funds opened new First Trust California Municipal High income ETF positions in Q2 2024 and 3 closed out, a net change of +2 holders.
  • The largest First Trust California Municipal High income ETF buyer in Q2 2024 was Miracle Mile Advisors, an estimated $19.1M added.
  • The largest First Trust California Municipal High income ETF seller in Q2 2024 was Goldman Sachs, an estimated $5.62M sold.

Based on aggregated 13F filings for Q2 2024.