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First Trust California Municipal High income ETF
FCAL

59 hedge funds and large institutions have $195M invested in First Trust California Municipal High income ETF in 2024 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 24 increasing their positions, 18 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 6

33% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 18

9% more funds holding

Funds holding: 54 → 59 (+5)

8% more capital invested

Capital invested by funds: $182M → $195M (+$13.7M)

0.76% more ownership

Funds ownership: 74.83% → 75.59% (+0.76%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
59
Holders Change
+5
Holders Change %
+9.26%
% of All Funds
0.85%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
11
Increased
24
Reduced
18
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$4.37M
2
MMA
Miracle Mile Advisors
California
+$3.89M
3
Citadel Advisors
Citadel Advisors
Florida
+$1.78M
4
CW
Channel Wealth
California
+$1.07M
5
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$999K

Top Sellers

Rank Fund Capital Flow
1
OMC
Old Mission Capital
Illinois
-$1.64M
2
Mariner
Mariner
Kansas
-$969K
3
FA
Flagstar Advisors
New York
-$741K
4
Osaic Holdings
Osaic Holdings
Arizona
-$610K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$516K
Name Holding Trade Value Shares
Change 		Change in
Stake
Envestnet Asset Management
26
Envestnet Asset Management
Illinois
$921K -$131K -2,620 -12%
Commonwealth Equity Services
27
Commonwealth Equity Services
Massachusetts
$902K -$20.9K -419 -2%
GC
28
Guggenheim Capital
Illinois
$825K +$821K +16,435 New
HighTower Advisors
29
HighTower Advisors
Illinois
$788K +$64.8K +1,298 +9%
BZWA
30
Blue Zone Wealth Advisors
California
$742K +$738K +14,787 New
TPWA
31
Twin Peaks Wealth Advisors
California
$684K +$34K +680 +5%
TWM
32
TriaGen Wealth Management
California
$601K -$6.99K -140 -1%
WSWA
33
Warren Street Wealth Advisors
California
$465K -$7.19K -144 -2%
TW
34
Towerpoint Wealth
California
$434K -$999 -20 -0.2%
MOS
35
MGO One Seven
Ohio
$406K – – –
TC
36
TownSquare Capital
Utah
$406K +$404K +8,094 New
PIA
37
Perennial Investment Advisors
California
$343K +$15.2K +305 +5%
Wealth Enhancement Advisory Services
38
Wealth Enhancement Advisory Services
Minnesota
$331K +$89K +1,783 +37%
AAS
39
Avantax Advisory Services
Texas
$313K -$178K -3,556 -36%
EWA
40
EP Wealth Advisors
California
$309K – – –
CW
41
CreativeOne Wealth
Kansas
$278K +$277K +5,543 New
SPIA
42
Steward Partners Investment Advisory
New York
$256K +$255K +5,100 New
AWS
43
Atria Wealth Solutions
New York
$249K -$31.7K -635 -11%
FA
44
Flagstar Advisors
New York
$239K -$741K -14,834 -76%
GS
45
GTS Securities
New York
$216K +$5.79K +116 +3%
CWS
46
Cypress Wealth Services
California
$213K – – –
PAG
47
Private Advisor Group
New Jersey
$210K +$1.15K +23 +0.6%
EH
48
Equitable Holdings
New York
$205K +$204K +4,076 New
JBA
49
Johnson Bixby & Associates
Washington
$202K +$201K +4,033 New
CCM
50
Chilton Capital Management
Texas
$202K +$130K +2,604 +184%
1
2
3

FCAL Hedge Fund Activity: Q3 2024 in Review

59 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in First Trust California Municipal High income ETF (FCAL) for Q3 2024, worth a combined $195M — up 7.6% from $182M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new FCAL positions and 6 closed out — a net gain of 5 holders — while 24 added to existing stakes and 18 trimmed.

The largest buyer was LPL Financial, adding an estimated $4.37M. The largest seller was Old Mission Capital, exiting entirely with an estimated $1.64M sold.

  • 59 institutional investors held First Trust California Municipal High income ETF (FCAL) as of Q3 2024, up from 54 in Q2 2024.
  • Funds reported $195M of First Trust California Municipal High income ETF stock for Q3 2024, up 7.6% quarter-over-quarter.
  • 11 funds opened new First Trust California Municipal High income ETF positions in Q3 2024 and 6 closed out, a net change of +5 holders.
  • The largest First Trust California Municipal High income ETF buyer in Q3 2024 was LPL Financial, an estimated $4.37M added.
  • The largest First Trust California Municipal High income ETF seller in Q3 2024 was Old Mission Capital, an estimated $1.64M sold.

Based on aggregated 13F filings for Q3 2024.