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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$15.5M |
| 2 |
LPL Financial
San Diego,
California
|
+$6.43M |
| 3 |
Goldman Sachs
New York
|
+$5.63M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$4.34M |
| 5 |
Jane Street
New York
|
+$2.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$8.12M |
| 2 |
Rockefeller Capital Management
New York
|
-$7.91M |
| 3 |
CBB
Citizens Business Bank
Ontario,
California
|
-$1.21M |
| 4 |
FTUS
Flow Traders U.S.
New York
|
-$1.08M |
| 5 |
AF
Allworth Financial
Folsom,
California
|
-$491K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DF
51
Dunhill Financial
London,
United Kingdom
| $13.5K | +$99 | +2 | +0.7% |
|
52
Wells Fargo
San Francisco,
California
| $65 | -$102K | -2,060 | -100% |
|
|
53
Rockefeller Capital Management
New York
| – | -$7.91M | -158,470 | Closed |
|
|
FTUS
54
Flow Traders U.S.
New York
| – | -$1.08M | -21,552 | Closed |
|
|
SWA
55
Stratos Wealth Advisors
Beachwood,
Ohio
| – | -$317K | -6,357 | Closed |
|
56
MML Investors Services
Springfield,
Massachusetts
| – | -$291K | -5,832 | Closed |
|
|
IWC
57
Integrated Wealth Concepts
Waltham,
Massachusetts
| – | -$223K | -4,476 | Closed |
|
|
ARC
58
Advisor Resource Council
Dallas,
Texas
| – | -$213K | -4,261 | Closed |
|
|
SEIA
59
Signature Estate & Investment Advisors
Los Angeles,
California
| – | -$200K | -4,011 | Closed |
|
|
TRCT
60
Tower Research Capital (TRC)
New York
| – | -$4.29K | -86 | Closed |
|
|
TFG
61
Team Financial Group
Temecula,
California
| – | -$1.75K | -35 | Closed |
|
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.