First Trust California Municipal High income ETF
FCAL
4 hedge funds and large institutions have $7.44M invested in First Trust California Municipal High income ETF in 2018 Q1 according to their latest regulatory filings, with 0 funds opening new positions, 3 increasing their positions, 1 reducing their positions, and 1 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 1
20% less funds holding
Funds holding: 5 → 4 (-1)
20.6% less ownership
Funds ownership: 94.58% → 73.99% (-21%)
24% less capital invested
Capital invested by funds: $9.76M → $7.44M (-$2.31M)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.19M |
| 2 |
LPL Financial
San Diego,
California
|
+$338K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$264K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$3.53M |
| 2 |
Jane Street
New York
|
-$344K |
FCAL Hedge Fund Activity: Q1 2018 in Review
4 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in First Trust California Municipal High income ETF (FCAL) for Q1 2018, worth a combined $7.44M — down 24% from $9.76M a quarter earlier.
Sellers outnumbered buyers: 1 fund closed out of FCAL and 0 opened new positions — a net loss of 1 holder — while 1 trimmed existing stakes and 3 added.
The largest buyer was Bank of America, adding an estimated $1.19M. The largest seller was Citigroup, cutting an estimated $3.53M.
- 4 institutional investors held First Trust California Municipal High income ETF (FCAL) as of Q1 2018, down from 5 in Q4 2017.
- Funds reported $7.44M of First Trust California Municipal High income ETF stock for Q1 2018, down 24% quarter-over-quarter.
- 0 funds opened new First Trust California Municipal High income ETF positions in Q1 2018 and 1 closed out, a net change of -1 holder.
- The largest First Trust California Municipal High income ETF buyer in Q1 2018 was Bank of America, an estimated $1.19M added.
- The largest First Trust California Municipal High income ETF seller in Q1 2018 was Citigroup, an estimated $3.53M sold.
Based on aggregated 13F filings for Q1 2018.