First Trust California Municipal High income ETF
FCAL
8 hedge funds and large institutions have $14.5M invested in First Trust California Municipal High income ETF in 2018 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 4 increasing their positions, 2 reducing their positions, and 2 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 2
15% more capital invested
Capital invested by funds: $12.6M → $14.5M (+$1.87M)
0.81% more ownership
Funds ownership: 63.38% → 64.19% (+0.81%)
11% less funds holding
Funds holding: 9 → 8 (-1)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.7M |
| 2 |
Jane Street
New York
|
+$1.01M |
| 3 |
Goldman Sachs
New York
|
+$651K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$255K |
| 5 |
MIAN
Mariner Independent Advisor Network
Overland Park,
Kansas
|
+$129K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$1.16M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$736K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$60K |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$25K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Bank of America
Charlotte,
North Carolina
| $6.05M | +$1.7M | +34,237 | +40% |
|
|
2
Jane Street
New York
| $3.3M | +$1.01M | +20,302 | +45% |
|
|
3
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1.31M | +$255K | +5,136 | +24% |
|
|
4
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $1.27M | -$736K | -14,850 | -37% |
|
|
5
LPL Financial
San Diego,
California
| $1.05M | -$1.16M | -23,507 | -53% |
|
|
MIAN
6
Mariner Independent Advisor Network
Overland Park,
Kansas
| $699K | +$129K | +2,605 | +23% |
|
|
7
Goldman Sachs
New York
| $659K | +$651K | +13,129 | New |
|
|
LTFS
8
Ladenburg Thalmann Financial Services
Miami,
Florida
| $151K | – | – | – |
|
|
9
UBS Group
Zurich,
Switzerland
| – | -$60K | -1,205 | Closed |
|
|
10
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$25K | -500 | Closed |
|
FCAL Hedge Fund Activity: Q4 2018 in Review
8 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in First Trust California Municipal High income ETF (FCAL) for Q4 2018, worth a combined $14.5M — up 15% from $12.6M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of FCAL and 1 opened new positions — a net loss of 1 holder — while 2 trimmed existing stakes and 4 added.
The largest buyer was Bank of America, adding an estimated $1.7M. The largest seller was LPL Financial, cutting an estimated $1.16M.
- 8 institutional investors held First Trust California Municipal High income ETF (FCAL) as of Q4 2018, down from 9 in Q3 2018.
- Funds reported $14.5M of First Trust California Municipal High income ETF stock for Q4 2018, up 15% quarter-over-quarter.
- 1 fund opened new First Trust California Municipal High income ETF positions in Q4 2018 and 2 closed out, a net change of -1 holder.
- The largest First Trust California Municipal High income ETF buyer in Q4 2018 was Bank of America, an estimated $1.7M added.
- The largest First Trust California Municipal High income ETF seller in Q4 2018 was LPL Financial, an estimated $1.16M sold.
Based on aggregated 13F filings for Q4 2018.