First Trust California Municipal High income ETF
FCAL
9 hedge funds and large institutions have $15.4M invested in First Trust California Municipal High income ETF in 2019 Q1 according to their latest regulatory filings, with 3 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
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
13% more funds holding
Funds holding: 8 → 9 (+1)
6% more capital invested
Capital invested by funds: $14.5M → $15.4M (+$868K)
2.3% more ownership
Funds ownership: 64.19% → 66.49% (+2.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$506K |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$354K |
| 3 |
LPL Financial
San Diego,
California
|
+$323K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$145K |
| 5 |
MIAN
Mariner Independent Advisor Network
Overland Park,
Kansas
|
+$142K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.27M |
| 2 |
Jane Street
New York
|
-$955K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$751K |
| 4 |
Goldman Sachs
New York
|
-$659K |
FCAL Hedge Fund Activity: Q1 2019 in Review
9 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in First Trust California Municipal High income ETF (FCAL) for Q1 2019, worth a combined $15.4M — up 6% from $14.5M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new FCAL positions and 2 closed out — a net gain of 1 holder — while 4 added to existing stakes and 2 trimmed.
The largest buyer was Bank of America, adding an estimated $506K. The largest seller was Susquehanna International Group, exiting entirely with an estimated $1.27M sold.
- 9 institutional investors held First Trust California Municipal High income ETF (FCAL) as of Q1 2019, up from 8 in Q4 2018.
- Funds reported $15.4M of First Trust California Municipal High income ETF stock for Q1 2019, up 6% quarter-over-quarter.
- 3 funds opened new First Trust California Municipal High income ETF positions in Q1 2019 and 2 closed out, a net change of +1 holder.
- The largest First Trust California Municipal High income ETF buyer in Q1 2019 was Bank of America, an estimated $506K added.
- The largest First Trust California Municipal High income ETF seller in Q1 2019 was Susquehanna International Group, an estimated $1.27M sold.
Based on aggregated 13F filings for Q1 2019.