First Trust California Municipal High income ETF
FCAL
15 hedge funds and large institutions have $20.2M invested in First Trust California Municipal High income ETF in 2019 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 6 increasing their positions, 2 reducing their positions, and 1 closing their positions.
600% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 1
200% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 2
67% more funds holding
Funds holding: 9 → 15 (+6)
31% more capital invested
Capital invested by funds: $15.4M → $20.2M (+$4.8M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2.4% less ownership
Funds ownership: 66.49% → 64.08% (-2.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TW
Towerpoint Wealth
Sacramento,
California
|
+$1.44M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$1.21M |
| 3 |
AG
Advisor Group
Phoenix,
Arizona
|
+$978K |
| 4 |
LPL Financial
San Diego,
California
|
+$666K |
| 5 |
LWAC
Laurel Wealth Advisors (California)
Solana Beach,
California
|
+$570K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$775K |
| 2 |
SWAG
Spectrum Wealth Advisory Group
Granite Bay,
California
|
-$693K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$52 |
FCAL Hedge Fund Activity: Q2 2019 in Review
15 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in First Trust California Municipal High income ETF (FCAL) for Q2 2019, worth a combined $20.2M — up 31% from $15.4M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FCAL positions and 1 closed out — a net gain of 6 holders — while 6 added to existing stakes and 2 trimmed.
The largest buyer was Towerpoint Wealth, opening a new position worth an estimated $1.44M. The largest seller was Jane Street, cutting an estimated $775K.
- 15 institutional investors held First Trust California Municipal High income ETF (FCAL) as of Q2 2019, up from 9 in Q1 2019.
- Funds reported $20.2M of First Trust California Municipal High income ETF stock for Q2 2019, up 31% quarter-over-quarter.
- 7 funds opened new First Trust California Municipal High income ETF positions in Q2 2019 and 1 closed out, a net change of +6 holders.
- The largest First Trust California Municipal High income ETF buyer in Q2 2019 was Towerpoint Wealth, an estimated $1.44M added.
- The largest First Trust California Municipal High income ETF seller in Q2 2019 was Jane Street, an estimated $775K sold.
Based on aggregated 13F filings for Q2 2019.