First Trust California Municipal High income ETF
FCAL
19 hedge funds and large institutions have $30.5M invested in First Trust California Municipal High income ETF in 2019 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 1 reducing their positions, and 1 closing their positions.
1,100% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 1
1,011% more capital inflows, than outflows
Capital inflows: $11M | Capital outflows: $988K
400% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 1
27% more funds holding
Funds holding: 15 → 19 (+4)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
43.05% less ownership
Funds ownership: 85.45% → 42.39% (-43%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$3.04M |
| 2 |
TW
Towerpoint Wealth
Sacramento,
California
|
+$2.51M |
| 3 |
D.A. Davidson & Co
Great Falls,
Montana
|
+$2.35M |
| 4 |
SWAG
Spectrum Wealth Advisory Group
Granite Bay,
California
|
+$1.05M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$614K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LWAC
Laurel Wealth Advisors (California)
Solana Beach,
California
|
-$577K |
| 2 |
Jane Street
New York
|
-$411K |
FCAL Hedge Fund Activity: Q3 2019 in Review
19 of the 4,576 institutional investors tracked by Wall St. Rank reported a position in First Trust California Municipal High income ETF (FCAL) for Q3 2019, worth a combined $30.5M — up 51% from $20.2M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FCAL positions and 1 closed out — a net gain of 4 holders — while 12 added to existing stakes and 1 trimmed.
The largest buyer was LPL Financial, adding an estimated $3.04M. The largest seller was Laurel Wealth Advisors (California), exiting entirely with an estimated $577K sold.
- 19 institutional investors held First Trust California Municipal High income ETF (FCAL) as of Q3 2019, up from 15 in Q2 2019.
- Funds reported $30.5M of First Trust California Municipal High income ETF stock for Q3 2019, up 51% quarter-over-quarter.
- 5 funds opened new First Trust California Municipal High income ETF positions in Q3 2019 and 1 closed out, a net change of +4 holders.
- The largest First Trust California Municipal High income ETF buyer in Q3 2019 was LPL Financial, an estimated $3.04M added.
- The largest First Trust California Municipal High income ETF seller in Q3 2019 was Laurel Wealth Advisors (California), an estimated $577K sold.
Based on aggregated 13F filings for Q3 2019.