First Trust California Municipal High income ETF
FCAL
19 hedge funds and large institutions have $42.1M invested in First Trust California Municipal High income ETF in 2019 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 10 increasing their positions, 3 reducing their positions, and 3 closing their positions.
233% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 3
38% more capital invested
Capital invested by funds: $30.5M → $42.1M (+$11.7M)
0% more funds holding
Funds holding: 19 → 19 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
1.79% less ownership
Funds ownership: 60.24% → 58.45% (-1.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$5.51M |
| 2 |
KCM
Karp Capital Management
Sausalito,
California
|
+$2.37M |
| 3 |
LPL Financial
San Diego,
California
|
+$1.34M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$1.05M |
| 5 |
TW
Towerpoint Wealth
Sacramento,
California
|
+$983K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$780K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$530K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$297K |
| 4 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$27K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$11K |
FCAL Hedge Fund Activity: Q4 2019 in Review
19 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in First Trust California Municipal High income ETF (FCAL) for Q4 2019, worth a combined $42.1M — up 38% from $30.5M a quarter earlier.
Fund positioning in FCAL was balanced in Q4 2019: 3 funds opened new positions, 3 closed out, 10 added to existing stakes and 3 trimmed.
The largest buyer was Commonwealth Equity Services, adding an estimated $5.51M. The largest seller was Jane Street, cutting an estimated $780K.
- 19 institutional investors held First Trust California Municipal High income ETF (FCAL) as of Q4 2019, unchanged from Q3 2019.
- Funds reported $42.1M of First Trust California Municipal High income ETF stock for Q4 2019, up 38% quarter-over-quarter.
- 3 funds opened new First Trust California Municipal High income ETF positions in Q4 2019 and 3 closed out, a net change of 0 holders.
- The largest First Trust California Municipal High income ETF buyer in Q4 2019 was Commonwealth Equity Services, an estimated $5.51M added.
- The largest First Trust California Municipal High income ETF seller in Q4 2019 was Jane Street, an estimated $780K sold.
Based on aggregated 13F filings for Q4 2019.