First Trust California Municipal High income ETF
FCAL
20 hedge funds and large institutions have $49.6M invested in First Trust California Municipal High income ETF in 2020 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 3 reducing their positions, and 2 closing their positions.
233% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 3
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
18% more capital invested
Capital invested by funds: $42.1M → $49.6M (+$7.43M)
5% more funds holding
Funds holding: 19 → 20 (+1)
4.12% more ownership
Funds ownership: 58.45% → 62.57% (+4.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$8.16M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$2.39M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$2.05M |
| 4 |
Jane Street
New York
|
+$870K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$858K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$2.76M |
| 2 |
LPL Financial
San Diego,
California
|
-$1.97M |
| 3 |
MIAN
Mariner Independent Advisor Network
Overland Park,
Kansas
|
-$1.41M |
| 4 |
SWAG
Spectrum Wealth Advisory Group
Granite Bay,
California
|
-$132K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$18.9K |
FCAL Hedge Fund Activity: Q1 2020 in Review
20 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in First Trust California Municipal High income ETF (FCAL) for Q1 2020, worth a combined $49.6M — up 18% from $42.1M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FCAL positions and 2 closed out — a net gain of 3 holders — while 10 added to existing stakes and 3 trimmed.
The largest buyer was Commonwealth Equity Services, adding an estimated $8.16M. The largest seller was D.A. Davidson & Co, exiting entirely with an estimated $2.76M sold.
- 20 institutional investors held First Trust California Municipal High income ETF (FCAL) as of Q1 2020, up from 19 in Q4 2019.
- Funds reported $49.6M of First Trust California Municipal High income ETF stock for Q1 2020, up 18% quarter-over-quarter.
- 5 funds opened new First Trust California Municipal High income ETF positions in Q1 2020 and 2 closed out, a net change of +3 holders.
- The largest First Trust California Municipal High income ETF buyer in Q1 2020 was Commonwealth Equity Services, an estimated $8.16M added.
- The largest First Trust California Municipal High income ETF seller in Q1 2020 was D.A. Davidson & Co, an estimated $2.76M sold.
Based on aggregated 13F filings for Q1 2020.