First Trust California Municipal High income ETF
FCAL
25 hedge funds and large institutions have $49.6M invested in First Trust California Municipal High income ETF in 2020 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 9 increasing their positions, 7 reducing their positions, and 1 closing their positions.
500% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 1
29% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 7
25% more funds holding
Funds holding: 20 → 25 (+5)
0% more capital invested
Capital invested by funds: $49.6M → $49.6M (+$26K)
3.19% less ownership
Funds ownership: 62.57% → 59.39% (-3.2%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2.41M |
| 2 |
LFAS
Level Four Advisory Services
Dallas,
Texas
|
+$536K |
| 3 |
FAIM
Financial Advocates Investment Management
Olympia,
Washington
|
+$377K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$300K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$262K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$3.29M |
| 2 |
SWAG
Spectrum Wealth Advisory Group
Granite Bay,
California
|
-$1.03M |
| 3 |
Jane Street
New York
|
-$754K |
| 4 |
WI
Wintrust Investments
Chicago,
Illinois
|
-$356K |
| 5 |
LPL Financial
San Diego,
California
|
-$207K |
FCAL Hedge Fund Activity: Q2 2020 in Review
25 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in First Trust California Municipal High income ETF (FCAL) for Q2 2020, worth a combined $49.6M — up 0.05% from $49.6M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new FCAL positions and 1 closed out — a net gain of 5 holders — while 9 added to existing stakes and 7 trimmed.
The largest buyer was Bank of America, adding an estimated $2.41M. The largest seller was Citadel Advisors, exiting entirely with an estimated $3.29M sold.
- 25 institutional investors held First Trust California Municipal High income ETF (FCAL) as of Q2 2020, up from 20 in Q1 2020.
- Funds reported $49.6M of First Trust California Municipal High income ETF stock for Q2 2020, up 0.05% quarter-over-quarter.
- 6 funds opened new First Trust California Municipal High income ETF positions in Q2 2020 and 1 closed out, a net change of +5 holders.
- The largest First Trust California Municipal High income ETF buyer in Q2 2020 was Bank of America, an estimated $2.41M added.
- The largest First Trust California Municipal High income ETF seller in Q2 2020 was Citadel Advisors, an estimated $3.29M sold.
Based on aggregated 13F filings for Q2 2020.