First Trust California Municipal High income ETF
FCAL
27 hedge funds and large institutions have $53.1M invested in First Trust California Municipal High income ETF in 2020 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 14 increasing their positions, 6 reducing their positions, and 2 closing their positions.
133% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 6
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
8% more funds holding
Funds holding: 25 → 27 (+2)
7% more capital invested
Capital invested by funds: $49.6M → $53.1M (+$3.55M)
1.63% more ownership
Funds ownership: 59.39% → 61.01% (+1.6%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$1.39M |
| 2 |
LPL Financial
San Diego,
California
|
+$1.27M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$919K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$659K |
| 5 |
LFAS
Level Four Advisory Services
Dallas,
Texas
|
+$363K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SWAG
Spectrum Wealth Advisory Group
Granite Bay,
California
|
-$1.84M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$679K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$202K |
| 4 |
KCM
Karp Capital Management
Sausalito,
California
|
-$178K |
| 5 |
Jane Street
New York
|
-$120K |
FCAL Hedge Fund Activity: Q3 2020 in Review
27 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in First Trust California Municipal High income ETF (FCAL) for Q3 2020, worth a combined $53.1M — up 7.2% from $49.6M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new FCAL positions and 2 closed out — a net gain of 2 holders — while 14 added to existing stakes and 6 trimmed.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $1.39M. The largest seller was Spectrum Wealth Advisory Group, cutting an estimated $1.84M.
- 27 institutional investors held First Trust California Municipal High income ETF (FCAL) as of Q3 2020, up from 25 in Q2 2020.
- Funds reported $53.1M of First Trust California Municipal High income ETF stock for Q3 2020, up 7.2% quarter-over-quarter.
- 4 funds opened new First Trust California Municipal High income ETF positions in Q3 2020 and 2 closed out, a net change of +2 holders.
- The largest First Trust California Municipal High income ETF buyer in Q3 2020 was Citadel Advisors, an estimated $1.39M added.
- The largest First Trust California Municipal High income ETF seller in Q3 2020 was Spectrum Wealth Advisory Group, an estimated $1.84M sold.
Based on aggregated 13F filings for Q3 2020.