First Trust California Municipal High income ETF
FCAL
31 hedge funds and large institutions have $60.5M invested in First Trust California Municipal High income ETF in 2020 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 6 reducing their positions, and 4 closing their positions.
197% more capital inflows, than outflows
Capital inflows: $8.94M | Capital outflows: $3.01M
117% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 6
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
15% more funds holding
Funds holding: 27 → 31 (+4)
1.07% more ownership
Funds ownership: 61.01% → 62.09% (+1.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$1.68M |
| 2 |
Jane Street
New York
|
+$1.66M |
| 3 |
Morgan Stanley
New York
|
+$940K |
| 4 |
KCM
Karp Capital Management
Sausalito,
California
|
+$577K |
| 5 |
Mariner Independent Advisor Network
Overland Park,
Kansas
|
+$573K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.19M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$754K |
| 3 |
Spectrum Wealth Advisory Group
Granite Bay,
California
|
-$433K |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$420K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$129K |
FCAL Hedge Fund Activity: Q4 2020 in Review
31 of the 5,678 institutional investors tracked by Wall St. Rank reported a position in First Trust California Municipal High income ETF (FCAL) for Q4 2020, worth a combined $60.5M — up 14% from $53.1M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FCAL positions and 4 closed out — a net gain of 4 holders — while 13 added to existing stakes and 6 trimmed.
The largest buyer was LPL Financial, adding an estimated $1.68M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $1.19M sold.
- 31 institutional investors held First Trust California Municipal High income ETF (FCAL) as of Q4 2020, up from 27 in Q3 2020.
- Funds reported $60.5M of First Trust California Municipal High income ETF stock for Q4 2020, up 14% quarter-over-quarter.
- 8 funds opened new First Trust California Municipal High income ETF positions in Q4 2020 and 4 closed out, a net change of +4 holders.
- The largest First Trust California Municipal High income ETF buyer in Q4 2020 was LPL Financial, an estimated $1.68M added.
- The largest First Trust California Municipal High income ETF seller in Q4 2020 was Susquehanna International Group, an estimated $1.19M sold.
Based on aggregated 13F filings for Q4 2020.