First Trust California Municipal High income ETF
FCAL
31 hedge funds and large institutions have $53.8M invested in First Trust California Municipal High income ETF in 2021 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 5 reducing their positions, and 4 closing their positions.
220% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 5
0% more funds holding
Funds holding: 31 → 31 (0)
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
3.36% less ownership
Funds ownership: 62.09% → 58.72% (-3.4%)
11% less capital invested
Capital invested by funds: $60.5M → $53.8M (-$6.62M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$2.13M |
| 2 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
+$1.07M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$865K |
| 4 |
SEP
Southland Equity Partners
Wildwood,
Missouri
|
+$430K |
| 5 |
Jane Street
New York
|
+$415K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$8.77M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$2.64M |
| 3 |
Morgan Stanley
New York
|
-$1.06M |
| 4 |
LFAS
Level Four Advisory Services
Dallas,
Texas
|
-$1.03M |
| 5 |
AWA
Aaron Wealth Advisors
Chicago,
Illinois
|
-$266K |
FCAL Hedge Fund Activity: Q1 2021 in Review
31 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in First Trust California Municipal High income ETF (FCAL) for Q1 2021, worth a combined $53.8M — down 11% from $60.5M a quarter earlier.
Fund positioning in FCAL was balanced in Q1 2021: 4 funds opened new positions, 4 closed out, 16 added to existing stakes and 5 trimmed.
The largest buyer was LPL Financial, adding an estimated $2.13M. The largest seller was Bank of America, cutting an estimated $8.77M.
- 31 institutional investors held First Trust California Municipal High income ETF (FCAL) as of Q1 2021, unchanged from Q4 2020.
- Funds reported $53.8M of First Trust California Municipal High income ETF stock for Q1 2021, down 11% quarter-over-quarter.
- 4 funds opened new First Trust California Municipal High income ETF positions in Q1 2021 and 4 closed out, a net change of 0 holders.
- The largest First Trust California Municipal High income ETF buyer in Q1 2021 was LPL Financial, an estimated $2.13M added.
- The largest First Trust California Municipal High income ETF seller in Q1 2021 was Bank of America, an estimated $8.77M sold.
Based on aggregated 13F filings for Q1 2021.