First Trust California Municipal High income ETF
FCAL
36 hedge funds and large institutions have $73.1M invested in First Trust California Municipal High income ETF in 2022 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 12 reducing their positions, and 6 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 12
14% more capital invested
Capital invested by funds: $64.4M → $73.1M (+$8.73M)
6.35% more ownership
Funds ownership: 53.49% → 59.85% (+6.4%)
0% more funds holding
Funds holding: 36 → 36 (0)
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$10.8M |
| 2 |
Jane Street
New York
|
+$3.03M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.91M |
| 4 |
RPCA
Running Point Capital Advisors
El Segundo,
California
|
+$841K |
| 5 |
SCA
Snowden Capital Advisors
New York
|
+$820K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$1.43M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.04M |
| 3 |
KCM
Karp Capital Management
Sausalito,
California
|
-$1.01M |
| 4 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$511K |
| 5 |
CA
Cetera Advisors
Denver,
Colorado
|
-$493K |
FCAL Hedge Fund Activity: Q1 2022 in Review
36 of the 6,360 institutional investors tracked by Wall St. Rank reported a position in First Trust California Municipal High income ETF (FCAL) for Q1 2022, worth a combined $73.1M — up 14% from $64.4M a quarter earlier.
Fund positioning in FCAL was balanced in Q1 2022: 6 funds opened new positions, 6 closed out, 14 added to existing stakes and 12 trimmed.
The largest buyer was Miracle Mile Advisors, opening a new position worth an estimated $10.8M. The largest seller was LPL Financial, cutting an estimated $1.43M.
- 36 institutional investors held First Trust California Municipal High income ETF (FCAL) as of Q1 2022, unchanged from Q4 2021.
- Funds reported $73.1M of First Trust California Municipal High income ETF stock for Q1 2022, up 14% quarter-over-quarter.
- 6 funds opened new First Trust California Municipal High income ETF positions in Q1 2022 and 6 closed out, a net change of 0 holders.
- The largest First Trust California Municipal High income ETF buyer in Q1 2022 was Miracle Mile Advisors, an estimated $10.8M added.
- The largest First Trust California Municipal High income ETF seller in Q1 2022 was LPL Financial, an estimated $1.43M sold.
Based on aggregated 13F filings for Q1 2022.