First Trust California Municipal High income ETF
FCAL
39 hedge funds and large institutions have $73.8M invested in First Trust California Municipal High income ETF in 2022 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 14 reducing their positions, and 5 closing their positions.
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
8% more funds holding
Funds holding: 36 → 39 (+3)
2.44% more ownership
Funds ownership: 59.85% → 62.29% (+2.4%)
1% more capital invested
Capital invested by funds: $73.1M → $73.8M (+$674K)
7% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$12.2M |
| 2 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
+$1.93M |
| 3 |
WSWA
Warren Street Wealth Advisors
Newport Beach,
California
|
+$583K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$548K |
| 5 |
OPS
Orion Portfolio Solutions
Omaha,
Nebraska
|
+$384K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Karp Capital Management
Sausalito,
California
|
-$3.42M |
| 2 |
LPL Financial
San Diego,
California
|
-$2.79M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$1.66M |
| 4 |
Jane Street
New York
|
-$1.2M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.09M |
FCAL Hedge Fund Activity: Q2 2022 in Review
39 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in First Trust California Municipal High income ETF (FCAL) for Q2 2022, worth a combined $73.8M — up 0.92% from $73.1M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FCAL positions and 5 closed out — a net gain of 3 holders — while 13 added to existing stakes and 14 trimmed.
The largest buyer was Miracle Mile Advisors, adding an estimated $12.2M. The largest seller was Karp Capital Management, exiting entirely with an estimated $3.42M sold.
- 39 institutional investors held First Trust California Municipal High income ETF (FCAL) as of Q2 2022, up from 36 in Q1 2022.
- Funds reported $73.8M of First Trust California Municipal High income ETF stock for Q2 2022, up 0.92% quarter-over-quarter.
- 8 funds opened new First Trust California Municipal High income ETF positions in Q2 2022 and 5 closed out, a net change of +3 holders.
- The largest First Trust California Municipal High income ETF buyer in Q2 2022 was Miracle Mile Advisors, an estimated $12.2M added.
- The largest First Trust California Municipal High income ETF seller in Q2 2022 was Karp Capital Management, an estimated $3.42M sold.
Based on aggregated 13F filings for Q2 2022.