First Trust California Municipal High income ETF
FCAL
36 hedge funds and large institutions have $65M invested in First Trust California Municipal High income ETF in 2023 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 18 increasing their positions, 11 reducing their positions, and 3 closing their positions.
64% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 11
60% more capital inflows, than outflows
Capital inflows: $19M | Capital outflows: $11.9M
1.56% more ownership
Funds ownership: 54.65% → 56.21% (+1.6%)
0% more funds holding
Funds holding: 36 → 36 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rockefeller Capital Management
New York
|
+$7.26M |
| 2 |
Morgan Stanley
New York
|
+$4.01M |
| 3 |
Miracle Mile Advisors
Los Angeles,
California
|
+$3.73M |
| 4 |
LPL Financial
San Diego,
California
|
+$1.01M |
| 5 |
Flow Traders U.S.
New York
|
+$711K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Towerpoint Wealth
Sacramento,
California
|
-$4.81M |
| 2 |
Jane Street
New York
|
-$4.03M |
| 3 |
Allworth Financial
Folsom,
California
|
-$1.08M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$530K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$449K |
FCAL Hedge Fund Activity: Q1 2023 in Review
36 of the 6,289 institutional investors tracked by Wall St. Rank reported a position in First Trust California Municipal High income ETF (FCAL) for Q1 2023, worth a combined $65M — up 22% from $53.4M a quarter earlier.
Fund positioning in FCAL was balanced in Q1 2023: 3 funds opened new positions, 3 closed out, 18 added to existing stakes and 11 trimmed.
The largest buyer was Rockefeller Capital Management, adding an estimated $7.26M. The largest seller was Towerpoint Wealth, cutting an estimated $4.81M.
- 36 institutional investors held First Trust California Municipal High income ETF (FCAL) as of Q1 2023, unchanged from Q4 2022.
- Funds reported $65M of First Trust California Municipal High income ETF stock for Q1 2023, up 22% quarter-over-quarter.
- 3 funds opened new First Trust California Municipal High income ETF positions in Q1 2023 and 3 closed out, a net change of 0 holders.
- The largest First Trust California Municipal High income ETF buyer in Q1 2023 was Rockefeller Capital Management, an estimated $7.26M added.
- The largest First Trust California Municipal High income ETF seller in Q1 2023 was Towerpoint Wealth, an estimated $4.81M sold.
Based on aggregated 13F filings for Q1 2023.