First Trust California Municipal High income ETF
FCAL
44 hedge funds and large institutions have $96M invested in First Trust California Municipal High income ETF in 2023 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 24 increasing their positions, 9 reducing their positions, and 0 closing their positions.
2,790% more capital inflows, than outflows
Capital inflows: $32.4M | Capital outflows: $1.12M
167% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 9
22% more funds holding
Funds holding: 36 → 44 (+8)
10.19% more ownership
Funds ownership: 56.21% → 66.4% (+10%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Miracle Mile Advisors
Los Angeles,
California
|
+$15.9M |
| 2 |
LPL Financial
San Diego,
California
|
+$5.01M |
| 3 |
Jane Street
New York
|
+$2.4M |
| 4 |
Morgan Stanley
New York
|
+$2.09M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allworth Financial
Folsom,
California
|
-$915K |
| 2 |
FAIM
Financial Advocates Investment Management
Olympia,
Washington
|
-$105K |
| 3 |
MA
Mutual Advisors
Omaha,
Nebraska
|
-$31.7K |
| 4 |
Integrated Wealth Concepts
Waltham,
Massachusetts
|
-$24.9K |
| 5 |
WSWA
Warren Street Wealth Advisors
Newport Beach,
California
|
-$17.4K |
FCAL Hedge Fund Activity: Q2 2023 in Review
44 of the 6,389 institutional investors tracked by Wall St. Rank reported a position in First Trust California Municipal High income ETF (FCAL) for Q2 2023, worth a combined $96M — up 48% from $65M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FCAL positions and 0 closed out — a net gain of 8 holders — while 24 added to existing stakes and 9 trimmed.
The largest buyer was Miracle Mile Advisors, adding an estimated $15.9M. The largest seller was Allworth Financial, cutting an estimated $915K.
- 44 institutional investors held First Trust California Municipal High income ETF (FCAL) as of Q2 2023, up from 36 in Q1 2023.
- Funds reported $96M of First Trust California Municipal High income ETF stock for Q2 2023, up 48% quarter-over-quarter.
- 8 funds opened new First Trust California Municipal High income ETF positions in Q2 2023 and 0 closed out, a net change of +8 holders.
- The largest First Trust California Municipal High income ETF buyer in Q2 2023 was Miracle Mile Advisors, an estimated $15.9M added.
- The largest First Trust California Municipal High income ETF seller in Q2 2023 was Allworth Financial, an estimated $915K sold.
Based on aggregated 13F filings for Q2 2023.