First Trust California Municipal High income ETF
FCAL
41 hedge funds and large institutions have $101M invested in First Trust California Municipal High income ETF in 2023 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 24 increasing their positions, 9 reducing their positions, and 4 closing their positions.
167% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 9
5% more capital invested
Capital invested by funds: $96M → $101M (+$5.28M)
2.73% more ownership
Funds ownership: 66.4% → 69.13% (+2.7%)
7% less funds holding
Funds holding: 44 → 41 (-3)
75% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$4.42M |
| 2 |
LPL Financial
San Diego,
California
|
+$3.86M |
| 3 |
Jane Street
New York
|
+$1.73M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$608K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$524K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Snowden Capital Advisors
New York
|
-$740K |
| 2 |
FTUS
Flow Traders U.S.
New York
|
-$718K |
| 3 |
MML Investors Services
Springfield,
Massachusetts
|
-$495K |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$478K |
| 5 |
AF
Allworth Financial
Folsom,
California
|
-$416K |
FCAL Hedge Fund Activity: Q3 2023 in Review
41 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in First Trust California Municipal High income ETF (FCAL) for Q3 2023, worth a combined $101M — up 5.5% from $96M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of FCAL and 1 opened new positions — a net loss of 3 holders — while 9 trimmed existing stakes and 24 added.
The largest buyer was Miracle Mile Advisors, adding an estimated $4.42M. The largest seller was Snowden Capital Advisors, exiting entirely with an estimated $740K sold.
- 41 institutional investors held First Trust California Municipal High income ETF (FCAL) as of Q3 2023, down from 44 in Q2 2023.
- Funds reported $101M of First Trust California Municipal High income ETF stock for Q3 2023, up 5.5% quarter-over-quarter.
- 1 fund opened new First Trust California Municipal High income ETF positions in Q3 2023 and 4 closed out, a net change of -3 holders.
- The largest First Trust California Municipal High income ETF buyer in Q3 2023 was Miracle Mile Advisors, an estimated $4.42M added.
- The largest First Trust California Municipal High income ETF seller in Q3 2023 was Snowden Capital Advisors, an estimated $740K sold.
Based on aggregated 13F filings for Q3 2023.