First Trust California Municipal High income ETF
FCAL
53 hedge funds and large institutions have $134M invested in First Trust California Municipal High income ETF in 2023 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 19 increasing their positions, 12 reducing their positions, and 5 closing their positions.
240% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 5
58% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 12
32% more capital invested
Capital invested by funds: $101M → $134M (+$32.9M)
29% more funds holding
Funds holding: 41 → 53 (+12)
7.64% more ownership
Funds ownership: 69.13% → 76.77% (+7.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$22.2M |
| 2 |
CBB
Citizens Business Bank
Ontario,
California
|
+$1.19M |
| 3 |
Morgan Stanley
New York
|
+$1.13M |
| 4 |
LPL Financial
San Diego,
California
|
+$1.09M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
+$1.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$5.06M |
| 2 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
-$1M |
| 3 |
FAIM
Financial Advocates Investment Management
Olympia,
Washington
|
-$697K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$540K |
| 5 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
-$516K |
FCAL Hedge Fund Activity: Q4 2023 in Review
53 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in First Trust California Municipal High income ETF (FCAL) for Q4 2023, worth a combined $134M — up 32% from $101M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new FCAL positions and 5 closed out — a net gain of 12 holders — while 19 added to existing stakes and 12 trimmed.
The largest buyer was Miracle Mile Advisors, adding an estimated $22.2M. The largest seller was Jane Street, exiting entirely with an estimated $5.06M sold.
- 53 institutional investors held First Trust California Municipal High income ETF (FCAL) as of Q4 2023, up from 41 in Q3 2023.
- Funds reported $134M of First Trust California Municipal High income ETF stock for Q4 2023, up 32% quarter-over-quarter.
- 17 funds opened new First Trust California Municipal High income ETF positions in Q4 2023 and 5 closed out, a net change of +12 holders.
- The largest First Trust California Municipal High income ETF buyer in Q4 2023 was Miracle Mile Advisors, an estimated $22.2M added.
- The largest First Trust California Municipal High income ETF seller in Q4 2023 was Jane Street, an estimated $5.06M sold.
Based on aggregated 13F filings for Q4 2023.