First Trust California Municipal High income ETF
FCAL
52 hedge funds and large institutions have $161M invested in First Trust California Municipal High income ETF in 2024 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 24 increasing their positions, 13 reducing their positions, and 9 closing their positions.
85% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 13
20% more capital invested
Capital invested by funds: $134M → $161M (+$27.2M)
2% less funds holding
Funds holding: 53 → 52 (-1)
2.92% less ownership
Funds ownership: 76.77% → 73.85% (-2.9%)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$15.5M |
| 2 |
LPL Financial
San Diego,
California
|
+$6.43M |
| 3 |
Goldman Sachs
New York
|
+$5.63M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$4.34M |
| 5 |
Jane Street
New York
|
+$2.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rockefeller Capital Management
New York
|
-$7.91M |
| 2 |
CBB
Citizens Business Bank
Ontario,
California
|
-$1.21M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
-$1.08M |
| 4 |
AF
Allworth Financial
Folsom,
California
|
-$491K |
| 5 |
SWA
Stratos Wealth Advisors
Beachwood,
Ohio
|
-$317K |
FCAL Hedge Fund Activity: Q1 2024 in Review
52 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in First Trust California Municipal High income ETF (FCAL) for Q1 2024, worth a combined $161M — up 20% from $134M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FCAL and 8 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 24 added.
The largest buyer was Miracle Mile Advisors, adding an estimated $15.5M. The largest seller was Rockefeller Capital Management, exiting entirely with an estimated $7.91M sold.
- 52 institutional investors held First Trust California Municipal High income ETF (FCAL) as of Q1 2024, down from 53 in Q4 2023.
- Funds reported $161M of First Trust California Municipal High income ETF stock for Q1 2024, up 20% quarter-over-quarter.
- 8 funds opened new First Trust California Municipal High income ETF positions in Q1 2024 and 9 closed out, a net change of -1 holder.
- The largest First Trust California Municipal High income ETF buyer in Q1 2024 was Miracle Mile Advisors, an estimated $15.5M added.
- The largest First Trust California Municipal High income ETF seller in Q1 2024 was Rockefeller Capital Management, an estimated $7.91M sold.
Based on aggregated 13F filings for Q1 2024.