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First Trust California Municipal High income ETF

54 hedge funds and large institutions have $182M invested in First Trust California Municipal High income ETF in 2024 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 33 increasing their positions, 8 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

313% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 8

67% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 3

13% more capital invested

Capital invested by funds: $161M → $182M (+$20.3M)

4% more funds holding

Funds holding: 5254 (+2)

0.98% more ownership

Funds ownership: 73.85%74.83% (+0.98%)

Holders
54
Holders Change
+2
Holders Change %
+3.85%
% of All Funds
0.78%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
5
Increased
33
Reduced
8
Closed
3
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
MMA
1
Miracle Mile Advisors
California
$85M +$19.1M +386,980 +29%
LPL Financial
2
LPL Financial
California
$32.9M +$4.09M +82,860 +14%
Morgan Stanley
3
Morgan Stanley
New York
$10.3M +$781K +15,840 +8%
Royal Bank of Canada
4
Royal Bank of Canada
Ontario, Canada
$5.13M +$1.16M +23,450 +29%
CBB
5
Citizens Business Bank
California
$4.85M +$393K +7,961 +9%
WIM
6
Westside Investment Management
California
$4.45M +$201K +4,080 +5%
SEP
7
Southland Equity Partners
Missouri
$3.53M +$749K +15,173 +27%
Mariner
8
Mariner
Kansas
$3.05M +$1.15M +23,396 +61%
Cetera Investment Advisers
9
Cetera Investment Advisers
Illinois
$2.12M +$313K +6,350 +17%
Osaic Holdings
10
Osaic Holdings
Arizona
$1.82M +$307K +6,221 +20%
UBS Group
11
UBS Group
Switzerland
$1.66M +$84.3K +1,709 +5%
OMC
12
Old Mission Capital
Illinois
$1.64M +$1.64M +33,183 New
RPCA
13
Running Point Capital Advisors
California
$1.54M +$7.01K +142 +0.5%
IP
14
Ignite Planners
California
$1.53M +$1.53M +30,971 New
MFG
15
Magnus Financial Group
New York
$1.44M +$7.2K +146 +0.5%
MA
16
Mutual Advisors
Nebraska
$1.42M -$49.1K -995 -3%
CCG
17
Catalina Capital Group
California
$1.31M -$270K -5,464 -17%
IIA
18
Integral Investment Advisors
California
$1.15M +$76.3K +1,547 +7%
NIWA
19
New Insight Wealth Advisors
California
$1.15M +$178K +3,610 +18%
Jane Street
20
Jane Street
New York
$1.12M -$1.62M -32,837 -59%
T
21
Tidemark
California
$1.06M -$254K -5,140 -19%
Cambridge Investment Research Advisors
22
Cambridge Investment Research Advisors
Iowa
$1.06M +$2.42K +49 +0.2%
MF
23
Manchester Financial
California
$1.05M
Envestnet Asset Management
24
Envestnet Asset Management
Illinois
$1.04M +$42.5K +862 +4%
FA
25
Flagstar Advisors
New York
$970K +$7.15K +145 +0.7%

FCAL Hedge Fund Activity: Q2 2024 in Review

54 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in First Trust California Municipal High income ETF (FCAL) for Q2 2024, worth a combined $182M — up 13% from $161M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new FCAL positions and 3 closed out — a net gain of 2 holders — while 33 added to existing stakes and 8 trimmed.

The largest buyer was Miracle Mile Advisors, adding an estimated $19.1M. The largest seller was Goldman Sachs, exiting entirely with an estimated $5.62M sold.

  • 54 institutional investors held First Trust California Municipal High income ETF (FCAL) as of Q2 2024, up from 52 in Q1 2024.
  • Funds reported $182M of First Trust California Municipal High income ETF stock for Q2 2024, up 13% quarter-over-quarter.
  • 5 funds opened new First Trust California Municipal High income ETF positions in Q2 2024 and 3 closed out, a net change of +2 holders.
  • The largest First Trust California Municipal High income ETF buyer in Q2 2024 was Miracle Mile Advisors, an estimated $19.1M added.
  • The largest First Trust California Municipal High income ETF seller in Q2 2024 was Goldman Sachs, an estimated $5.62M sold.

Based on aggregated 13F filings for Q2 2024.