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FFA

First Trust Enhanced Equity Income Fund
FFA

37 hedge funds and large institutions have $53.4M invested in First Trust Enhanced Equity Income Fund in 2013 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 6 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

233% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 6

150% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 2

9% more funds holding

Funds holding: 34 → 37 (+3)

7% more capital invested

Capital invested by funds: $49.9M → $53.4M (+$3.48M)

1.16% more ownership

Funds ownership: 19.89% → 21.05% (+1.2%)

Holders
37
Holders Change
+3
Holders Change %
+8.82%
% of All Funds
1.2%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
5
Increased
20
Reduced
6
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WAM
Wolverine Asset Management
Illinois
+$921K
2
Morgan Stanley
Morgan Stanley
New York
+$767K
3
KIM
Karpus Investment Management
New York
+$696K
4
DA
Doliver Advisors
Texas
+$487K
5
TC
TFS Capital
Pennsylvania
+$354K

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$674K
2
NSIM
North Star Investment Management
Illinois
-$447K
3
AAM
Advisors Asset Management
Colorado
-$241K
4
GC
Guggenheim Capital
Illinois
-$173K
5
WC
Whitnell & Co
Illinois
-$44K
Name Holding Trade Value Shares
Change 		Change in
Stake
SKK
26
Shepherd Kaplan Krochuk
Massachusetts
$126K – – –
TJHA
27
Thomas J. Herzfeld Advisors
Florida
$121K +$281 +22 +0.2%
Northwestern Mutual Wealth Management
28
Northwestern Mutual Wealth Management
Wisconsin
$85K +$7.1K +556 +9%
BAM
29
Barrett Asset Management
New York
$80K – – –
TCOV
30
Trust Company of Vermont
Vermont
$73K -$20.5K -1,605 -21%
TRCT
31
Tower Research Capital (TRC)
New York
$66K +$67K +5,250 +10,500%
PNC Financial Services Group
32
PNC Financial Services Group
Pennsylvania
$56K +$6.38K +500 +13%
Deutsche Bank
33
Deutsche Bank
Germany
$21K +$21.7K +1,700 New
AIG
34
American International Group
New York
$15K +$1.6K +125 +11%
Ameriprise
35
Ameriprise
Minnesota
$11K +$511 +40 +5%
EFSCE
36
Enterprise Financial Services Corp (EFSC)
Missouri
$9K – – –
LTFS
37
Ladenburg Thalmann Financial Services
Florida
$4K – – –
WC
38
Whitnell & Co
Illinois
– -$44K -3,500 Closed
MFS
39
MSI Financial Services
Massachusetts
– -$1K -100 Closed
1
2

FFA Hedge Fund Activity: Q3 2013 in Review

37 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q3 2013, worth a combined $53.4M — up 7% from $49.9M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new FFA positions and 2 closed out — a net gain of 3 holders — while 20 added to existing stakes and 6 trimmed.

The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $921K. The largest seller was Invesco, cutting an estimated $674K.

  • 37 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q3 2013, up from 34 in Q2 2013.
  • Funds reported $53.4M of First Trust Enhanced Equity Income Fund stock for Q3 2013, up 7% quarter-over-quarter.
  • 5 funds opened new First Trust Enhanced Equity Income Fund positions in Q3 2013 and 2 closed out, a net change of +3 holders.
  • The largest First Trust Enhanced Equity Income Fund buyer in Q3 2013 was Wolverine Asset Management, an estimated $921K added.
  • The largest First Trust Enhanced Equity Income Fund seller in Q3 2013 was Invesco, an estimated $674K sold.

Based on aggregated 13F filings for Q3 2013.