First Trust Enhanced Equity Income Fund
FFA
33 hedge funds and large institutions have $66.3M invested in First Trust Enhanced Equity Income Fund in 2014 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 6 reducing their positions, and 4 closing their positions.
133% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 6
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
3% more funds holding
Funds holding: 32 → 33 (+1)
0.42% more ownership
Funds ownership: 22.8% → 23.22% (+0.42%)
1% less capital invested
Capital invested by funds: $67.2M → $66.3M (-$881K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$2.6M |
| 2 |
Morgan Stanley
New York
|
+$731K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$492K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$385K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$356K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$1.47M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.29M |
| 3 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$863K |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$699K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$422K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $23K | -$1.96K | -135 | -8% |
|
|
TRCT
27
Tower Research Capital (TRC)
New York
| $20K | +$5.8K | +400 | +40% |
|
28
Envestnet Asset Management
Chicago,
Illinois
| $16K | +$16K | +1,106 | New |
|
|
BAM
29
Barrett Asset Management
New York
| $14K | -$11.6K | -800 | -44% |
|
|
EFSCE
30
Enterprise Financial Services Corp (EFSC)
Clayton,
Missouri
| $10K | – | – | – |
|
|
WA
31
WFG Advisors
Dallas,
Texas
| $4K | – | – | – |
|
|
GSC
32
Ground Swell Capital
Folly Beach,
South Carolina
| $2K | +$1.6K | +110 | New |
|
|
MPWT
33
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| $614 | +$624 | +43 | New |
|
|
FAAS
34
First Allied Advisory Services
San Diego,
California
| – | -$863K | -59,854 | Closed |
|
|
35
AQR Capital Management
Greenwich,
Connecticut
| – | -$699K | -48,336 | Closed |
|
|
BTS
36
BB&T Securities
Richmond,
Virginia
| – | -$1.47M | -10,168 | Closed |
|
|
BRWA
37
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$7.36K | -509 | Closed |
|
FFA Hedge Fund Activity: Q3 2014 in Review
33 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q3 2014, worth a combined $66.3M — down 1.3% from $67.2M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FFA positions and 4 closed out — a net gain of 1 holder — while 14 added to existing stakes and 6 trimmed.
The largest buyer was Invesco, adding an estimated $2.6M. The largest seller was BB&T Securities, exiting entirely with an estimated $1.47M sold.
- 33 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q3 2014, up from 32 in Q2 2014.
- Funds reported $66.3M of First Trust Enhanced Equity Income Fund stock for Q3 2014, down 1.3% quarter-over-quarter.
- 5 funds opened new First Trust Enhanced Equity Income Fund positions in Q3 2014 and 4 closed out, a net change of +1 holder.
- The largest First Trust Enhanced Equity Income Fund buyer in Q3 2014 was Invesco, an estimated $2.6M added.
- The largest First Trust Enhanced Equity Income Fund seller in Q3 2014 was BB&T Securities, an estimated $1.47M sold.
Based on aggregated 13F filings for Q3 2014.