First Trust Enhanced Equity Income Fund
FFA
35 hedge funds and large institutions have $71.4M invested in First Trust Enhanced Equity Income Fund in 2014 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 7 reducing their positions, and 4 closing their positions.
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
86% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 7
8% more capital invested
Capital invested by funds: $66.3M → $71.4M (+$5.11M)
6% more funds holding
Funds holding: 33 → 35 (+2)
1.7% more ownership
Funds ownership: 23.22% → 24.93% (+1.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$3.91M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$775K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$423K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
+$298K |
| 5 |
UR
USCA RIA
Houston,
Texas
|
+$289K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$701K |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$586K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$485K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$188K |
| 5 |
LPL Financial
San Diego,
California
|
-$167K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AF
26
Arrow Financial
Glens Falls,
New York
| $38K | +$38.5K | +2,666 | New |
|
27
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $30K | – | – | – |
|
28
Envestnet Asset Management
Chicago,
Illinois
| $18K | +$2.28K | +158 | +14% |
|
29
First Manhattan
New York
| $15K | -$21.4K | -1,480 | -57% |
|
|
CPIG
30
Chicago Partners Investment Group
Chicago,
Illinois
| $14K | +$14.5K | +1,000 | New |
|
|
EFSCE
31
Enterprise Financial Services Corp (EFSC)
Clayton,
Missouri
| $10K | – | – | – |
|
32
Citigroup
New York
| $9K | -$14.2K | -981 | -60% |
|
|
WA
33
WFG Advisors
Dallas,
Texas
| $4K | – | – | – |
|
34
Fifth Third Bancorp
Cincinnati,
Ohio
| $1K | +$1.19K | +82 | New |
|
|
BRWA
35
B. Riley Wealth Advisors
Boca Raton,
Florida
| $7 | +$7.36K | +509 | New |
|
|
SFS
36
Shaker Financial Services
Arlington,
Virginia
| – | -$485K | -33,910 | Closed |
|
|
TRCT
37
Tower Research Capital (TRC)
New York
| – | -$20.2K | -1,400 | Closed |
|
|
BAM
38
Barrett Asset Management
New York
| – | -$14K | -1,000 | Closed |
|
|
MPWT
39
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| – | -$614 | -43 | Closed |
|
FFA Hedge Fund Activity: Q4 2014 in Review
35 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q4 2014, worth a combined $71.4M — up 7.7% from $66.3M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FFA positions and 4 closed out — a net gain of 4 holders — while 13 added to existing stakes and 7 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $3.91M. The largest seller was Morgan Stanley, cutting an estimated $701K.
- 35 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q4 2014, up from 33 in Q3 2014.
- Funds reported $71.4M of First Trust Enhanced Equity Income Fund stock for Q4 2014, up 7.7% quarter-over-quarter.
- 8 funds opened new First Trust Enhanced Equity Income Fund positions in Q4 2014 and 4 closed out, a net change of +4 holders.
- The largest First Trust Enhanced Equity Income Fund buyer in Q4 2014 was Advisors Asset Management, an estimated $3.91M added.
- The largest First Trust Enhanced Equity Income Fund seller in Q4 2014 was Morgan Stanley, an estimated $701K sold.
Based on aggregated 13F filings for Q4 2014.