First Trust Enhanced Equity Income Fund
FFA
41 hedge funds and large institutions have $81.1M invested in First Trust Enhanced Equity Income Fund in 2016 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 14 increasing their positions, 13 reducing their positions, and 8 closing their positions.
8% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 13
2% less capital invested
Capital invested by funds: $82.4M → $81.1M (-$1.32M)
1.07% less ownership
Funds ownership: 31.44% → 30.38% (-1.1%)
13% less funds holding
Funds holding: 47 → 41 (-6)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
+$1.99M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.78M |
| 3 |
EDRIA
Edmonds Duncan Registered Investment Advisors
Lawrence,
Kansas
|
+$764K |
| 4 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$589K |
| 5 |
SKK
Shepherd Kaplan Krochuk
Boston,
Massachusetts
|
+$152K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$2.54M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.22M |
| 3 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$916K |
| 4 |
Morgan Stanley
New York
|
-$724K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$533K |
FFA Hedge Fund Activity: Q3 2016 in Review
41 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q3 2016, worth a combined $81.1M — down 1.6% from $82.4M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FFA and 4 opened new positions — a net loss of 4 holders — while 13 trimmed existing stakes and 14 added.
The largest buyer was Arete Wealth Advisors, opening a new position worth an estimated $1.99M. The largest seller was Citigroup, exiting entirely with an estimated $2.54M sold.
- 41 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q3 2016, down from 47 in Q2 2016.
- Funds reported $81.1M of First Trust Enhanced Equity Income Fund stock for Q3 2016, down 1.6% quarter-over-quarter.
- 4 funds opened new First Trust Enhanced Equity Income Fund positions in Q3 2016 and 8 closed out, a net change of -4 holders.
- The largest First Trust Enhanced Equity Income Fund buyer in Q3 2016 was Arete Wealth Advisors, an estimated $1.99M added.
- The largest First Trust Enhanced Equity Income Fund seller in Q3 2016 was Citigroup, an estimated $2.54M sold.
Based on aggregated 13F filings for Q3 2016.