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FFA

First Trust Enhanced Equity Income Fund
FFA

49 hedge funds and large institutions have $86.5M invested in First Trust Enhanced Equity Income Fund in 2018 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 12 increasing their positions, 13 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 5

2% more funds holding

Funds holding: 48 → 49 (+1)

0.58% more ownership

Funds ownership: 28.57% → 29.15% (+0.58%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

8% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 13

6% less capital invested

Capital invested by funds: $92.4M → $86.5M (-$5.83M)

Holders
49
Holders Change
+1
Holders Change %
+2.08%
% of All Funds
1.12%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
7
Increased
12
Reduced
13
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SMG
Smart Money Group
Texas
+$2.51M
2
SFS
Shaker Financial Services
Virginia
+$2.16M
3
GC
Guggenheim Capital
Illinois
+$686K
4
DA
Doliver Advisors
Texas
+$512K
5
Stifel Financial
Stifel Financial
Missouri
+$439K

Top Sellers

Rank Fund Capital Flow
1
RJA
Raymond James & Associates
Florida
-$1.3M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$757K
3
Invesco
Invesco
Georgia
-$693K
4
Morgan Stanley
Morgan Stanley
New York
-$607K
5
Wells Fargo
Wells Fargo
California
-$605K
Name Holding Trade Value Shares
Change 		Change in
Stake
APA
26
American Portfolios Advisors
New York
$252K – – –
Bank of Montreal
27
Bank of Montreal
Ontario, Canada
$251K -$14.8K -950 -5%
BBPWM
28
Blue Bell Private Wealth Management
Pennsylvania
$220K -$111K -7,113 -32%
FMBTD
29
First Midwest Bank Trust Division
Illinois
$214K +$227K +14,500 New
IFWM
30
Institute for Wealth Management
Colorado
$209K – – –
VCM
31
Virtue Capital Management
Tennessee
$173K +$36.9K +2,363 +26%
WAM
32
Wolverine Asset Management
Illinois
$153K +$163K +10,419 New
BFEC
33
Benjamin F. Edwards & Company
Missouri
$104K +$105K +6,726 +2,057%
Carson Wealth (CWM LLC)
34
Carson Wealth (CWM LLC)
Nebraska
$66K +$1.31K +84 +2%
SWM
35
SeaCrest Wealth Management
New York
$55K – – –
PNC Financial Services Group
36
PNC Financial Services Group
Pennsylvania
$54K – – –
FIB
37
First Interstate Bank
Montana
$51K – – –
WAP
38
Wealthcare Advisory Partners
Pennsylvania
$31K – – –
MFW
39
Mosaic Family Wealth
Missouri
$19K – – –
US Bancorp
40
US Bancorp
Minnesota
$15K -$20.3K -1,300 -57%
CPIG
41
Chicago Partners Investment Group
Illinois
$15K – – –
SWP
42
Stratos Wealth Partners
Ohio
$13K – – –
CAC
43
Certified Advisory Corp
Florida
$12K – – –
GWM
44
Geneos Wealth Management
Colorado
$12K – – –
IA
45
IFP Advisors
Florida
$12K – – –
Northwestern Mutual Wealth Management
46
Northwestern Mutual Wealth Management
Wisconsin
$11K – – –
RFC
47
Regions Financial Corp
Alabama
$10K – – –
EFSCE
48
Enterprise Financial Services Corp (EFSC)
Missouri
$8K – – –
SFG
49
SevenBridge Financial Group
Pennsylvania
$7K – – –
CA
50
Cetera Advisors
Colorado
– -$319K -19,780 Closed
1
2
3

FFA Hedge Fund Activity: Q1 2018 in Review

49 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q1 2018, worth a combined $86.5M — down 6.3% from $92.4M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new FFA positions and 5 closed out — a net gain of 2 holders — while 12 added to existing stakes and 13 trimmed.

The largest buyer was Smart Money Group, opening a new position worth an estimated $2.51M. The largest seller was Raymond James & Associates, cutting an estimated $1.3M.

  • 49 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q1 2018, up from 48 in Q4 2017.
  • Funds reported $86.5M of First Trust Enhanced Equity Income Fund stock for Q1 2018, down 6.3% quarter-over-quarter.
  • 7 funds opened new First Trust Enhanced Equity Income Fund positions in Q1 2018 and 5 closed out, a net change of +2 holders.
  • The largest First Trust Enhanced Equity Income Fund buyer in Q1 2018 was Smart Money Group, an estimated $2.51M added.
  • The largest First Trust Enhanced Equity Income Fund seller in Q1 2018 was Raymond James & Associates, an estimated $1.3M sold.

Based on aggregated 13F filings for Q1 2018.