First Trust Enhanced Equity Income Fund
FFA
43 hedge funds and large institutions have $84.6M invested in First Trust Enhanced Equity Income Fund in 2020 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 11 increasing their positions, 14 reducing their positions, and 5 closing their positions.
100% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 5
30% more capital invested
Capital invested by funds: $64.9M → $84.6M (+$19.7M)
13% more funds holding
Funds holding: 38 → 43 (+5)
3.31% more ownership
Funds ownership: 25.77% → 29.08% (+3.3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
21% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$7.89M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$2.14M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$953K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$774K |
| 5 |
Morgan Stanley
New York
|
+$577K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$3M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$497K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$427K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$353K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$280K |
FFA Hedge Fund Activity: Q2 2020 in Review
43 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q2 2020, worth a combined $84.6M — up 30% from $64.9M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new FFA positions and 5 closed out — a net gain of 5 holders — while 11 added to existing stakes and 14 trimmed.
The largest buyer was Raymond James Financial Services Advisors, opening a new position worth an estimated $7.89M. The largest seller was Guggenheim Capital, cutting an estimated $3M.
- 43 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q2 2020, up from 38 in Q1 2020.
- Funds reported $84.6M of First Trust Enhanced Equity Income Fund stock for Q2 2020, up 30% quarter-over-quarter.
- 10 funds opened new First Trust Enhanced Equity Income Fund positions in Q2 2020 and 5 closed out, a net change of +5 holders.
- The largest First Trust Enhanced Equity Income Fund buyer in Q2 2020 was Raymond James Financial Services Advisors, an estimated $7.89M added.
- The largest First Trust Enhanced Equity Income Fund seller in Q2 2020 was Guggenheim Capital, an estimated $3M sold.
Based on aggregated 13F filings for Q2 2020.