First Trust Enhanced Equity Income Fund
FFA
48 hedge funds and large institutions have $89.3M invested in First Trust Enhanced Equity Income Fund in 2020 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 18 increasing their positions, 12 reducing their positions, and 3 closing their positions.
200% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 3
50% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 12
12% more funds holding
Funds holding: 43 → 48 (+5)
6% more capital invested
Capital invested by funds: $84.6M → $89.3M (+$4.69M)
0.44% more ownership
Funds ownership: 29.08% → 29.53% (+0.44%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$934K |
| 2 |
Invesco
Atlanta,
Georgia
|
+$761K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$539K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$388K |
| 5 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
+$260K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$835K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$665K |
| 3 |
Morgan Stanley
New York
|
-$260K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$218K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$216K |
FFA Hedge Fund Activity: Q3 2020 in Review
48 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q3 2020, worth a combined $89.3M — up 5.5% from $84.6M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new FFA positions and 3 closed out — a net gain of 6 holders — while 18 added to existing stakes and 12 trimmed.
The largest buyer was Shaker Financial Services, adding an estimated $934K. The largest seller was Raymond James & Associates, cutting an estimated $835K.
- 48 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q3 2020, up from 43 in Q2 2020.
- Funds reported $89.3M of First Trust Enhanced Equity Income Fund stock for Q3 2020, up 5.5% quarter-over-quarter.
- 9 funds opened new First Trust Enhanced Equity Income Fund positions in Q3 2020 and 3 closed out, a net change of +6 holders.
- The largest First Trust Enhanced Equity Income Fund buyer in Q3 2020 was Shaker Financial Services, an estimated $934K added.
- The largest First Trust Enhanced Equity Income Fund seller in Q3 2020 was Raymond James & Associates, an estimated $835K sold.
Based on aggregated 13F filings for Q3 2020.