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FFA

First Trust Enhanced Equity Income Fund
FFA

47 hedge funds and large institutions have $106M invested in First Trust Enhanced Equity Income Fund in 2020 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 14 increasing their positions, 19 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

18% more capital invested

Capital invested by funds: $89.3M → $106M (+$16.3M)

0.45% more ownership

Funds ownership: 29.53% → 29.98% (+0.45%)

0% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 9

2% less funds holding

Funds holding: 48 → 47 (-1)

26% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 19

Holders
47
Holders Change
-1
Holders Change %
-2.08%
% of All Funds
0.83%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.05%
New
9
Increased
14
Reduced
19
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
+$990K
2
Invesco
Invesco
Georgia
+$628K
3
KIM
Karpus Investment Management
New York
+$625K
4
Morgan Stanley
Morgan Stanley
New York
+$518K
5
SFS
Shaker Financial Services
Virginia
+$372K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$924K
2
WAM
Wolverine Asset Management
Illinois
-$386K
3
RJA
Raymond James & Associates
Florida
-$353K
4
AAS
Avantax Advisory Services
Texas
-$259K
5
Ameriprise
Ameriprise
Minnesota
-$244K
Name Holding Trade Value Shares
Change 		Change in
Stake
LWAC
26
Laurel Wealth Advisors (California)
California
$268K -$1.85K -115 -0.8%
Cambridge Investment Research Advisors
27
Cambridge Investment Research Advisors
Iowa
$267K +$37.2K +2,316 +18%
WAP
28
Wealthcare Advisory Partners
Pennsylvania
$266K +$242K +15,075 New
KPWS
29
Kestra Private Wealth Services
Texas
$198K +$181K +11,245 New
IFWM
30
Institute for Wealth Management
Colorado
$197K -$1.28K -80 -0.7%
BFEC
31
Benjamin F. Edwards & Company
Missouri
$192K -$2.41K -150 -1%
Millennium Management
32
Millennium Management
New York
$185K +$169K +10,501 New
Bank of America
33
Bank of America
North Carolina
$170K +$2.12K +132 +1%
Carson Wealth (CWM LLC)
34
Carson Wealth (CWM LLC)
Nebraska
$106K – – –
SPIA
35
Steward Partners Investment Advisory
New York
$88K +$24.1K +1,500 +43%
Citigroup
36
Citigroup
New York
$81K +$61.8K +3,849 +534%
PB
37
Pinnacle Bancorp
Nebraska
$53K – – –
PNC Financial Services Group
38
PNC Financial Services Group
Pennsylvania
$46K – – –
GWM
39
Geneos Wealth Management
Colorado
$20K – – –
FCA
40
FinTrust Capital Advisors
South Carolina
$15K +$225 +14 +2%
FP
41
Fiduciary Planning
Florida
$14K +$209 +13 +2%
FF
42
FourThought Financial
Florida
$13K +$12.6K +784 New
ASN
43
Advisory Services Network
Georgia
$9K -$14.7K -913 -65%
PWA
44
Phoenix Wealth Advisors
North Carolina
$7K +$6.43K +400 New
KFI
45
Key Financial Inc
Pennsylvania
$4K +$3.5K +218 New
AWA
46
Arkadios Wealth Advisors
Georgia
$3K +$3.57K +222 New
D
47
Diversified
Delaware
$3K +$3.63K +226 New
WAM
48
Wolverine Asset Management
Illinois
– -$386K -25,548 Closed
AAS
49
Avantax Advisory Services
Texas
– -$259K -17,145 Closed
DA
50
Doliver Advisors
Texas
– -$192K -12,665 Closed
1
2
3

FFA Hedge Fund Activity: Q4 2020 in Review

47 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q4 2020, worth a combined $106M — up 18% from $89.3M a quarter earlier.

Fund positioning in FFA was balanced in Q4 2020: 9 funds opened new positions, 9 closed out, 14 added to existing stakes and 19 trimmed.

The largest buyer was Advisors Asset Management, adding an estimated $990K. The largest seller was Guggenheim Capital, cutting an estimated $924K.

  • 47 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q4 2020, down from 48 in Q3 2020.
  • Funds reported $106M of First Trust Enhanced Equity Income Fund stock for Q4 2020, up 18% quarter-over-quarter.
  • 9 funds opened new First Trust Enhanced Equity Income Fund positions in Q4 2020 and 9 closed out, a net change of 0 holders.
  • The largest First Trust Enhanced Equity Income Fund buyer in Q4 2020 was Advisors Asset Management, an estimated $990K added.
  • The largest First Trust Enhanced Equity Income Fund seller in Q4 2020 was Guggenheim Capital, an estimated $924K sold.

Based on aggregated 13F filings for Q4 2020.