First Trust Enhanced Equity Income Fund
FFA
60 hedge funds and large institutions have $92.1M invested in First Trust Enhanced Equity Income Fund in 2022 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 19 increasing their positions, 20 reducing their positions, and 7 closing their positions.
86% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 7
10% more capital invested
Capital invested by funds: $83.3M → $92.1M (+$8.74M)
7% more funds holding
Funds holding: 56 → 60 (+4)
0.85% more ownership
Funds ownership: 28.39% → 29.24% (+0.85%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
5% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.32M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$660K |
| 3 |
OWA
Opal Wealth Advisors
Jericho,
New York
|
+$628K |
| 4 |
Morgan Stanley
New York
|
+$477K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$470K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.58M |
| 2 |
Rockefeller Capital Management
New York
|
-$1.24M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$822K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$221K |
| 5 |
IFWM
Institute for Wealth Management
Denver,
Colorado
|
-$149K |
FFA Hedge Fund Activity: Q4 2022 in Review
60 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q4 2022, worth a combined $92.1M — up 10% from $83.3M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new FFA positions and 7 closed out — a net gain of 6 holders — while 19 added to existing stakes and 20 trimmed.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $4.32M. The largest seller was Envestnet Asset Management, cutting an estimated $1.58M.
- 60 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q4 2022, up from 56 in Q3 2022.
- Funds reported $92.1M of First Trust Enhanced Equity Income Fund stock for Q4 2022, up 10% quarter-over-quarter.
- 13 funds opened new First Trust Enhanced Equity Income Fund positions in Q4 2022 and 7 closed out, a net change of +6 holders.
- The largest First Trust Enhanced Equity Income Fund buyer in Q4 2022 was Karpus Investment Management, an estimated $4.32M added.
- The largest First Trust Enhanced Equity Income Fund seller in Q4 2022 was Envestnet Asset Management, an estimated $1.58M sold.
Based on aggregated 13F filings for Q4 2022.