First Trust Enhanced Equity Income Fund
FFA
61 hedge funds and large institutions have $93.5M invested in First Trust Enhanced Equity Income Fund in 2023 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 23 increasing their positions, 18 reducing their positions, and 6 closing their positions.
28% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 18
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
2% more funds holding
Funds holding: 60 → 61 (+1)
2% more capital invested
Capital invested by funds: $92.1M → $93.5M (+$1.39M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.77% less ownership
Funds ownership: 29.24% → 28.47% (-0.77%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
+$1.8M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.35M |
| 3 |
SWM
Spire Wealth Management
Mclean,
Virginia
|
+$416K |
| 4 |
Morgan Stanley
New York
|
+$358K |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
+$196K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$3.41M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.81M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$1.24M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.02M |
| 5 |
EC
Elequin Capital
New York
|
-$99.6K |
FFA Hedge Fund Activity: Q1 2023 in Review
61 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q1 2023, worth a combined $93.5M — up 1.5% from $92.1M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FFA positions and 6 closed out — a net gain of 1 holder — while 23 added to existing stakes and 18 trimmed.
The largest buyer was Integrated Wealth Concepts, opening a new position worth an estimated $1.8M. The largest seller was Shaker Financial Services, cutting an estimated $3.41M.
- 61 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q1 2023, up from 60 in Q4 2022.
- Funds reported $93.5M of First Trust Enhanced Equity Income Fund stock for Q1 2023, up 1.5% quarter-over-quarter.
- 7 funds opened new First Trust Enhanced Equity Income Fund positions in Q1 2023 and 6 closed out, a net change of +1 holder.
- The largest First Trust Enhanced Equity Income Fund buyer in Q1 2023 was Integrated Wealth Concepts, an estimated $1.8M added.
- The largest First Trust Enhanced Equity Income Fund seller in Q1 2023 was Shaker Financial Services, an estimated $3.41M sold.
Based on aggregated 13F filings for Q1 2023.