First Trust Enhanced Equity Income Fund
FFA
51 hedge funds and large institutions have $75.8M invested in First Trust Enhanced Equity Income Fund in 2015 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 20 increasing their positions, 12 reducing their positions, and 2 closing their positions.
600% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 2
67% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 12
31% more funds holding
Funds holding: 39 → 51 (+12)
19% more capital invested
Capital invested by funds: $63.5M → $75.8M (+$12.3M)
3.18% more ownership
Funds ownership: 25.59% → 28.77% (+3.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$5.01M |
| 2 |
Citigroup
New York
|
+$2.32M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$2M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.31M |
| 5 |
LPL Financial
San Diego,
California
|
+$956K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$3.78M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$2.18M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$2.02M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$714K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$544K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
US Bancorp
Minneapolis,
Minnesota
| $3K | +$3.34K | +250 | New |
|
|
GC
52
Guggenheim Capital
Chicago,
Illinois
| – | -$714K | -57,507 | Closed |
|
|
WAM
53
Wolverine Asset Management
Chicago,
Illinois
| – | -$209K | -16,906 | Closed |
|
FFA Hedge Fund Activity: Q4 2015 in Review
51 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q4 2015, worth a combined $75.8M — up 19% from $63.5M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new FFA positions and 2 closed out — a net gain of 12 holders — while 20 added to existing stakes and 12 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $5.01M. The largest seller was Advisors Asset Management, cutting an estimated $3.78M.
- 51 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q4 2015, up from 39 in Q3 2015.
- Funds reported $75.8M of First Trust Enhanced Equity Income Fund stock for Q4 2015, up 19% quarter-over-quarter.
- 14 funds opened new First Trust Enhanced Equity Income Fund positions in Q4 2015 and 2 closed out, a net change of +12 holders.
- The largest First Trust Enhanced Equity Income Fund buyer in Q4 2015 was Karpus Investment Management, an estimated $5.01M added.
- The largest First Trust Enhanced Equity Income Fund seller in Q4 2015 was Advisors Asset Management, an estimated $3.78M sold.
Based on aggregated 13F filings for Q4 2015.