First Trust Enhanced Equity Income Fund
FFA
50 hedge funds and large institutions have $79.8M invested in First Trust Enhanced Equity Income Fund in 2016 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 17 reducing their positions, and 6 closing their positions.
5% more capital invested
Capital invested by funds: $75.8M → $79.8M (+$4.01M)
2.6% more ownership
Funds ownership: 28.77% → 31.37% (+2.6%)
6% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 17
2% less funds holding
Funds holding: 51 → 50 (-1)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$10.3M |
| 2 |
Citigroup
New York
|
+$626K |
| 3 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$568K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$388K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$248K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$3.53M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$951K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$582K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$289K |
| 5 |
SG Americas Securities
New York
|
-$258K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Squarepoint
New York
| – | -$252K | -19,100 | Closed |
|
|
WAM
52
Weiss Asset Management
Boston,
Massachusetts
| – | -$218K | -16,482 | Closed |
|
|
VKH
53
Virtu KCG Holdings
New York
| – | -$154K | -11,674 | Closed |
|
54
Envestnet Asset Management
Chicago,
Illinois
| – | -$62K | -4,722 | Closed |
|
55
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$58K | -4,420 | Closed |
|
56
First Manhattan
New York
| – | -$14K | -1,099 | Closed |
|
FFA Hedge Fund Activity: Q1 2016 in Review
50 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q1 2016, worth a combined $79.8M — up 5.3% from $75.8M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FFA and 5 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 18 added.
The largest buyer was Karpus Investment Management, adding an estimated $10.3M. The largest seller was Advisors Asset Management, cutting an estimated $3.53M.
- 50 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q1 2016, down from 51 in Q4 2015.
- Funds reported $79.8M of First Trust Enhanced Equity Income Fund stock for Q1 2016, up 5.3% quarter-over-quarter.
- 5 funds opened new First Trust Enhanced Equity Income Fund positions in Q1 2016 and 6 closed out, a net change of -1 holder.
- The largest First Trust Enhanced Equity Income Fund buyer in Q1 2016 was Karpus Investment Management, an estimated $10.3M added.
- The largest First Trust Enhanced Equity Income Fund seller in Q1 2016 was Advisors Asset Management, an estimated $3.53M sold.
Based on aggregated 13F filings for Q1 2016.