First Trust Enhanced Equity Income Fund
FFA
47 hedge funds and large institutions have $82.4M invested in First Trust Enhanced Equity Income Fund in 2016 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 17 reducing their positions, and 9 closing their positions.
3% more capital invested
Capital invested by funds: $79.8M → $82.4M (+$2.54M)
0.07% more ownership
Funds ownership: 31.37% → 31.44% (+0.07%)
6% less funds holding
Funds holding: 50 → 47 (-3)
29% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 17
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.71M |
| 2 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$1.55M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.21M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$505K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$337K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.63M |
| 2 |
LPL Financial
San Diego,
California
|
-$941K |
| 3 |
Citigroup
New York
|
-$645K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$618K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$515K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BFM
51
Boothbay Fund Management
New York
| – | -$199K | -15,609 | Closed |
|
52
SG Americas Securities
New York
| – | -$190K | -14,920 | Closed |
|
|
TC
53
TFS Capital
West Chester,
Pennsylvania
| – | -$147K | -11,521 | Closed |
|
|
SBL
54
Sargent Bickham Lagudis
Boulder,
Colorado
| – | -$75K | -5,850 | Closed |
|
|
TRCT
55
Tower Research Capital (TRC)
New York
| – | -$34K | -2,697 | Closed |
|
|
FAM
56
Formidable Asset Management
Cincinnati,
Ohio
| – | -$12K | -950 | Closed |
|
FFA Hedge Fund Activity: Q2 2016 in Review
47 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q2 2016, worth a combined $82.4M — up 3.2% from $79.8M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FFA and 6 opened new positions — a net loss of 3 holders — while 17 trimmed existing stakes and 12 added.
The largest buyer was Morgan Stanley, adding an estimated $1.71M. The largest seller was Shaker Financial Services, cutting an estimated $1.63M.
- 47 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q2 2016, down from 50 in Q1 2016.
- Funds reported $82.4M of First Trust Enhanced Equity Income Fund stock for Q2 2016, up 3.2% quarter-over-quarter.
- 6 funds opened new First Trust Enhanced Equity Income Fund positions in Q2 2016 and 9 closed out, a net change of -3 holders.
- The largest First Trust Enhanced Equity Income Fund buyer in Q2 2016 was Morgan Stanley, an estimated $1.71M added.
- The largest First Trust Enhanced Equity Income Fund seller in Q2 2016 was Shaker Financial Services, an estimated $1.63M sold.
Based on aggregated 13F filings for Q2 2016.