First Trust Enhanced Equity Income Fund
FFA
46 hedge funds and large institutions have $89.2M invested in First Trust Enhanced Equity Income Fund in 2017 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 19 increasing their positions, 6 reducing their positions, and 8 closing their positions.
217% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 6
8% more capital invested
Capital invested by funds: $82.9M → $89.2M (+$6.29M)
0.2% more ownership
Funds ownership: 30.72% → 30.92% (+0.2%)
8% less funds holding
Funds holding: 50 → 46 (-4)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$1.51M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.07M |
| 3 |
Morgan Stanley
New York
|
+$926K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$670K |
| 5 |
BC
Brinker Capital
Berwyn,
Pennsylvania
|
+$609K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$1.73M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.4M |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$1.03M |
| 4 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$769K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$586K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Baird Financial Group
Milwaukee,
Wisconsin
| – | -$160K | -11,807 | Closed |
|
|
CPIG
52
Chicago Partners Investment Group
Chicago,
Illinois
| – | -$14K | -1,000 | Closed |
|
|
AF
53
Allworth Financial
Folsom,
California
| – | -$2K | -183 | Closed |
|
|
MA
54
MUFG Americas
New York
| – | +$324 | +23 | New |
|
FFA Hedge Fund Activity: Q1 2017 in Review
46 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q1 2017, worth a combined $89.2M — up 7.6% from $82.9M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FFA and 5 opened new positions — a net loss of 3 holders — while 6 trimmed existing stakes and 19 added.
The largest buyer was Bulldog Investors, adding an estimated $1.51M. The largest seller was Icon Advisers, exiting entirely with an estimated $1.73M sold.
- 46 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q1 2017, down from 50 in Q4 2016.
- Funds reported $89.2M of First Trust Enhanced Equity Income Fund stock for Q1 2017, up 7.6% quarter-over-quarter.
- 5 funds opened new First Trust Enhanced Equity Income Fund positions in Q1 2017 and 8 closed out, a net change of -3 holders.
- The largest First Trust Enhanced Equity Income Fund buyer in Q1 2017 was Bulldog Investors, an estimated $1.51M added.
- The largest First Trust Enhanced Equity Income Fund seller in Q1 2017 was Icon Advisers, an estimated $1.73M sold.
Based on aggregated 13F filings for Q1 2017.