First Trust Enhanced Equity Income Fund
FFA
51 hedge funds and large institutions have $89.3M invested in First Trust Enhanced Equity Income Fund in 2017 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 15 increasing their positions, 14 reducing their positions, and 6 closing their positions.
83% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 6
11% more funds holding
Funds holding: 46 → 51 (+5)
7% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 14
0% more capital invested
Capital invested by funds: $89.2M → $89.3M (+$80.5K)
0.96% less ownership
Funds ownership: 30.92% → 29.96% (-0.96%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$2.29M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.32M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.23M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$792K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$666K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$8.56M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.06M |
| 3 |
LPL Financial
San Diego,
California
|
-$627K |
| 4 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$347K |
| 5 |
SKK
Shepherd Kaplan Krochuk
Boston,
Massachusetts
|
-$347K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
LPL Financial
San Diego,
California
| – | -$627K | -43,332 | Closed |
|
|
SKK
52
Shepherd Kaplan Krochuk
Boston,
Massachusetts
| – | -$347K | -24,000 | Closed |
|
|
MGAM
53
McGowan Group Asset Management
Dallas,
Texas
| – | -$321K | -22,244 | Closed |
|
|
CWM
54
Concert Wealth Management
San Jose,
California
| – | -$158K | -11,767 | Closed |
|
55
US Bancorp
Minneapolis,
Minnesota
| – | -$4K | -250 | Closed |
|
|
AA
56
Apriem Advisors
Irvine,
California
| – | -$3K | -225 | Closed |
|
FFA Hedge Fund Activity: Q2 2017 in Review
51 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q2 2017, worth a combined $89.3M — up 0.09% from $89.2M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FFA positions and 6 closed out — a net gain of 5 holders — while 15 added to existing stakes and 14 trimmed.
The largest buyer was Laurion Capital Management, opening a new position worth an estimated $2.29M. The largest seller was Karpus Investment Management, cutting an estimated $8.56M.
- 51 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q2 2017, up from 46 in Q1 2017.
- Funds reported $89.3M of First Trust Enhanced Equity Income Fund stock for Q2 2017, up 0.09% quarter-over-quarter.
- 11 funds opened new First Trust Enhanced Equity Income Fund positions in Q2 2017 and 6 closed out, a net change of +5 holders.
- The largest First Trust Enhanced Equity Income Fund buyer in Q2 2017 was Laurion Capital Management, an estimated $2.29M added.
- The largest First Trust Enhanced Equity Income Fund seller in Q2 2017 was Karpus Investment Management, an estimated $8.56M sold.
Based on aggregated 13F filings for Q2 2017.