First Trust Enhanced Equity Income Fund
FFA
47 hedge funds and large institutions have $87M invested in First Trust Enhanced Equity Income Fund in 2017 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 18 increasing their positions, 16 reducing their positions, and 8 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 16
3% less capital invested
Capital invested by funds: $89.3M → $87M (-$2.28M)
1.04% less ownership
Funds ownership: 29.96% → 28.92% (-1%)
8% less funds holding
Funds holding: 51 → 47 (-4)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EDRIA
Edmonds Duncan Registered Investment Advisors
Lawrence,
Kansas
|
+$1.06M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$969K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$874K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$729K |
| 5 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$723K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$4.83M |
| 2 |
LCM
Laurion Capital Management
New York
|
-$1.72M |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$687K |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$457K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$423K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
51
Wolverine Asset Management
Chicago,
Illinois
| – | -$35K | -2,400 | Closed |
|
52
Creative Planning
Overland Park,
Kansas
| – | -$7K | -500 | Closed |
|
|
SFG
53
SevenBridge Financial Group
Harrisburg,
Pennsylvania
| – | -$7K | -464 | Closed |
|
|
QAM
54
QCI Asset Management
Pittsford,
New York
| – | -$5K | -350 | Closed |
|
FFA Hedge Fund Activity: Q3 2017 in Review
47 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q3 2017, worth a combined $87M — down 2.6% from $89.3M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FFA and 4 opened new positions — a net loss of 4 holders — while 16 trimmed existing stakes and 18 added.
The largest buyer was Edmonds Duncan Registered Investment Advisors, adding an estimated $1.06M. The largest seller was Karpus Investment Management, cutting an estimated $4.83M.
- 47 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q3 2017, down from 51 in Q2 2017.
- Funds reported $87M of First Trust Enhanced Equity Income Fund stock for Q3 2017, down 2.6% quarter-over-quarter.
- 4 funds opened new First Trust Enhanced Equity Income Fund positions in Q3 2017 and 8 closed out, a net change of -4 holders.
- The largest First Trust Enhanced Equity Income Fund buyer in Q3 2017 was Edmonds Duncan Registered Investment Advisors, an estimated $1.06M added.
- The largest First Trust Enhanced Equity Income Fund seller in Q3 2017 was Karpus Investment Management, an estimated $4.83M sold.
Based on aggregated 13F filings for Q3 2017.