First Trust Enhanced Equity Income Fund
FFA
48 hedge funds and large institutions have $92.4M invested in First Trust Enhanced Equity Income Fund in 2017 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 13 increasing their positions, 15 reducing their positions, and 11 closing their positions.
6% more capital invested
Capital invested by funds: $87M → $92.4M (+$5.37M)
2% more funds holding
Funds holding: 47 → 48 (+1)
9% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 11
0.35% less ownership
Funds ownership: 28.92% → 28.57% (-0.35%)
13% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.31M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.16M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.04M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$744K |
| 5 |
Morgan Stanley
New York
|
+$634K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$6.06M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$1.05M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$940K |
| 4 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$728K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$650K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
Bank of Nova Scotia
Toronto,
Ontario, Canada
| – | -$728K | -48,398 | Closed |
|
|
SFS
52
Shaker Financial Services
Arlington,
Virginia
| – | -$650K | -43,210 | Closed |
|
|
LCM
53
Laurion Capital Management
New York
| – | -$613K | -40,746 | Closed |
|
|
BC
54
Brinker Capital
Berwyn,
Pennsylvania
| – | -$548K | -36,398 | Closed |
|
|
CRC
55
Curi RMB Capital
Chicago,
Illinois
| – | -$191K | -12,698 | Closed |
|
|
OC
56
Oppenheimer & Co
New York
| – | -$158K | -10,523 | Closed |
|
|
IH
57
IFC Holdings
Tampa,
Florida
| – | -$155K | -10,353 | Closed |
|
|
MPWT
58
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| – | -$104K | -6,911 | Closed |
|
59
Citigroup
New York
| – | -$13K | -890 | Closed |
|
FFA Hedge Fund Activity: Q4 2017 in Review
48 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q4 2017, worth a combined $92.4M — up 6.2% from $87M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new FFA positions and 11 closed out — a net gain of 1 holder — while 13 added to existing stakes and 15 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $1.31M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $6.06M sold.
- 48 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q4 2017, up from 47 in Q3 2017.
- Funds reported $92.4M of First Trust Enhanced Equity Income Fund stock for Q4 2017, up 6.2% quarter-over-quarter.
- 12 funds opened new First Trust Enhanced Equity Income Fund positions in Q4 2017 and 11 closed out, a net change of +1 holder.
- The largest First Trust Enhanced Equity Income Fund buyer in Q4 2017 was Guggenheim Capital, an estimated $1.31M added.
- The largest First Trust Enhanced Equity Income Fund seller in Q4 2017 was Karpus Investment Management, an estimated $6.06M sold.
Based on aggregated 13F filings for Q4 2017.