First Trust Enhanced Equity Income Fund
FFA
49 hedge funds and large institutions have $86.5M invested in First Trust Enhanced Equity Income Fund in 2018 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 12 increasing their positions, 13 reducing their positions, and 5 closing their positions.
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
2% more funds holding
Funds holding: 48 → 49 (+1)
0.58% more ownership
Funds ownership: 28.57% → 29.15% (+0.58%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 13
6% less capital invested
Capital invested by funds: $92.4M → $86.5M (-$5.83M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SMG
Smart Money Group
Eastland,
Texas
|
+$2.51M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$2.16M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$686K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
+$512K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$439K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.3M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$757K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$693K |
| 4 |
Morgan Stanley
New York
|
-$607K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$605K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RMC
51
Regis Management Company
Menlo Park,
California
| – | -$300K | -18,500 | Closed |
|
52
Millennium Management
New York
| – | -$241K | -14,894 | Closed |
|
|
CA
53
Calton & Associates
Tampa,
Florida
| – | -$18K | -1,168 | Closed |
|
|
ASN
54
Advisory Services Network
Atlanta,
Georgia
| – | -$10K | -647 | Closed |
|
FFA Hedge Fund Activity: Q1 2018 in Review
49 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q1 2018, worth a combined $86.5M — down 6.3% from $92.4M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FFA positions and 5 closed out — a net gain of 2 holders — while 12 added to existing stakes and 13 trimmed.
The largest buyer was Smart Money Group, opening a new position worth an estimated $2.51M. The largest seller was Raymond James & Associates, cutting an estimated $1.3M.
- 49 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q1 2018, up from 48 in Q4 2017.
- Funds reported $86.5M of First Trust Enhanced Equity Income Fund stock for Q1 2018, down 6.3% quarter-over-quarter.
- 7 funds opened new First Trust Enhanced Equity Income Fund positions in Q1 2018 and 5 closed out, a net change of +2 holders.
- The largest First Trust Enhanced Equity Income Fund buyer in Q1 2018 was Smart Money Group, an estimated $2.51M added.
- The largest First Trust Enhanced Equity Income Fund seller in Q1 2018 was Raymond James & Associates, an estimated $1.3M sold.
Based on aggregated 13F filings for Q1 2018.