First Trust Enhanced Equity Income Fund
FFA
47 hedge funds and large institutions have $75.5M invested in First Trust Enhanced Equity Income Fund in 2018 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 10 increasing their positions, 20 reducing their positions, and 11 closing their positions.
0.11% more ownership
Funds ownership: 29.15% → 29.26% (+0.11%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less funds holding
Funds holding: 51 → 47 (-4)
19% less capital invested
Capital invested by funds: $93.1M → $75.5M (-$17.6M)
36% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 11
50% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.6M |
| 2 |
Morgan Stanley
New York
|
+$886K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$685K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$518K |
| 5 |
LPL Financial
San Diego,
California
|
+$381K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.61M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$1.47M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$474K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$258K |
| 5 |
SMG
Smart Money Group
Eastland,
Texas
|
-$245K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Citigroup
New York
| – | -$35K | -2,170 | Closed |
|
|
BBPWM
52
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| – | -$29K | -1,820 | Closed |
|
|
CPIG
53
Chicago Partners Investment Group
Chicago,
Illinois
| – | -$14K | -1,000 | Closed |
|
|
SPIA
54
Steward Partners Investment Advisory
New York
| – | -$15K | -937 | Closed |
|
|
TFS
55
TrustCore Financial Services
Brentwood,
Tennessee
| – | -$14K | -897 | Closed |
|
|
SWP
56
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$14K | -850 | Closed |
|
57
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$8K | -500 | Closed |
|
58
Fidelity Investments
Boston,
Massachusetts
| – | +$15 | +1 | New |
|
FFA Hedge Fund Activity: Q4 2018 in Review
47 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q4 2018, worth a combined $75.5M — down 19% from $93.1M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of FFA and 7 opened new positions — a net loss of 4 holders — while 20 trimmed existing stakes and 10 added.
The largest buyer was Guggenheim Capital, adding an estimated $1.6M. The largest seller was Advisors Asset Management, cutting an estimated $1.61M.
- 47 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q4 2018, down from 51 in Q3 2018.
- Funds reported $75.5M of First Trust Enhanced Equity Income Fund stock for Q4 2018, down 19% quarter-over-quarter.
- 7 funds opened new First Trust Enhanced Equity Income Fund positions in Q4 2018 and 11 closed out, a net change of -4 holders.
- The largest First Trust Enhanced Equity Income Fund buyer in Q4 2018 was Guggenheim Capital, an estimated $1.6M added.
- The largest First Trust Enhanced Equity Income Fund seller in Q4 2018 was Advisors Asset Management, an estimated $1.61M sold.
Based on aggregated 13F filings for Q4 2018.