First Trust Enhanced Equity Income Fund
FFA
44 hedge funds and large institutions have $81.6M invested in First Trust Enhanced Equity Income Fund in 2019 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 16 reducing their positions, and 8 closing their positions.
8% more capital invested
Capital invested by funds: $75.5M → $81.6M (+$6.1M)
2.09% less ownership
Funds ownership: 29.26% → 27.18% (-2.1%)
6% less funds holding
Funds holding: 47 → 44 (-3)
25% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 16
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$1.92M |
| 2 |
Morgan Stanley
New York
|
+$1.01M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$452K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$213K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$179K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EF
Exeter Financial
Scottsdale,
Arizona
|
-$4M |
| 2 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
-$2.38M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.47M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$490K |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
-$262K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$10K | -750 | Closed |
|
FFA Hedge Fund Activity: Q1 2019 in Review
44 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q1 2019, worth a combined $81.6M — up 8.1% from $75.5M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FFA and 5 opened new positions — a net loss of 3 holders — while 16 trimmed existing stakes and 12 added.
The largest buyer was Virtu Financial, opening a new position worth an estimated $1.92M. The largest seller was Exeter Financial, exiting entirely with an estimated $4M sold.
- 44 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q1 2019, down from 47 in Q4 2018.
- Funds reported $81.6M of First Trust Enhanced Equity Income Fund stock for Q1 2019, up 8.1% quarter-over-quarter.
- 5 funds opened new First Trust Enhanced Equity Income Fund positions in Q1 2019 and 8 closed out, a net change of -3 holders.
- The largest First Trust Enhanced Equity Income Fund buyer in Q1 2019 was Virtu Financial, an estimated $1.92M added.
- The largest First Trust Enhanced Equity Income Fund seller in Q1 2019 was Exeter Financial, an estimated $4M sold.
Based on aggregated 13F filings for Q1 2019.