First Trust Enhanced Equity Income Fund
FFA
47 hedge funds and large institutions have $106M invested in First Trust Enhanced Equity Income Fund in 2020 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 14 increasing their positions, 19 reducing their positions, and 9 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
18% more capital invested
Capital invested by funds: $89.3M → $106M (+$16.3M)
0.45% more ownership
Funds ownership: 29.53% → 29.98% (+0.45%)
0% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 9
2% less funds holding
Funds holding: 48 → 47 (-1)
26% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$990K |
| 2 |
Invesco
Atlanta,
Georgia
|
+$628K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$625K |
| 4 |
Morgan Stanley
New York
|
+$518K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$372K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$924K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$386K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$353K |
| 4 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
-$259K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$244K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CRC
51
Curi RMB Capital
Chicago,
Illinois
| – | -$174K | -11,481 | Closed |
|
|
BCA
52
Berman Capital Advisors
Atlanta,
Georgia
| – | -$80K | -5,331 | Closed |
|
|
TFS
53
TrustCore Financial Services
Brentwood,
Tennessee
| – | -$14K | -897 | Closed |
|
54
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$11K | -750 | Closed |
|
|
CSPIA
55
Cary Street Partners Investment Advisory
Richmond,
Virginia
| – | -$6K | -370 | Closed |
|
|
BBPWM
56
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| – | -$2K | -100 | Closed |
|
FFA Hedge Fund Activity: Q4 2020 in Review
47 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q4 2020, worth a combined $106M — up 18% from $89.3M a quarter earlier.
Fund positioning in FFA was balanced in Q4 2020: 9 funds opened new positions, 9 closed out, 14 added to existing stakes and 19 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $990K. The largest seller was Guggenheim Capital, cutting an estimated $924K.
- 47 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q4 2020, down from 48 in Q3 2020.
- Funds reported $106M of First Trust Enhanced Equity Income Fund stock for Q4 2020, up 18% quarter-over-quarter.
- 9 funds opened new First Trust Enhanced Equity Income Fund positions in Q4 2020 and 9 closed out, a net change of 0 holders.
- The largest First Trust Enhanced Equity Income Fund buyer in Q4 2020 was Advisors Asset Management, an estimated $990K added.
- The largest First Trust Enhanced Equity Income Fund seller in Q4 2020 was Guggenheim Capital, an estimated $924K sold.
Based on aggregated 13F filings for Q4 2020.