First Trust Enhanced Equity Income Fund
FFA
51 hedge funds and large institutions have $111M invested in First Trust Enhanced Equity Income Fund in 2021 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 18 increasing their positions, 16 reducing their positions, and 3 closing their positions.
133% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 3
13% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 16
9% more funds holding
Funds holding: 47 → 51 (+4)
5% more capital invested
Capital invested by funds: $106M → $111M (+$5.37M)
0.28% less ownership
Funds ownership: 29.98% → 29.7% (-0.28%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$943K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$835K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$555K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$410K |
| 5 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
+$406K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$4.31M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$657K |
| 3 |
OWA
Opal Wealth Advisors
Jericho,
New York
|
-$640K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$273K |
| 5 |
Millennium Management
New York
|
-$185K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KFI
51
Key Financial Inc
West Chester,
Pennsylvania
| $4K | – | – | – |
|
|
AWA
52
Arkadios Wealth Advisors
Atlanta,
Georgia
| $3K | -$500 | -28 | -13% |
|
|
53
Millennium Management
New York
| – | -$185K | -10,501 | Closed |
|
|
ASN
54
Advisory Services Network
Atlanta,
Georgia
| – | -$9K | -497 | Closed |
|
|
D
55
Diversified
Wilmington,
Delaware
| – | -$3K | -226 | Closed |
|
FFA Hedge Fund Activity: Q1 2021 in Review
51 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q1 2021, worth a combined $111M — up 5.1% from $106M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FFA positions and 3 closed out — a net gain of 4 holders — while 18 added to existing stakes and 16 trimmed.
The largest buyer was Shaker Financial Services, adding an estimated $943K. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $4.31M.
- 51 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q1 2021, up from 47 in Q4 2020.
- Funds reported $111M of First Trust Enhanced Equity Income Fund stock for Q1 2021, up 5.1% quarter-over-quarter.
- 7 funds opened new First Trust Enhanced Equity Income Fund positions in Q1 2021 and 3 closed out, a net change of +4 holders.
- The largest First Trust Enhanced Equity Income Fund buyer in Q1 2021 was Shaker Financial Services, an estimated $943K added.
- The largest First Trust Enhanced Equity Income Fund seller in Q1 2021 was Raymond James Financial Services Advisors, an estimated $4.31M sold.
Based on aggregated 13F filings for Q1 2021.