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 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 23 increasing their positions, 13 reducing their positions, and 4 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
77% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 13
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
0.31% less ownership
Funds ownership: 28.53% → 28.22% (-0.31%)
4% less capital invested
Capital invested by funds: $116M → $111M (-$4.91M)
2% less funds holding
Funds holding: 52 → 51 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$906K |
| 2 |
OWA
Opal Wealth Advisors
Jericho,
New York
|
+$868K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$815K |
| 4 |
SPIA
Steward Partners Investment Advisory
New York
|
+$450K |
| 5 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$208K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.75M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$1.3M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.02M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$458K |
| 5 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
-$213K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
BlackRock
New York
| $4K | +$4.25K | +204 | New |
|
|
52
Stifel Financial
St. Louis,
Missouri
| – | -$458K | -22,573 | Closed |
|
|
MAFM
53
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
| – | -$213K | -10,500 | Closed |
|
|
PB
54
Pinnacle Bancorp
Beatrice,
Nebraska
| – | -$61K | -3,000 | Closed |
|
|
ASN
55
Advisory Services Network
Atlanta,
Georgia
| – | -$10K | -497 | Closed |
|
FFA Hedge Fund Activity: Q3 2021 in Review
51 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q3 2021, worth a combined $111M — down 4.2% from $116M a quarter earlier.
Fund positioning in FFA was balanced in Q3 2021: 4 funds opened new positions, 4 closed out, 23 added to existing stakes and 13 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $906K. The largest seller was Raymond James & Associates, cutting an estimated $1.75M.
- 51 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q3 2021, down from 52 in Q2 2021.
- Funds reported $111M of First Trust Enhanced Equity Income Fund stock for Q3 2021, down 4.2% quarter-over-quarter.
- 4 funds opened new First Trust Enhanced Equity Income Fund positions in Q3 2021 and 4 closed out, a net change of 0 holders.
- The largest First Trust Enhanced Equity Income Fund buyer in Q3 2021 was Envestnet Asset Management, an estimated $906K added.
- The largest First Trust Enhanced Equity Income Fund seller in Q3 2021 was Raymond James & Associates, an estimated $1.75M sold.
Based on aggregated 13F filings for Q3 2021.