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FFA

First Trust Enhanced Equity Income Fund
FFA

55 hedge funds and large institutions have $98.6M invested in First Trust Enhanced Equity Income Fund in 2023 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 21 increasing their positions, 17 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 17

5% more capital invested

Capital invested by funds: $93.5M → $98.6M (+$5.09M)

0.35% less ownership

Funds ownership: 28.47% → 28.13% (-0.35%)

10% less funds holding

Funds holding: 61 → 55 (-6)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

56% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 9

Holders
55
Holders Change
-6
Holders Change %
-9.84%
% of All Funds
0.86%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
4
Increased
21
Reduced
17
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$1.56M
2
GC
Guggenheim Capital
Illinois
+$1.02M
3
KIM
Karpus Investment Management
New York
+$534K
4
CA
Cornerstone Advisors
North Carolina
+$507K
5
Stifel Financial
Stifel Financial
Missouri
+$184K

Top Sellers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
-$3.38M
2
Invesco
Invesco
Georgia
-$294K
3
UBS Group
UBS Group
Switzerland
-$291K
4
AAM
Advisors Asset Management
Colorado
-$246K
5
WMA
West Michigan Advisors
Michigan
-$227K
Name Holding Trade Value Shares
Change 		Change in
Stake
AF
51
Advisornet Financial
Minnesota
$10.5K – – –
CFGS
52
Concourse Financial Group Securities
Alabama
$4.07K – – –
KFI
53
Key Financial Inc
Pennsylvania
$3.82K – – –
CSPIA
54
Cary Street Partners Investment Advisory
Virginia
$3.24K – – –
CAS
55
Coppell Advisory Solutions
Texas
$2.03K +$1.98K +117 New
WMA
56
West Michigan Advisors
Michigan
– -$227K -13,712 Closed
DA
57
Doliver Advisors
Texas
– -$204K -12,329 Closed
Kovitz Investment Group Partners
58
Kovitz Investment Group Partners
Illinois
– -$165K -10,000 Closed
EC
59
Elequin Capital
New York
– -$31.8K -1,924 Closed
GI
60
Gradient Investments
Minnesota
– -$18.2K -1,101 Closed
BAM
61
Belpointe Asset Management
Nevada
– -$16.5K -1,000 Closed
AAS
62
Ameritas Advisory Services
Nebraska
– -$11.4K -693 Closed
HI
63
Harbour Investments
Wisconsin
– -$8.26K -500 Closed
ASN
64
Advisory Services Network
Georgia
– -$8.21K -497 Closed
1 2
3

FFA Hedge Fund Activity: Q2 2023 in Review

55 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q2 2023, worth a combined $98.6M — up 5.4% from $93.5M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of FFA and 4 opened new positions — a net loss of 5 holders — while 17 trimmed existing stakes and 21 added.

The largest buyer was Wells Fargo, adding an estimated $1.56M. The largest seller was Shaker Financial Services, cutting an estimated $3.38M.

  • 55 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q2 2023, down from 61 in Q1 2023.
  • Funds reported $98.6M of First Trust Enhanced Equity Income Fund stock for Q2 2023, up 5.4% quarter-over-quarter.
  • 4 funds opened new First Trust Enhanced Equity Income Fund positions in Q2 2023 and 9 closed out, a net change of -5 holders.
  • The largest First Trust Enhanced Equity Income Fund buyer in Q2 2023 was Wells Fargo, an estimated $1.56M added.
  • The largest First Trust Enhanced Equity Income Fund seller in Q2 2023 was Shaker Financial Services, an estimated $3.38M sold.

Based on aggregated 13F filings for Q2 2023.