First Trust Enhanced Equity Income Fund
FFA
54 hedge funds and large institutions have $133M invested in First Trust Enhanced Equity Income Fund in 2023 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 25 reducing their positions, and 4 closing their positions.
37% more capital invested
Capital invested by funds: $97.3M → $133M (+$35.9M)
8.34% more ownership
Funds ownership: 28.19% → 36.53% (+8.3%)
0% more funds holding
Funds holding: 54 → 54 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
36% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$26.1M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$2.7M |
| 3 |
LPL Financial
San Diego,
California
|
+$1.11M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$531K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$326K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$572K |
| 2 |
NSIM
North Star Investment Management
Chicago,
Illinois
|
-$495K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$393K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$359K |
| 5 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
-$245K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ASN
51
Advisory Services Network
Atlanta,
Georgia
| $9.08K | +$8.58K | +497 | New |
|
52
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $7.49K | +$7.08K | +410 | New |
|
|
KFI
53
Key Financial Inc
West Chester,
Pennsylvania
| $3.98K | – | – | – |
|
|
CAS
54
Coppell Advisory Solutions
Coppell,
Texas
| $2.14K | – | – | – |
|
|
FPAS
55
Focus Partners Advisor Solutions
Saint Louis,
Missouri
| – | -$225K | -13,000 | Closed |
|
|
IA
56
IFP Advisors
Tampa,
Florida
| – | -$16.7K | -968 | Closed |
|
|
CFGS
57
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$4.01K | -232 | Closed |
|
|
CSPIA
58
Cary Street Partners Investment Advisory
Richmond,
Virginia
| – | -$3.19K | -185 | Closed |
|
FFA Hedge Fund Activity: Q4 2023 in Review
54 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q4 2023, worth a combined $133M — up 37% from $97.3M a quarter earlier.
Fund positioning in FFA was balanced in Q4 2023: 4 funds opened new positions, 4 closed out, 16 added to existing stakes and 25 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $26.1M. The largest seller was Karpus Investment Management, cutting an estimated $572K.
- 54 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q4 2023, unchanged from Q3 2023.
- Funds reported $133M of First Trust Enhanced Equity Income Fund stock for Q4 2023, up 37% quarter-over-quarter.
- 4 funds opened new First Trust Enhanced Equity Income Fund positions in Q4 2023 and 4 closed out, a net change of 0 holders.
- The largest First Trust Enhanced Equity Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $26.1M added.
- The largest First Trust Enhanced Equity Income Fund seller in Q4 2023 was Karpus Investment Management, an estimated $572K sold.
Based on aggregated 13F filings for Q4 2023.