First Trust Enhanced Equity Income Fund
FFA
55 hedge funds and large institutions have $110M invested in First Trust Enhanced Equity Income Fund in 2024 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 25 increasing their positions, 14 reducing their positions, and 4 closing their positions.
79% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 14
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
2% more funds holding
Funds holding: 54 → 55 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7.29% less ownership
Funds ownership: 36.53% → 29.24% (-7.3%)
17% less capital invested
Capital invested by funds: $133M → $110M (-$23M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$569K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$358K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$352K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$291K |
| 5 |
Koshinski Asset Management
Decatur,
Illinois
|
+$262K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$27.8M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$822K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$449K |
| 4 |
AWS
Atria Wealth Solutions
New York
|
-$233K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$198K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $13.8K | +$5.95K | +322 | +79% |
|
|
AF
52
Advisornet Financial
Minnetonka,
Minnesota
| $11.3K | – | – | – |
|
53
JP Morgan Chase
New York
| $5.67K | -$72.4K | -3,917 | -93% |
|
|
KFI
54
Key Financial Inc
West Chester,
Pennsylvania
| $4.12K | – | – | – |
|
|
TRCT
55
Tower Research Capital (TRC)
New York
| $983 | +$961 | +52 | New |
|
|
AWS
56
Atria Wealth Solutions
New York
| – | -$233K | -12,768 | Closed |
|
|
57
Stifel Financial
St. Louis,
Missouri
| – | -$198K | -10,826 | Closed |
|
|
GWSG
58
GPS Wealth Strategies Group
Centennial,
Colorado
| – | -$12.8K | -702 | Closed |
|
|
ASN
59
Advisory Services Network
Atlanta,
Georgia
| – | -$9.08K | -497 | Closed |
|
FFA Hedge Fund Activity: Q1 2024 in Review
55 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q1 2024, worth a combined $110M — down 17% from $133M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new FFA positions and 4 closed out — a net gain of 2 holders — while 25 added to existing stakes and 14 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $569K. The largest seller was Morgan Stanley, cutting an estimated $27.8M.
- 55 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q1 2024, up from 54 in Q4 2023.
- Funds reported $110M of First Trust Enhanced Equity Income Fund stock for Q1 2024, down 17% quarter-over-quarter.
- 6 funds opened new First Trust Enhanced Equity Income Fund positions in Q1 2024 and 4 closed out, a net change of +2 holders.
- The largest First Trust Enhanced Equity Income Fund buyer in Q1 2024 was Guggenheim Capital, an estimated $569K added.
- The largest First Trust Enhanced Equity Income Fund seller in Q1 2024 was Morgan Stanley, an estimated $27.8M sold.
Based on aggregated 13F filings for Q1 2024.