First Trust Enhanced Equity Income Fund
FFA
37 hedge funds and large institutions have $53.4M invested in First Trust Enhanced Equity Income Fund in 2013 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 6 reducing their positions, and 2 closing their positions.
233% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 6
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
9% more funds holding
Funds holding: 34 → 37 (+3)
7% more capital invested
Capital invested by funds: $49.9M → $53.4M (+$3.48M)
1.16% more ownership
Funds ownership: 19.89% → 21.05% (+1.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$921K |
| 2 |
Morgan Stanley
New York
|
+$767K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$696K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
+$487K |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$354K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$674K |
| 2 |
NSIM
North Star Investment Management
Chicago,
Illinois
|
-$447K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$241K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$173K |
| 5 |
WC
Whitnell & Co
Oak Brook,
Illinois
|
-$44K |
FFA Hedge Fund Activity: Q3 2013 in Review
37 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q3 2013, worth a combined $53.4M — up 7% from $49.9M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FFA positions and 2 closed out — a net gain of 3 holders — while 20 added to existing stakes and 6 trimmed.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $921K. The largest seller was Invesco, cutting an estimated $674K.
- 37 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q3 2013, up from 34 in Q2 2013.
- Funds reported $53.4M of First Trust Enhanced Equity Income Fund stock for Q3 2013, up 7% quarter-over-quarter.
- 5 funds opened new First Trust Enhanced Equity Income Fund positions in Q3 2013 and 2 closed out, a net change of +3 holders.
- The largest First Trust Enhanced Equity Income Fund buyer in Q3 2013 was Wolverine Asset Management, an estimated $921K added.
- The largest First Trust Enhanced Equity Income Fund seller in Q3 2013 was Invesco, an estimated $674K sold.
Based on aggregated 13F filings for Q3 2013.