First Trust Enhanced Equity Income Fund
FFA
39 hedge funds and large institutions have $58.9M invested in First Trust Enhanced Equity Income Fund in 2013 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 16 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
10% more capital invested
Capital invested by funds: $53.4M → $58.9M (+$5.44M)
5% more funds holding
Funds holding: 37 → 39 (+2)
0.53% more ownership
Funds ownership: 21.05% → 21.58% (+0.53%)
0% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 16
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.88M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$2.86M |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$796K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$468K |
| 5 |
SG Americas Securities
New York
|
+$342K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$5.11M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.64M |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$380K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$227K |
| 5 |
Citigroup
New York
|
-$177K |
FFA Hedge Fund Activity: Q4 2013 in Review
39 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q4 2013, worth a combined $58.9M — up 10% from $53.4M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FFA positions and 3 closed out — a net gain of 2 holders — while 16 added to existing stakes and 16 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $4.88M. The largest seller was Morgan Stanley, cutting an estimated $5.11M.
- 39 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q4 2013, up from 37 in Q3 2013.
- Funds reported $58.9M of First Trust Enhanced Equity Income Fund stock for Q4 2013, up 10% quarter-over-quarter.
- 5 funds opened new First Trust Enhanced Equity Income Fund positions in Q4 2013 and 3 closed out, a net change of +2 holders.
- The largest First Trust Enhanced Equity Income Fund buyer in Q4 2013 was Karpus Investment Management, an estimated $4.88M added.
- The largest First Trust Enhanced Equity Income Fund seller in Q4 2013 was Morgan Stanley, an estimated $5.11M sold.
Based on aggregated 13F filings for Q4 2013.