First Trust Enhanced Equity Income Fund
FFA
32 hedge funds and large institutions have $67.2M invested in First Trust Enhanced Equity Income Fund in 2014 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 19 increasing their positions, 9 reducing their positions, and 10 closing their positions.
111% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 9
14% more capital invested
Capital invested by funds: $58.7M → $67.2M (+$8.5M)
1.34% more ownership
Funds ownership: 21.46% → 22.8% (+1.3%)
22% less funds holding
Funds holding: 41 → 32 (-9)
90% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$4.9M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$2.68M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$614K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$468K |
| 5 |
Morgan Stanley
New York
|
+$376K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DA
Doliver Advisors
Houston,
Texas
|
-$1.45M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1M |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$654K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$608K |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$501K |
FFA Hedge Fund Activity: Q2 2014 in Review
32 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q2 2014, worth a combined $67.2M — up 14% from $58.7M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of FFA and 1 opened new positions — a net loss of 9 holders — while 9 trimmed existing stakes and 19 added.
The largest buyer was Advisors Asset Management, adding an estimated $4.9M. The largest seller was Doliver Advisors, exiting entirely with an estimated $1.45M sold.
- 32 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q2 2014, down from 41 in Q1 2014.
- Funds reported $67.2M of First Trust Enhanced Equity Income Fund stock for Q2 2014, up 14% quarter-over-quarter.
- 1 fund opened new First Trust Enhanced Equity Income Fund positions in Q2 2014 and 10 closed out, a net change of -9 holders.
- The largest First Trust Enhanced Equity Income Fund buyer in Q2 2014 was Advisors Asset Management, an estimated $4.9M added.
- The largest First Trust Enhanced Equity Income Fund seller in Q2 2014 was Doliver Advisors, an estimated $1.45M sold.
Based on aggregated 13F filings for Q2 2014.