First Trust Enhanced Equity Income Fund
FFA
41 hedge funds and large institutions have $88.7M invested in First Trust Enhanced Equity Income Fund in 2019 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 18 increasing their positions, 8 reducing their positions, and 6 closing their positions.
125% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 8
9% more capital invested
Capital invested by funds: $81.6M → $88.7M (+$7.14M)
0.61% more ownership
Funds ownership: 27.18% → 27.78% (+0.61%)
7% less funds holding
Funds holding: 44 → 41 (-3)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EF
Exeter Financial
Scottsdale,
Arizona
|
+$4.72M |
| 2 |
Morgan Stanley
New York
|
+$526K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$488K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$409K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$316K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$2.42M |
| 2 |
VF
Virtu Financial
New York
|
-$2M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$411K |
| 4 |
LWAC
Laurel Wealth Advisors (California)
Solana Beach,
California
|
-$174K |
| 5 |
9WM
9258 Wealth Management
Blue Ash,
Ohio
|
-$41.5K |
FFA Hedge Fund Activity: Q2 2019 in Review
41 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q2 2019, worth a combined $88.7M — up 8.7% from $81.6M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FFA and 4 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 18 added.
The largest buyer was Exeter Financial, opening a new position worth an estimated $4.72M. The largest seller was Shaker Financial Services, exiting entirely with an estimated $2.42M sold.
- 41 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q2 2019, down from 44 in Q1 2019.
- Funds reported $88.7M of First Trust Enhanced Equity Income Fund stock for Q2 2019, up 8.7% quarter-over-quarter.
- 4 funds opened new First Trust Enhanced Equity Income Fund positions in Q2 2019 and 6 closed out, a net change of -2 holders.
- The largest First Trust Enhanced Equity Income Fund buyer in Q2 2019 was Exeter Financial, an estimated $4.72M added.
- The largest First Trust Enhanced Equity Income Fund seller in Q2 2019 was Shaker Financial Services, an estimated $2.42M sold.
Based on aggregated 13F filings for Q2 2019.