First Trust Enhanced Equity Income Fund
FFA
38 hedge funds and large institutions have $64.9M invested in First Trust Enhanced Equity Income Fund in 2020 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 15 increasing their positions, 8 reducing their positions, and 10 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 8
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2.11% less ownership
Funds ownership: 27.88% → 25.77% (-2.1%)
14% less funds holding
Funds holding: 44 → 38 (-6)
32% less capital invested
Capital invested by funds: $96M → $64.9M (-$31.2M)
40% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EF
Exeter Financial
Scottsdale,
Arizona
|
+$2.62M |
| 2 |
Morgan Stanley
New York
|
+$842K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$758K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$689K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$564K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$9.83M |
| 2 |
SMG
Smart Money Group
Eastland,
Texas
|
-$2.88M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$325K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$305K |
| 5 |
VCM
Virtue Capital Management
Brentwood,
Tennessee
|
-$258K |
FFA Hedge Fund Activity: Q1 2020 in Review
38 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q1 2020, worth a combined $64.9M — down 32% from $96M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of FFA and 6 opened new positions — a net loss of 4 holders — while 8 trimmed existing stakes and 15 added.
The largest buyer was Exeter Financial, adding an estimated $2.62M. The largest seller was Raymond James Financial Services Advisors, exiting entirely with an estimated $9.83M sold.
- 38 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q1 2020, down from 44 in Q4 2019.
- Funds reported $64.9M of First Trust Enhanced Equity Income Fund stock for Q1 2020, down 32% quarter-over-quarter.
- 6 funds opened new First Trust Enhanced Equity Income Fund positions in Q1 2020 and 10 closed out, a net change of -4 holders.
- The largest First Trust Enhanced Equity Income Fund buyer in Q1 2020 was Exeter Financial, an estimated $2.62M added.
- The largest First Trust Enhanced Equity Income Fund seller in Q1 2020 was Raymond James Financial Services Advisors, an estimated $9.83M sold.
Based on aggregated 13F filings for Q1 2020.