First Trust Enhanced Equity Income Fund
FFA
52 hedge funds and large institutions have $116M invested in First Trust Enhanced Equity Income Fund in 2021 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 13 reducing their positions, and 4 closing their positions.
54% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 13
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
2% more funds holding
Funds holding: 51 → 52 (+1)
5% more capital invested
Capital invested by funds: $111M → $116M (+$5M)
1.18% less ownership
Funds ownership: 29.7% → 28.53% (-1.2%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.07M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$613K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$494K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$435K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$334K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$4.31M |
| 2 |
EDRIA
Edmonds Duncan Registered Investment Advisors
Lawrence,
Kansas
|
-$1.39M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$840K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$500K |
| 5 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
-$463K |
FFA Hedge Fund Activity: Q2 2021 in Review
52 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in First Trust Enhanced Equity Income Fund (FFA) for Q2 2021, worth a combined $116M — up 4.5% from $111M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FFA positions and 4 closed out — a net gain of 1 holder — while 20 added to existing stakes and 13 trimmed.
The largest buyer was Envestnet Asset Management, opening a new position worth an estimated $1.07M. The largest seller was Shaker Financial Services, cutting an estimated $4.31M.
- 52 institutional investors held First Trust Enhanced Equity Income Fund (FFA) as of Q2 2021, up from 51 in Q1 2021.
- Funds reported $116M of First Trust Enhanced Equity Income Fund stock for Q2 2021, up 4.5% quarter-over-quarter.
- 5 funds opened new First Trust Enhanced Equity Income Fund positions in Q2 2021 and 4 closed out, a net change of +1 holder.
- The largest First Trust Enhanced Equity Income Fund buyer in Q2 2021 was Envestnet Asset Management, an estimated $1.07M added.
- The largest First Trust Enhanced Equity Income Fund seller in Q2 2021 was Shaker Financial Services, an estimated $4.31M sold.
Based on aggregated 13F filings for Q2 2021.