First Trust Intermediate Duration Preferred & Income Fund
55 hedge funds and large institutions have $217M invested in First Trust Intermediate Duration Preferred & Income Fund in 2015 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 18 increasing their positions, 16 reducing their positions, and 8 closing their positions.
50% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 8
13% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 16
4% more funds holding
Funds holding: 53 → 55 (+2)
1.07% more ownership
Funds ownership: 15.5% → 16.57% (+1.1%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
9% less capital invested
Capital invested by funds: $239M → $217M (-$22.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$12.7M |
| 2 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$4.24M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.71M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$754K |
| 5 |
SCM
Sterneck Capital Management
Kansas City,
Missouri
|
+$699K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$1.03M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$932K |
| 3 |
CFN
Cordasco Financial Network
Naples,
Florida
|
-$691K |
| 4 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$660K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$615K |
FPF Hedge Fund Activity: Q2 2015 in Review
55 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q2 2015, worth a combined $217M — down 9.4% from $239M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new FPF positions and 8 closed out — a net gain of 4 holders — while 18 added to existing stakes and 16 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $12.7M. The largest seller was United Capital Financial Advisors, cutting an estimated $1.03M.
- 55 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q2 2015, up from 53 in Q1 2015.
- Funds reported $217M of First Trust Intermediate Duration Preferred & Income Fund stock for Q2 2015, down 9.4% quarter-over-quarter.
- 12 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q2 2015 and 8 closed out, a net change of +4 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q2 2015 was Morgan Stanley, an estimated $12.7M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q2 2015 was United Capital Financial Advisors, an estimated $1.03M sold.
Based on aggregated 13F filings for Q2 2015.