First Trust Intermediate Duration Preferred & Income Fund
110 hedge funds and large institutions have $316M invested in First Trust Intermediate Duration Preferred & Income Fund in 2021 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 43 increasing their positions, 31 reducing their positions, and 10 closing their positions.
39% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 31
30% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 10
4% more capital invested
Capital invested by funds: $303M → $316M (+$13.3M)
1% more funds holding
Funds holding: 109 → 110 (+1)
0.11% less ownership
Funds ownership: 20.79% → 20.69% (-0.11%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bramshill Investments
Naples,
Florida
|
+$1.57M |
| 2 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$1.35M |
| 3 |
Morgan Stanley
New York
|
+$1.02M |
| 4 |
LA
LexAurum Advisors
Overland Park,
Kansas
|
+$910K |
| 5 |
ACA
Aptus Capital Advisors
Fairhope,
Alabama
|
+$674K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$2.39M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.98M |
| 3 |
LPL Financial
San Diego,
California
|
-$1.3M |
| 4 |
TC
Telemus Capital
Southfield,
Michigan
|
-$958K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$722K |
FPF Hedge Fund Activity: Q2 2021 in Review
110 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q2 2021, worth a combined $316M — up 4.4% from $303M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new FPF positions and 10 closed out — a net gain of 3 holders — while 43 added to existing stakes and 31 trimmed.
The largest buyer was Bramshill Investments, adding an estimated $1.57M. The largest seller was Parametric Portfolio Associates, cutting an estimated $2.39M.
- 110 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q2 2021, up from 109 in Q1 2021.
- Funds reported $316M of First Trust Intermediate Duration Preferred & Income Fund stock for Q2 2021, up 4.4% quarter-over-quarter.
- 13 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q2 2021 and 10 closed out, a net change of +3 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q2 2021 was Bramshill Investments, an estimated $1.57M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q2 2021 was Parametric Portfolio Associates, an estimated $2.39M sold.
Based on aggregated 13F filings for Q2 2021.