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FPF

First Trust Intermediate Duration Preferred & Income Fund

21 hedge funds and large institutions have $53.3M invested in First Trust Intermediate Duration Preferred & Income Fund in 2013 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 6 increasing their positions, 2 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

242% more capital invested

Capital invested by funds: $15.6M → $53.3M (+$37.7M)

225% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 4

200% more repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 2

62% more funds holding

Funds holding: 1321 (+8)

2.85% more ownership

Funds ownership: 1.1%3.95% (+2.9%)

Holders
21
Holders Change
+8
Holders Change %
+61.54%
% of All Funds
0.68%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
13
Increased
6
Reduced
2
Closed
4
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$24.5M +$19.7M +895,175 +356%
BTS
2
BB&T Securities
Virginia
$5.98M +$615K +27,997 New
Invesco
3
Invesco
Georgia
$5.37M +$5.53M +251,520 New
SCM
4
Saba Capital Management
New York
$4.68M +$4.82M +219,264 New
Bank of America
5
Bank of America
North Carolina
$3.92M +$1.69M +76,733 +72%
LPL Financial
6
LPL Financial
California
$2.87M +$2.94M +133,741 New
Royal Bank of Canada
7
Royal Bank of Canada
Ontario, Canada
$1.36M +$1.1M +50,085 +363%
PAS
8
Partnervest Advisory Services
California
$1.32M +$1.27M +57,639 +1,441%
JP Morgan Chase
9
JP Morgan Chase
New York
$959K +$987K +44,906 New
SNC
10
Stifel Nicolaus & Co
Missouri
$796K +$820K +37,298 New
SCM
11
Sterneck Capital Management
Missouri
$448K +$462K +21,007 New
ICAS
12
Investors Capital Advisory Services
Massachusetts
$320K -$132K -6,000 -29%
Citigroup
13
Citigroup
New York
$221K +$227K +10,350 New
LTFS
14
Ladenburg Thalmann Financial Services
Florida
$130K +$19.8K +900 +17%
MWP
15
MYCIO Wealth Partners
Pennsylvania
$128K +$132K +6,000 New
FHA
16
First Horizon Advisors
Tennessee
$86K +$88.5K +4,027 New
SIA
17
Sit Investment Associates
Minnesota
$85K +$87.2K +3,970 New
U
18
UBS
Switzerland
$38K -$126K -5,718 -76%
Wells Fargo
19
Wells Fargo
California
$33K +$33.6K +1,531 New
Deutsche Bank
20
Deutsche Bank
Germany
$28K +$30.8K +1,400 New
TRCT
21
Tower Research Capital (TRC)
New York
$27K +$25.7K +1,171 +1,171%
Millennium Management
22
Millennium Management
New York
-$2.5M -100,000 Closed
AW
23
ACG Wealth
Georgia
-$1.7M -68,020 Closed
OC
24
Oppenheimer & Co
New York
-$645K -25,790 Closed
BIM
25
BlackRock Investment Management
Delaware
-$20K -800 Closed