First Trust Intermediate Duration Preferred & Income Fund
56 hedge funds and large institutions have $215M invested in First Trust Intermediate Duration Preferred & Income Fund in 2016 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 19 increasing their positions, 18 reducing their positions, and 4 closing their positions.
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
6% more funds holding
Funds holding: 53 → 56 (+3)
6% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 18
0% more capital invested
Capital invested by funds: $215M → $215M (+$158K)
0.68% less ownership
Funds ownership: 15.74% → 15.06% (-0.68%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Comerica Securities
Detroit,
Michigan
|
+$2.56M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.71M |
| 3 |
Morgan Stanley
New York
|
+$1.59M |
| 4 |
IA
IFP Advisors
Tampa,
Florida
|
+$1.08M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$951K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
-$5.35M |
| 2 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
-$4.07M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.39M |
| 4 |
LPL Financial
San Diego,
California
|
-$2.25M |
| 5 |
SCM
Sterneck Capital Management
Kansas City,
Missouri
|
-$1.98M |
FPF Hedge Fund Activity: Q2 2016 in Review
56 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q2 2016, worth a combined $215M — up 0.07% from $215M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FPF positions and 4 closed out — a net gain of 4 holders — while 19 added to existing stakes and 18 trimmed.
The largest buyer was Comerica Securities, adding an estimated $2.56M. The largest seller was Bessemer Group, cutting an estimated $5.35M.
- 56 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q2 2016, up from 53 in Q1 2016.
- Funds reported $215M of First Trust Intermediate Duration Preferred & Income Fund stock for Q2 2016, up 0.07% quarter-over-quarter.
- 8 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q2 2016 and 4 closed out, a net change of +4 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q2 2016 was Comerica Securities, an estimated $2.56M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q2 2016 was Bessemer Group, an estimated $5.35M sold.
Based on aggregated 13F filings for Q2 2016.