First Trust Intermediate Duration Preferred & Income Fund
74 hedge funds and large institutions have $233M invested in First Trust Intermediate Duration Preferred & Income Fund in 2017 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 26 increasing their positions, 25 reducing their positions, and 7 closing their positions.
57% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 7
8% more capital invested
Capital invested by funds: $215M → $233M (+$17.7M)
4% more funds holding
Funds holding: 71 → 74 (+3)
4% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 25
0.87% more ownership
Funds ownership: 15.49% → 16.35% (+0.87%)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$11.5M |
| 2 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$3.62M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$2.68M |
| 4 |
Morgan Stanley
New York
|
+$2.31M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$1.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$5.8M |
| 2 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
-$2.58M |
| 3 |
Millennium Management
New York
|
-$1.66M |
| 4 |
SCM
Sterneck Capital Management
Kansas City,
Missouri
|
-$1.28M |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$1.21M |
FPF Hedge Fund Activity: Q1 2017 in Review
74 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q1 2017, worth a combined $233M — up 8.2% from $215M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FPF positions and 7 closed out — a net gain of 4 holders — while 26 added to existing stakes and 25 trimmed.
The largest buyer was UBS Group, adding an estimated $11.5M. The largest seller was Bank of Montreal, exiting entirely with an estimated $5.8M sold.
- 74 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q1 2017, up from 71 in Q4 2016.
- Funds reported $233M of First Trust Intermediate Duration Preferred & Income Fund stock for Q1 2017, up 8.2% quarter-over-quarter.
- 11 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q1 2017 and 7 closed out, a net change of +4 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q1 2017 was UBS Group, an estimated $11.5M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q1 2017 was Bank of Montreal, an estimated $5.8M sold.
Based on aggregated 13F filings for Q1 2017.