First Trust Intermediate Duration Preferred & Income Fund
71 hedge funds and large institutions have $262M invested in First Trust Intermediate Duration Preferred & Income Fund in 2017 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 32 increasing their positions, 16 reducing their positions, and 8 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 16
12% more capital invested
Capital invested by funds: $233M → $262M (+$29M)
0.88% more ownership
Funds ownership: 16.35% → 17.24% (+0.88%)
4% less funds holding
Funds holding: 74 → 71 (-3)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$11.2M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$5.8M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.66M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$1.16M |
| 5 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$1.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$3.82M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
-$3.25M |
| 3 |
SCM
Sterneck Capital Management
Kansas City,
Missouri
|
-$2.5M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.07M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$519K |
FPF Hedge Fund Activity: Q2 2017 in Review
71 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q2 2017, worth a combined $262M — up 12% from $233M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FPF and 6 opened new positions — a net loss of 2 holders — while 16 trimmed existing stakes and 32 added.
The largest buyer was Morgan Stanley, adding an estimated $11.2M. The largest seller was LPL Financial, cutting an estimated $3.82M.
- 71 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q2 2017, down from 74 in Q1 2017.
- Funds reported $262M of First Trust Intermediate Duration Preferred & Income Fund stock for Q2 2017, up 12% quarter-over-quarter.
- 6 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q2 2017 and 8 closed out, a net change of -2 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q2 2017 was Morgan Stanley, an estimated $11.2M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q2 2017 was LPL Financial, an estimated $3.82M sold.
Based on aggregated 13F filings for Q2 2017.