First Trust Intermediate Duration Preferred & Income Fund
72 hedge funds and large institutions have $258M invested in First Trust Intermediate Duration Preferred & Income Fund in 2017 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 32 increasing their positions, 15 reducing their positions, and 6 closing their positions.
113% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 15
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
1% more funds holding
Funds holding: 71 → 72 (+1)
0.15% less ownership
Funds ownership: 17.24% → 17.08% (-0.15%)
1% less capital invested
Capital invested by funds: $262M → $258M (-$3.22M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$1.36M |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$772K |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$740K |
| 4 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$691K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$657K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$4.12M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
-$3.6M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.05M |
| 4 |
HFS
HL Financial Services
Louisville,
Kentucky
|
-$685K |
| 5 |
CS
Comerica Securities
Detroit,
Michigan
|
-$552K |
FPF Hedge Fund Activity: Q3 2017 in Review
72 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q3 2017, worth a combined $258M — down 1.2% from $262M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FPF positions and 6 closed out — a net gain of 1 holder — while 32 added to existing stakes and 15 trimmed.
The largest buyer was Wells Fargo, adding an estimated $1.36M. The largest seller was Morgan Stanley, cutting an estimated $4.12M.
- 72 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q3 2017, up from 71 in Q2 2017.
- Funds reported $258M of First Trust Intermediate Duration Preferred & Income Fund stock for Q3 2017, down 1.2% quarter-over-quarter.
- 7 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q3 2017 and 6 closed out, a net change of +1 holder.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q3 2017 was Wells Fargo, an estimated $1.36M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q3 2017 was Morgan Stanley, an estimated $4.12M sold.
Based on aggregated 13F filings for Q3 2017.