First Trust Intermediate Duration Preferred & Income Fund
86 hedge funds and large institutions have $265M invested in First Trust Intermediate Duration Preferred & Income Fund in 2017 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 33 increasing their positions, 17 reducing their positions, and 7 closing their positions.
200% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 7
94% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 17
19% more funds holding
Funds holding: 72 → 86 (+14)
3% more capital invested
Capital invested by funds: $258M → $265M (+$7.09M)
0.71% more ownership
Funds ownership: 17.08% → 17.79% (+0.71%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.63M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.89M |
| 3 |
CA
Cetera Advisors
Denver,
Colorado
|
+$1.62M |
| 4 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$1.03M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$979K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
-$4.44M |
| 2 |
IH
IFC Holdings
Tampa,
Florida
|
-$1.99M |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$1.27M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$875K |
| 5 |
NPC
National Planning Corporation
El Segundo,
California
|
-$672K |
FPF Hedge Fund Activity: Q4 2017 in Review
86 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q4 2017, worth a combined $265M — up 2.7% from $258M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new FPF positions and 7 closed out — a net gain of 14 holders — while 33 added to existing stakes and 17 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $5.63M. The largest seller was Bessemer Group, cutting an estimated $4.44M.
- 86 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q4 2017, up from 72 in Q3 2017.
- Funds reported $265M of First Trust Intermediate Duration Preferred & Income Fund stock for Q4 2017, up 2.7% quarter-over-quarter.
- 21 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q4 2017 and 7 closed out, a net change of +14 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q4 2017 was Morgan Stanley, an estimated $5.63M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q4 2017 was Bessemer Group, an estimated $4.44M sold.
Based on aggregated 13F filings for Q4 2017.