First Trust Intermediate Duration Preferred & Income Fund
87 hedge funds and large institutions have $247M invested in First Trust Intermediate Duration Preferred & Income Fund in 2018 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 33 increasing their positions, 19 reducing their positions, and 9 closing their positions.
150% more funds holding in top 10
Funds holding in top 10: 2 → 5 (+3)
74% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 19
44% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 9
8% more capital invested
Capital invested by funds: $229M → $247M (+$18.1M)
4% more funds holding
Funds holding: 84 → 87 (+3)
2.83% more ownership
Funds ownership: 15.98% → 18.81% (+2.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HWA
HCR Wealth Advisors
Los Angeles,
California
|
+$26.5M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
+$6.19M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.26M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$3.16M |
| 5 |
SCM
Sterneck Capital Management
Kansas City,
Missouri
|
+$2.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$6.23M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$3.2M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$2.14M |
| 4 |
Millennium Management
New York
|
-$975K |
| 5 |
OFG
OTA Financial Group
Purchase,
New York
|
-$897K |
FPF Hedge Fund Activity: Q2 2018 in Review
87 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q2 2018, worth a combined $247M — up 7.9% from $229M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new FPF positions and 9 closed out — a net gain of 4 holders — while 33 added to existing stakes and 19 trimmed.
The largest buyer was HCR Wealth Advisors, adding an estimated $26.5M. The largest seller was Morgan Stanley, cutting an estimated $6.23M.
- 87 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q2 2018, up from 84 in Q1 2018.
- Funds reported $247M of First Trust Intermediate Duration Preferred & Income Fund stock for Q2 2018, up 7.9% quarter-over-quarter.
- 13 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q2 2018 and 9 closed out, a net change of +4 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q2 2018 was HCR Wealth Advisors, an estimated $26.5M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q2 2018 was Morgan Stanley, an estimated $6.23M sold.
Based on aggregated 13F filings for Q2 2018.