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FPF

First Trust Intermediate Duration Preferred & Income Fund
FPF

88 hedge funds and large institutions have $249M invested in First Trust Intermediate Duration Preferred & Income Fund in 2018 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 34 increasing their positions, 19 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more funds holding in top 10

Funds holding in top 10: 2 → 5 (+3)

79% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 19

44% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 9

9% more capital invested

Capital invested by funds: $228M → $249M (+$21.1M)

5% more funds holding

Funds holding: 84 → 88 (+4)

2.93% more ownership

Funds ownership: 15.98% → 18.91% (+2.9%)

Holders
88
Holders Change
+4
Holders Change %
+4.76%
% of All Funds
2.01%
Holding in Top 10
5
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+150%
% of All Funds
0.11%
New
13
Increased
34
Reduced
19
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
HWA
HCR Wealth Advisors
California
+$26.5M
2
BI
Bramshill Investments
Florida
+$6.19M
3
PPA
Parametric Portfolio Associates
Washington
+$3.26M
4
Invesco
Invesco
Georgia
+$3.16M
5
SCM
Sterneck Capital Management
Missouri
+$2.55M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$6.23M
2
GC
Guggenheim Capital
Illinois
-$3.2M
3
Bank of America
Bank of America
North Carolina
-$2.14M
4
Millennium Management
Millennium Management
New York
-$975K
5
OFG
OTA Financial Group
New York
-$897K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$86M -$6.23M -280,914 -7%
HWA
2
HCR Wealth Advisors
California
$25.9M +$26.5M +1,194,472 +7,006%
Invesco
3
Invesco
Georgia
$17.8M +$3.16M +142,416 +21%
Wells Fargo
4
Wells Fargo
California
$17.7M +$53.1K +2,392 +0.3%
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$8.53M +$507K +22,868 +6%
Bessemer Group
6
Bessemer Group
New Jersey
$7.97M – – –
CS
7
Comerica Securities
Michigan
$7.65M +$242K +10,917 +3%
Bank of America
8
Bank of America
North Carolina
$6.88M -$2.14M -96,699 -23%
BI
9
Bramshill Investments
Florida
$6.03M +$6.19M +279,135 New
SCM
10
Sterneck Capital Management
Missouri
$5.19M +$2.55M +114,963 +92%
LPL Financial
11
LPL Financial
California
$4.7M -$748K -33,734 -13%
CIA
12
Capital Investment Advisors
Georgia
$3.8M +$679K +30,630 +21%
PPA
13
Parametric Portfolio Associates
Washington
$3.17M +$3.26M +147,081 New
CRC
14
Curi RMB Capital
Illinois
$2.84M +$1.36M +61,113 +87%
DA
15
Doliver Advisors
Texas
$2.8M +$1.44M +65,023 +100%
CWM
16
Cornerstone Wealth Management
Missouri
$2.69M +$986K +44,472 +330%
UBS Group
17
UBS Group
Switzerland
$2.63M +$47.8K +2,155 +2%
Ameriprise
18
Ameriprise
Minnesota
$2.43M -$124K -5,585 -5%
Northwestern Mutual Wealth Management
19
Northwestern Mutual Wealth Management
Wisconsin
$2.4M +$274K +12,334 +12%
IA
20
IFP Advisors
Florida
$2.17M +$118K +5,302 +6%
VIM
21
Vista Investment Management
Pennsylvania
$1.89M +$424K +19,118 +28%
RCM
22
Rivernorth Capital Management
Florida
$1.7M +$1.75M +78,750 New
LTFS
23
Ladenburg Thalmann Financial Services
Florida
$1.64M – – –
IWP
24
Icon Wealth Partners
Texas
$1.42M – – –
BTS
25
BB&T Securities
Virginia
$1.32M +$588K +26,510 +76%
1
2 3 4

FPF Hedge Fund Activity: Q2 2018 in Review

88 of the 4,368 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 $249M — up 9.2% from $228M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new FPF positions and 9 closed out — a net gain of 4 holders — while 34 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.

  • 88 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q2 2018, up from 84 in Q1 2018.
  • Funds reported $249M of First Trust Intermediate Duration Preferred & Income Fund stock for Q2 2018, up 9.2% 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.