First Trust Intermediate Duration Preferred & Income Fund
91 hedge funds and large institutions have $220M invested in First Trust Intermediate Duration Preferred & Income Fund in 2018 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 34 increasing their positions, 30 reducing their positions, and 11 closing their positions.
45% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 11
13% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 30
5% more funds holding
Funds holding: 87 → 91 (+4)
2.2% less ownership
Funds ownership: 18.81% → 16.62% (-2.2%)
11% less capital invested
Capital invested by funds: $247M → $220M (-$26.6M)
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$7.72M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$3.06M |
| 3 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$1.98M |
| 4 |
CF
Centaurus Financial
Anaheim,
California
|
+$1.14M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HWA
HCR Wealth Advisors
Los Angeles,
California
|
-$26M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
-$6.07M |
| 3 |
Bessemer Group
Woodbridge,
New Jersey
|
-$5.77M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$2.68M |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$2.12M |
FPF Hedge Fund Activity: Q3 2018 in Review
91 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q3 2018, worth a combined $220M — down 11% from $247M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new FPF positions and 11 closed out — a net gain of 5 holders — while 34 added to existing stakes and 30 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $7.72M. The largest seller was HCR Wealth Advisors, cutting an estimated $26M.
- 91 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q3 2018, up from 87 in Q2 2018.
- Funds reported $220M of First Trust Intermediate Duration Preferred & Income Fund stock for Q3 2018, down 11% quarter-over-quarter.
- 16 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q3 2018 and 11 closed out, a net change of +5 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q3 2018 was Morgan Stanley, an estimated $7.72M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q3 2018 was HCR Wealth Advisors, an estimated $26M sold.
Based on aggregated 13F filings for Q3 2018.