First Trust Intermediate Duration Preferred & Income Fund
FPF
88 hedge funds and large institutions have $243M invested in First Trust Intermediate Duration Preferred & Income Fund in 2019 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 29 increasing their positions, 27 reducing their positions, and 7 closing their positions.
57% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 7
1% more funds holding
Funds holding: 87 → 88 (+1)
7% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 27
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% less capital invested
Capital invested by funds: $243M → $243M (-$810K)
0.61% less ownership
Funds ownership: 18.15% → 17.54% (-0.61%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$2.68M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.36M |
| 3 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
+$1.08M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$533K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$448K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$4.89M |
| 2 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$4.79M |
| 3 |
HWA
HCR Wealth Advisors
Los Angeles,
California
|
-$3.08M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$2.31M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.33M |
FPF Hedge Fund Activity: Q2 2019 in Review
88 of the 4,626 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q2 2019, worth a combined $243M — down 0.33% from $243M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FPF positions and 7 closed out — a net gain of 4 holders — while 29 added to existing stakes and 27 trimmed.
The largest buyer was Cohen & Steers, adding an estimated $2.68M. The largest seller was Morgan Stanley, cutting an estimated $4.89M.
- 88 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q2 2019, up from 87 in Q1 2019.
- Funds reported $243M of First Trust Intermediate Duration Preferred & Income Fund stock for Q2 2019, down 0.33% quarter-over-quarter.
- 11 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q2 2019 and 7 closed out, a net change of +4 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q2 2019 was Cohen & Steers, an estimated $2.68M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q2 2019 was Morgan Stanley, an estimated $4.89M sold.
Based on aggregated 13F filings for Q2 2019.