First Trust Intermediate Duration Preferred & Income Fund
83 hedge funds and large institutions have $250M invested in First Trust Intermediate Duration Preferred & Income Fund in 2019 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 33 increasing their positions, 21 reducing their positions, and 15 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 21
3% more capital invested
Capital invested by funds: $243M → $250M (+$7.13M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.15% less ownership
Funds ownership: 17.54% → 17.39% (-0.15%)
6% less funds holding
Funds holding: 88 → 83 (-5)
27% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$4.04M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$3.32M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$2.24M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.16M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$735K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
-$3.56M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.4M |
| 3 |
VIM
Vista Investment Management
Pittsburgh,
Pennsylvania
|
-$1.85M |
| 4 |
Cohen & Steers
New York
|
-$1.71M |
| 5 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
-$1.07M |
FPF Hedge Fund Activity: Q3 2019 in Review
83 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q3 2019, worth a combined $250M — up 2.9% from $243M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of FPF and 11 opened new positions — a net loss of 4 holders — while 21 trimmed existing stakes and 33 added.
The largest buyer was Morgan Stanley, adding an estimated $4.04M. The largest seller was Stifel Financial, cutting an estimated $3.56M.
- 83 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q3 2019, down from 88 in Q2 2019.
- Funds reported $250M of First Trust Intermediate Duration Preferred & Income Fund stock for Q3 2019, up 2.9% quarter-over-quarter.
- 11 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q3 2019 and 15 closed out, a net change of -4 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q3 2019 was Morgan Stanley, an estimated $4.04M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q3 2019 was Stifel Financial, an estimated $3.56M sold.
Based on aggregated 13F filings for Q3 2019.