First Trust Intermediate Duration Preferred & Income Fund
87 hedge funds and large institutions have $249M invested in First Trust Intermediate Duration Preferred & Income Fund in 2019 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 30 increasing their positions, 20 reducing their positions, and 12 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 20
42% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 12
5% more funds holding
Funds holding: 83 → 87 (+4)
0.01% more ownership
Funds ownership: 17.39% → 17.39% (+0.01%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% less capital invested
Capital invested by funds: $250M → $249M (-$397K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.11M |
| 2 |
Truist Financial
Charlotte,
North Carolina
|
+$2.42M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$2.26M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$2.19M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
-$11.1M |
| 2 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$1.65M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$761K |
| 4 |
LPL Financial
San Diego,
California
|
-$483K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$434K |
FPF Hedge Fund Activity: Q4 2019 in Review
87 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q4 2019, worth a combined $249M — down 0.16% from $250M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new FPF positions and 12 closed out — a net gain of 5 holders — while 30 added to existing stakes and 20 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $3.11M. The largest seller was Vident Investment Advisory, exiting entirely with an estimated $11.1M sold.
- 87 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q4 2019, up from 83 in Q3 2019.
- Funds reported $249M of First Trust Intermediate Duration Preferred & Income Fund stock for Q4 2019, down 0.16% quarter-over-quarter.
- 17 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q4 2019 and 12 closed out, a net change of +5 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q4 2019 was Morgan Stanley, an estimated $3.11M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q4 2019 was Vident Investment Advisory, an estimated $11.1M sold.
Based on aggregated 13F filings for Q4 2019.