First Trust Intermediate Duration Preferred & Income Fund
91 hedge funds and large institutions have $227M invested in First Trust Intermediate Duration Preferred & Income Fund in 2020 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 30 increasing their positions, 26 reducing their positions, and 12 closing their positions.
25% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 12
19% more capital invested
Capital invested by funds: $190M → $227M (+$36.4M)
15% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 26
3% more funds holding
Funds holding: 88 → 91 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.1% less ownership
Funds ownership: 17.6% → 17.51% (-0.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$3.83M |
| 2 |
Rockefeller Capital Management
New York
|
+$1.8M |
| 3 |
BI
Bramshill Investments
Naples,
Florida
|
+$1.45M |
| 4 |
JG
Jefferies Group
New York
|
+$1.27M |
| 5 |
TC
Telemus Capital
Southfield,
Michigan
|
+$805K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$3.2M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
-$2.52M |
| 3 |
Morgan Stanley
New York
|
-$2.39M |
| 4 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
-$1.11M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.03M |
FPF Hedge Fund Activity: Q2 2020 in Review
91 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q2 2020, worth a combined $227M — up 19% from $190M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new FPF positions and 12 closed out — a net gain of 3 holders — while 30 added to existing stakes and 26 trimmed.
The largest buyer was Wells Fargo, adding an estimated $3.83M. The largest seller was Invesco, cutting an estimated $3.2M.
- 91 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q2 2020, up from 88 in Q1 2020.
- Funds reported $227M of First Trust Intermediate Duration Preferred & Income Fund stock for Q2 2020, up 19% quarter-over-quarter.
- 15 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q2 2020 and 12 closed out, a net change of +3 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q2 2020 was Wells Fargo, an estimated $3.83M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q2 2020 was Invesco, an estimated $3.2M sold.
Based on aggregated 13F filings for Q2 2020.