First Trust Intermediate Duration Preferred & Income Fund
95 hedge funds and large institutions have $230M invested in First Trust Intermediate Duration Preferred & Income Fund in 2020 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 32 increasing their positions, 29 reducing their positions, and 9 closing their positions.
44% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 9
10% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 29
4% more funds holding
Funds holding: 91 → 95 (+4)
2% more capital invested
Capital invested by funds: $227M → $230M (+$3.51M)
0.12% more ownership
Funds ownership: 17.51% → 17.63% (+0.12%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bramshill Investments
Naples,
Florida
|
+$3.95M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.06M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$844K |
| 4 |
JG
Jefferies Group
New York
|
+$612K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$594K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$3.91M |
| 2 |
Morgan Stanley
New York
|
-$1.74M |
| 3 |
Rockefeller Capital Management
New York
|
-$1.6M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$1.08M |
| 5 |
PFS
Prospera Financial Services
Dallas,
Texas
|
-$378K |
FPF Hedge Fund Activity: Q3 2020 in Review
95 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q3 2020, worth a combined $230M — up 1.5% from $227M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new FPF positions and 9 closed out — a net gain of 4 holders — while 32 added to existing stakes and 29 trimmed.
The largest buyer was Bramshill Investments, adding an estimated $3.95M. The largest seller was Wells Fargo, cutting an estimated $3.91M.
- 95 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q3 2020, up from 91 in Q2 2020.
- Funds reported $230M of First Trust Intermediate Duration Preferred & Income Fund stock for Q3 2020, up 1.5% quarter-over-quarter.
- 13 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q3 2020 and 9 closed out, a net change of +4 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q3 2020 was Bramshill Investments, an estimated $3.95M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q3 2020 was Wells Fargo, an estimated $3.91M sold.
Based on aggregated 13F filings for Q3 2020.