First Trust Intermediate Duration Preferred & Income Fund
101 hedge funds and large institutions have $267M invested in First Trust Intermediate Duration Preferred & Income Fund in 2020 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 31 increasing their positions, 33 reducing their positions, and 13 closing their positions.
46% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 13
16% more capital invested
Capital invested by funds: $230M → $267M (+$36.5M)
6% more funds holding
Funds holding: 95 → 101 (+6)
0.63% more ownership
Funds ownership: 17.63% → 18.26% (+0.63%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 33
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$4.79M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
+$4.4M |
| 3 |
Citigroup
New York
|
+$1.65M |
| 4 |
MA
Menlo Advisors
Menlo Park,
California
|
+$1.01M |
| 5 |
Cohen & Steers
New York
|
+$854K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$3.37M |
| 2 |
Morgan Stanley
New York
|
-$1.39M |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.15M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$834K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$542K |
FPF Hedge Fund Activity: Q4 2020 in Review
101 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q4 2020, worth a combined $267M — up 16% from $230M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new FPF positions and 13 closed out — a net gain of 6 holders — while 31 added to existing stakes and 33 trimmed.
The largest buyer was LPL Financial, adding an estimated $4.79M. The largest seller was Wells Fargo, cutting an estimated $3.37M.
- 101 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q4 2020, up from 95 in Q3 2020.
- Funds reported $267M of First Trust Intermediate Duration Preferred & Income Fund stock for Q4 2020, up 16% quarter-over-quarter.
- 19 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q4 2020 and 13 closed out, a net change of +6 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q4 2020 was LPL Financial, an estimated $4.79M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q4 2020 was Wells Fargo, an estimated $3.37M sold.
Based on aggregated 13F filings for Q4 2020.