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FPF

First Trust Intermediate Duration Preferred & Income Fund

110 hedge funds and large institutions have $316M invested in First Trust Intermediate Duration Preferred & Income Fund in 2021 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 43 increasing their positions, 31 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

39% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 31

30% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 10

4% more capital invested

Capital invested by funds: $303M → $316M (+$13.3M)

1% more funds holding

Funds holding: 109110 (+1)

0.11% less ownership

Funds ownership: 20.79%20.69% (-0.11%)

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
110
Holders Change
+1
Holders Change %
+0.92%
% of All Funds
1.91%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
13
Increased
43
Reduced
31
Closed
10
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$109M +$1.02M +41,269 +1%
PPA
2
Parametric Portfolio Associates
Washington
$42.6M -$2.39M -96,694 -5%
Wells Fargo
3
Wells Fargo
California
$26.3M +$373K +15,119 +1%
Invesco
4
Invesco
Georgia
$17.3M +$657K +26,610 +4%
BI
5
Bramshill Investments
Florida
$12.2M +$1.57M +63,616 +15%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$10.1M +$218K +8,850 +2%
Cohen & Steers
7
Cohen & Steers
New York
$8.32M
LPL Financial
8
LPL Financial
California
$8.26M -$1.3M -52,492 -14%
Bank of America
9
Bank of America
North Carolina
$8.07M -$326K -13,230 -4%
HWAM
10
Hennion & Walsh Asset Management
New Jersey
$6.63M +$1.35M +54,785 +26%
UBS Group
11
UBS Group
Switzerland
$6.14M +$425K +17,238 +8%
Ameriprise
12
Ameriprise
Minnesota
$3.77M +$18K +730 +0.5%
Osaic Holdings
13
Osaic Holdings
Arizona
$3.68M -$396K -16,066 -10%
SCM
14
Sterneck Capital Management
Missouri
$3.67M -$394K -15,984 -10%
Truist Financial
15
Truist Financial
North Carolina
$2.56M +$274K +11,104 +12%
Northwestern Mutual Wealth Management
16
Northwestern Mutual Wealth Management
Wisconsin
$2.19M -$129K -5,211 -6%
Baird Financial Group
17
Baird Financial Group
Wisconsin
$2.14M +$49.6K +2,012 +2%
Rockefeller Capital Management
18
Rockefeller Capital Management
New York
$1.7M +$126K +5,114 +8%
JG
19
Jefferies Group
New York
$1.67M -$587K -23,771 -26%
RJFSA
20
Raymond James Financial Services Advisors
Florida
$1.61M +$177K +7,163 +13%
IWP
21
Icon Wealth Partners
Texas
$1.55M +$301K +12,216 +25%
FF
22
FourThought Financial
Florida
$1.49M -$4.32K -175 -0.3%
MC
23
Mathes Company
New York
$1.47M
Stifel Financial
24
Stifel Financial
Missouri
$1.4M +$50.4K +2,044 +4%
Fiera Capital (Canada)
25
Fiera Capital (Canada)
Quebec, Canada
$1.37M +$319K +12,948 +31%

FPF Hedge Fund Activity: Q2 2021 in Review

110 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q2 2021, worth a combined $316M — up 4.4% from $303M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new FPF positions and 10 closed out — a net gain of 3 holders — while 43 added to existing stakes and 31 trimmed.

The largest buyer was Bramshill Investments, adding an estimated $1.57M. The largest seller was Parametric Portfolio Associates, cutting an estimated $2.39M.

  • 110 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q2 2021, up from 109 in Q1 2021.
  • Funds reported $316M of First Trust Intermediate Duration Preferred & Income Fund stock for Q2 2021, up 4.4% quarter-over-quarter.
  • 13 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q2 2021 and 10 closed out, a net change of +3 holders.
  • The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q2 2021 was Bramshill Investments, an estimated $1.57M added.
  • The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q2 2021 was Parametric Portfolio Associates, an estimated $2.39M sold.

Based on aggregated 13F filings for Q2 2021.