First Trust Intermediate Duration Preferred & Income Fund
110 hedge funds and large institutions have $331M invested in First Trust Intermediate Duration Preferred & Income Fund in 2021 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 40 increasing their positions, 31 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
29% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 31
1.11% more ownership
Funds ownership: 20.69% → 21.79% (+1.1%)
5% more capital invested
Capital invested by funds: $316M → $331M (+$15.4M)
0% more funds holding
Funds holding: 110 → 110 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$5.78M |
| 2 |
Morgan Stanley
New York
|
+$3.4M |
| 3 |
PCM
Penserra Capital Management
Orinda,
California
|
+$3.32M |
| 4 |
LPL Financial
San Diego,
California
|
+$3.27M |
| 5 |
BI
Bramshill Investments
Naples,
Florida
|
+$1.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.21M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.02M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$894K |
| 4 |
SCM
Sterneck Capital Management
Kansas City,
Missouri
|
-$795K |
| 5 |
ACA
Aptus Capital Advisors
Fairhope,
Alabama
|
-$686K |
FPF Hedge Fund Activity: Q3 2021 in Review
110 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q3 2021, worth a combined $331M — up 4.9% from $316M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new FPF positions and 6 closed out — a net gain of 3 holders — while 40 added to existing stakes and 31 trimmed.
The largest buyer was Ameriprise, adding an estimated $5.78M. The largest seller was Parametric Portfolio Associates, cutting an estimated $1.21M.
- 110 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q3 2021, unchanged from Q2 2021.
- Funds reported $331M of First Trust Intermediate Duration Preferred & Income Fund stock for Q3 2021, up 4.9% quarter-over-quarter.
- 9 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q3 2021 and 6 closed out, a net change of +3 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q3 2021 was Ameriprise, an estimated $5.78M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q3 2021 was Parametric Portfolio Associates, an estimated $1.21M sold.
Based on aggregated 13F filings for Q3 2021.