First Trust Intermediate Duration Preferred & Income Fund
101 hedge funds and large institutions have $311M invested in First Trust Intermediate Duration Preferred & Income Fund in 2022 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 44 increasing their positions, 29 reducing their positions, and 14 closing their positions.
52% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 29
0.85% more ownership
Funds ownership: 22.44% → 23.29% (+0.85%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 14
3% less funds holding
Funds holding: 104 → 101 (-3)
7% less capital invested
Capital invested by funds: $335M → $311M (-$23.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$9.28M |
| 2 |
PCM
Penserra Capital Management
Orinda,
California
|
+$2.14M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$1.88M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.22M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$3.63M |
| 2 |
LPL Financial
San Diego,
California
|
-$1.8M |
| 3 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$414K |
| 4 |
OFG
OTA Financial Group
Purchase,
New York
|
-$409K |
| 5 |
Rockefeller Capital Management
New York
|
-$278K |
FPF Hedge Fund Activity: Q1 2022 in Review
101 of the 6,360 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q1 2022, worth a combined $311M — down 7% from $335M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of FPF and 13 opened new positions — a net loss of 1 holder — while 29 trimmed existing stakes and 44 added.
The largest buyer was Morgan Stanley, adding an estimated $9.28M. The largest seller was Wells Fargo, cutting an estimated $3.63M.
- 101 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q1 2022, down from 104 in Q4 2021.
- Funds reported $311M of First Trust Intermediate Duration Preferred & Income Fund stock for Q1 2022, down 7% quarter-over-quarter.
- 13 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q1 2022 and 14 closed out, a net change of -1 holder.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q1 2022 was Morgan Stanley, an estimated $9.28M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q1 2022 was Wells Fargo, an estimated $3.63M sold.
Based on aggregated 13F filings for Q1 2022.