First Trust Intermediate Duration Preferred & Income Fund
100 hedge funds and large institutions have $266M invested in First Trust Intermediate Duration Preferred & Income Fund in 2022 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 33 increasing their positions, 35 reducing their positions, and 14 closing their positions.
0.07% more ownership
Funds ownership: 23.29% → 23.36% (+0.07%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 14
1% less funds holding
Funds holding: 101 → 100 (-1)
6% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 35
15% less capital invested
Capital invested by funds: $311M → $266M (-$45.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$30.1M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.98M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.54M |
| 4 |
IFG
Independent Financial Group
San Diego,
California
|
+$908K |
| 5 |
VIM
Vista Investment Management
Pittsburgh,
Pennsylvania
|
+$452K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MA
Menlo Advisors
Menlo Park,
California
|
-$1.04M |
| 2 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$907K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$524K |
| 4 |
Rockefeller Capital Management
New York
|
-$374K |
| 5 |
BI
Bramshill Investments
Naples,
Florida
|
-$352K |
FPF Hedge Fund Activity: Q2 2022 in Review
100 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q2 2022, worth a combined $266M — down 15% from $311M a quarter earlier.
Fund positioning in FPF was balanced in Q2 2022: 14 funds opened new positions, 14 closed out, 33 added to existing stakes and 35 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $30.1M. The largest seller was Menlo Advisors, exiting entirely with an estimated $1.04M sold.
- 100 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q2 2022, down from 101 in Q1 2022.
- Funds reported $266M of First Trust Intermediate Duration Preferred & Income Fund stock for Q2 2022, down 15% quarter-over-quarter.
- 14 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q2 2022 and 14 closed out, a net change of 0 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q2 2022 was Morgan Stanley, an estimated $30.1M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q2 2022 was Menlo Advisors, an estimated $1.04M sold.
Based on aggregated 13F filings for Q2 2022.