First Trust Intermediate Duration Preferred & Income Fund
FPF
110 hedge funds and large institutions have $307M invested in First Trust Intermediate Duration Preferred & Income Fund in 2024 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 33 increasing their positions, 36 reducing their positions, and 9 closing their positions.
11% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 9
0% more funds holding
Funds holding: 110 → 110 (0)
0.38% less ownership
Funds ownership: 27.84% → 27.45% (-0.38%)
8% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 36
22% less capital inflows, than outflows
Capital inflows: $13.1M | Capital outflows: $16.8M
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$4.88M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.53M |
| 3 |
LPL Financial
San Diego,
California
|
+$1.18M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$624K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$492K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$4.81M |
| 2 |
PI
PFG Investments
Woodbury,
New York
|
-$2.76M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.92M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.39M |
| 5 |
MOS
MGO One Seven
Beachwood,
Ohio
|
-$776K |
FPF Hedge Fund Activity: Q2 2024 in Review
110 of the 6,940 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q2 2024, worth a combined $307M — up 1.2% from $303M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new FPF positions and 9 closed out — a net gain of 1 holder — while 33 added to existing stakes and 36 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $4.88M. The largest seller was Ameriprise, cutting an estimated $4.81M.
- 110 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q2 2024, unchanged from Q1 2024.
- Funds reported $307M of First Trust Intermediate Duration Preferred & Income Fund stock for Q2 2024, up 1.2% quarter-over-quarter.
- 10 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q2 2024 and 9 closed out, a net change of +1 holder.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q2 2024 was Morgan Stanley, an estimated $4.88M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q2 2024 was Ameriprise, an estimated $4.81M sold.
Based on aggregated 13F filings for Q2 2024.