Stock of The Day: First Trust Enhanced Equity Income Fund (NYSE:FFA) Institutional Investors Sentiment Index Crashed in 2016 Q2

November 15, 2016 - By Clifton Ray   ·   0 Comments

Stock of The Day: First Trust Enhanced Equity Income Fund (NYSE:FFA) Institutional Investors Sentiment Index  Crashed in  2016 Q2

Sentiment for First Trust Enhanced Equity Income Fund (NYSE:FFA)

First Trust Enhanced Equity Income Fund (NYSE:FFA) institutional sentiment decreased to 0.46 in 2016 Q2. Its down -0.64, from 1.1 in 2016Q1. The ratio turned negative, as 11 hedge funds increased or started new stock positions, while 24 reduced and sold equity positions in First Trust Enhanced Equity Income Fund. The hedge funds in our partner’s database now own: 6.07 million shares, down from 6.59 million shares in 2016Q1. Also, the number of hedge funds holding First Trust Enhanced Equity Income Fund in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 7 Reduced: 17 Increased: 9 New Position: 2.

First Trust Enhanced Equity Income Fund is a diversified, closed-end management investment company. The company has a market cap of $263.63 million. The Fund’s investment objective is to provide a high level of current income and gains and, to a lesser extent, capital appreciation. It currently has negative earnings. The Fund invests in a diversified portfolio of equity securities.

About 22,847 shares traded hands. First Trust Enhanced Equity Income Fund (NYSE:FFA) has risen 1.54% since April 13, 2016 and is uptrending. It has underperformed by 2.38% the S&P500.

Shaker Financial Services Llc holds 0.92% of its portfolio in First Trust Enhanced Equity Income Fund for 101,560 shares. Karpus Management Inc. owns 1.32 million shares or 0.89% of their US portfolio. Moreover, North Star Investment Management Corp. has 0.69% invested in the company for 286,487 shares. The Pennsylvania-based Blue Bell Private Wealth Management Llc has invested 0.61% in the stock. Doliver Capital Advisors Inc., a Texas-based fund reported 40,949 shares.#img1#

FFA Company Profile

First Trust Enhanced Equity Income Fund (the Fund), formerly First Trust/Fiduciary Asset Management Covered Call Fund, is a diversified closed-end management investment company. The Fund’s investment objective is to provide a high level of current income and gains and, to a lesser extent, capital appreciation. The Fund focuses on investing in a diversified portfolio of equity securities and writing (selling) call options on at least 80% of the Fund’s Managed Assets.

More notable recent First Trust Enhanced Equity Income Fund (NYSE:FFA) news were published by: Businesswire.com which released: “First Trust Advisors L.P. Announces Portfolio Manager Conference Call for …” on March 09, 2016, also Businesswire.com with their article: “First Trust Advisors LP Announces Share Repurchase Programs for Certain Closed …” published on September 14, 2016, Seekingalpha.com published: “In Search Of Income: Covered Call CEFs (Part II – Specific Funds)” on January 07, 2015. More interesting news about First Trust Enhanced Equity Income Fund (NYSE:FFA) were released by: Seekingalpha.com and their article: “In Search Of Income: Covered Call CEFs (Part I – Sector Analysis)” published on January 06, 2015 as well as Businesswire.com‘s news article titled: “First Trust Advisors L.P. Announces Portfolio Manager Conference Call for …” with publication date: March 15, 2016.

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By Clifton Ray


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