First Trust Enhanced Equity Income Fund (FFA) : North Star Investment Management Corp. reduced its stake in First Trust Enhanced Equity Income Fund by 0.19% during the most recent quarter end. The investment management company now holds a total of 285,939 shares of First Trust Enhanced Equity Income Fund which is valued at $3,863,036 after selling 548 shares in First Trust Enhanced Equity Income Fund , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.First Trust Enhanced Equity Income Fund makes up approximately 0.70% of North Star Investment Management Corp.’s portfolio.
Other Hedge Funds, Including , Creative Planning reduced its stake in FFA by selling 1,000 shares or 66.67% in the most recent quarter. The Hedge Fund company now holds 500 shares of FFA which is valued at $6,755.Raymond James Trust N.a. boosted its stake in FFA in the latest quarter, The investment management firm added 1,371 additional shares and now holds a total of 23,362 shares of First Trust Enhanced Equity Income Fund which is valued at $317,256. First Trust Enhanced Equity Income Fund makes up approx 0.03% of Raymond James Trust N.a.’s portfolio.
First Trust Enhanced Equity Income Fund (the 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 invests in a diversified portfolio of equity securities. The Fund pursues an integrated investment strategy in which the Fund invests all of its managed assets in a diversified portfolio of common stocks of the United States corporations and the United States dollar-denominated equity securities of foreign issuers. These securities are traded on the United States securities exchanges. In addition on an ongoing and consistent basis the Fund writes (sells) covered call options on a portion of the Fund’s managed assets. First Trust Advisors L.P is the Investment Advisor of the Fund. Chartwell Investment Partners Inc. is the Portfolio Manager/Sub-Advisor of the Fund.