FFA

First Trust Enhanced Equity Income Fund
FFA

$20.06

0.2%

Market Cap: $401M

About: First Trust Enhanced Equity Income Fund is a diversified, closed-end management investment company. Its investment objective is to provide a high level of current income and gains and, to a lesser extent, capital appreciation. The Fund pursues its investment objective by investing in a diversified portfolio of equity securities.

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Funds holding %

of 6,728 funds

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Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

117% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 6

13% more funds holding

Funds holding: 55 [Q1] → 62 (+7) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

7.07% less ownership

Funds ownership: 36.62% [Q1] → 29.55% (-7.07%) [Q2]

15% less capital invested

Capital invested by funds: $138M [Q1] → $118M (-$20.5M) [Q2]

40% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 25

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Research analyst outlook

We haven’t received any recent analyst ratings for FFA.

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Financial journalist opinion

First Trust Enhanced Equity Income Fund Declares its Quarterly Distribution of $0.35 Per Share

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Enhanced Equity Income Fund (the "Fund") (NYSE: FFA) has declared the Fund's regularly scheduled quarterly distribution of $0.35 per share. The distribution will be payable on September 30, 2024, to shareholders of record as of September 20, 2024. The ex-dividend date is expected to be September 20, 2024. The quarterly distribution information for the Fund appears below. First Trust Enhanced Equity Income Fund (FFA): Distribution per share: $0.35 Dist.

First Trust Enhanced Equity Income Fund Declares its Quarterly Distribution of $0.35 Per Share

FFA: Looking Outside Of The Beaten Path For Hidden Gems

FFA offers high current income and potential capital appreciation through a diversified portfolio of high-quality stocks and a covered-call options strategy. FFA has historically strong total returns, trading at a significant P/E discount compared to S&P 500, and pays an attractive 7.0% managed distribution yield. FFA outperformed JEPI in total returns since inception, offering a potential alternative for investors concerned about high valuations in mega-cap stocks.

FFA: Looking Outside Of The Beaten Path For Hidden Gems

First Trust Enhanced Equity Income Fund Issues Notice Regarding June 2024 Distribution

WHEATON, Ill.--(BUSINESS WIRE)--The Board of Trustees of First Trust Enhanced Equity Income Fund (the "Fund") (NYSE: FFA), CUSIP 337318109, previously approved a managed distribution policy for the Fund (the "Managed Distribution Plan") in reliance on exemptive relief received from the Securities and Exchange Commission which permits the Fund to make periodic distributions of long-term capital gains more frequently than otherwise permitted with respect to its common shares subject to certain co.

First Trust Enhanced Equity Income Fund Issues Notice Regarding June 2024 Distribution

First Trust Enhanced Equity Income Fund Increases its Quarterly Distribution to $0.35 Per Share

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Enhanced Equity Income Fund (the "Fund") (NYSE: FFA) has increased its regularly scheduled quarterly distribution to $0.35 per share from $0.315 per share. The distribution will be payable on June 28, 2024, to shareholders of record as of June 21, 2024. The ex-dividend date is expected to be June 21, 2024. The quarterly distribution information for the Fund appears below. First Trust Enhanced Equity Income Fund (FFA): Distribution per share: $0.35 Dis.

First Trust Enhanced Equity Income Fund Increases its Quarterly Distribution to $0.35 Per Share

FFA: A Covered Call Fund Trading At An Interesting Discount

The First Trust Enhanced Equity Income Fund is a closed-end fund that utilizes a covered call strategy to generate extra income. FFA has a well-diversified portfolio with a focus on value stocks and an overweight position in the technology sector. Despite mixed short-term performance, FFA has consistently outperformed its benchmark and peer group over the long run.

FFA: A Covered Call Fund Trading At An Interesting Discount

First Trust Enhanced Equity Income Fund Issues Notice Regarding March 2024 Distribution

WHEATON, Ill.--(BUSINESS WIRE)--The Board of Trustees of First Trust Enhanced Equity Income Fund (the "Fund") (NYSE: FFA), CUSIP 337318109, previously approved a managed distribution policy for the Fund (the "Managed Distribution Plan") in reliance on exemptive relief received from the Securities and Exchange Commission which permits the Fund to make periodic distributions of long-term capital gains more frequently than otherwise permitted with respect to its common shares subject to certain co.

First Trust Enhanced Equity Income Fund Issues Notice Regarding March 2024 Distribution

FFA: If You Want To Buy Equities, Buy Them With A Discount

Equities have rallied into 2024, surpassing year-end forecasts and creating a bullish sentiment among retail investors. The First Trust Enhanced Equity Income Fund is a buy-write fund that closely tracks the S&P 500 and offers a discount to NAV. FFA has a dynamic options overlay strategy and a low proportion of its portfolio overwritten with calls, making it an attractive alternative to buying the S&P 500 outright.

FFA: If You Want To Buy Equities, Buy Them With A Discount

First Trust Enhanced Equity Income Fund Declares its Quarterly Distribution of $0.315 Per Share

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Enhanced Equity Income Fund (the "Fund") (NYSE: FFA) has declared the Fund's regularly scheduled quarterly distribution of $0.315 per share. The distribution will be payable on March 28, 2024, to shareholders of record as of March 25, 2024. The ex-dividend date is expected to be March 22, 2024. The quarterly distribution information for the Fund appears below. First Trust Enhanced Equity Income Fund (FFA): Distribution per share: $0.315 Distribution R.

First Trust Enhanced Equity Income Fund Declares its Quarterly Distribution of $0.315 Per Share

FFA: Not The Most Balanced Portfolio, But This Covered Call CEF Is Still Decent

The First Trust Enhanced Equity Income Fund employs a covered call-writing strategy to generate income from its portfolio without sacrificing upside potential. The fund's current yield of 7.01% is lower than some of its peers, but it is not as overwritten as all of them. The fund has outperformed the S&P 500 Index over the past three years, but its performance is expected to be stronger in bear or flat markets.

FFA: Not The Most Balanced Portfolio, But This Covered Call CEF Is Still Decent

ETB And FFA: An Opportunity For A Swap

Both the Eaton Vance Tax-Managed Buy-Write Income Fund and the First Trust Enhanced Equity Income Fund implement an options writing strategy but carry it out in different ways. They both deliver respectable distribution yields, with ETB paying monthly and FFA paying quarterly. However, the valuation difference between the two makes ETB look much more appealing on both an absolute and relative basis.

ETB And FFA: An Opportunity For A Swap

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