First Trust Enhanced Equity Income Fund (NYSE:FFA) Trading Down 0.3%

Shares of First Trust Enhanced Equity Income Fund (NYSE:FFA) traded down 0.3% during trading on Thursday . The stock traded as low as $16.42 and last traded at $16.47, 1,018 shares were traded during mid-day trading. A decline of 97% from the average session volume of 39,181 shares. The stock had previously closed at $16.52.

The firm’s 50-day moving average price is $16.11 and its 200 day moving average price is $15.75.

Several hedge funds have recently added to or reduced their stakes in FFA. Exeter Financial LLC acquired a new stake in shares of First Trust Enhanced Equity Income Fund in the second quarter valued at approximately $4,951,000. Morgan Stanley boosted its position in First Trust Enhanced Equity Income Fund by 3.0% during the second quarter. Morgan Stanley now owns 1,203,950 shares of the company’s stock worth $19,251,000 after acquiring an additional 34,551 shares during the last quarter. Royal Bank of Canada boosted its position in First Trust Enhanced Equity Income Fund by 6.5% during the second quarter. Royal Bank of Canada now owns 209,849 shares of the company’s stock worth $3,356,000 after acquiring an additional 12,831 shares during the last quarter. Capital Investment Advisory Services LLC acquired a new stake in First Trust Enhanced Equity Income Fund during the third quarter worth approximately $56,000. Finally, Smart Money Group LLC boosted its position in First Trust Enhanced Equity Income Fund by 1.8% during the second quarter. Smart Money Group LLC now owns 174,096 shares of the company’s stock worth $2,784,000 after acquiring an additional 3,156 shares during the last quarter.

About First Trust Enhanced Equity Income Fund (NYSE:FFA)

First Trust Enhanced Equity Income Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Chartwell Investment Partners, L.P. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across the diversified sectors.

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