FFA: This Fund Has Become Even More Concentrated In Tech [Seeking Alpha]
First Trust Enhanced Equity Income Fund (FFA)
US:NYSE Investor Relations:
ftportfolios.com/retail/cef/cefsummary.aspx?ticker=ffa
Company Research
Source: Seeking Alpha
SP500 CII STK EOS MCN IGA MSFT AAPL NVDA JPM GOOG AJG KO ABBV MRK LLY JINXX RSP UNH CB VMVXX NVDA:CA VMIXX MSFT:CA VPMXX UNH:CA LLY:CA AAPL:CA ABBV:CA CJPXX COLA:CA EJPXX GOOG:CA GOOGL JIMXX JPAXX JPM.PR.C JPM.PR.D JPM.PR.J JPM.PR.K JPM.PR.L JPM.PR.M JPM:CA JRVXX Power Hedge Investing Group Leader Follow Play 25min Summary The First Trust Enhanced Equity Income Fund offers a 7.00% yield through a covered call strategy, but its yield is lower than some peers. The fund's recent performance includes an 11.79% gain, though it lagged behind the S&P 500 due to its income-focused strategy. Despite a high weighting in low-yielding mega-cap tech stocks, the fund's covered call strategy boosts income, making it attractive for income-focused investors. The fund's exposure to the mega-cap technology stocks has been increasing over the past few months, which makes it more difficult to avoid concentration risk across a portfolio. The fund's recent distribution increase and so
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Sec Filings
- 9/9/24 - Form N-CSRS
- 8/26/24 - Form N-PX
- FFA's page on the SEC website