Virtus Diversified Income & Convertible Fund
ACV
26 hedge funds and large institutions have $42.2M invested in Virtus Diversified Income & Convertible Fund in 2019 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 6 increasing their positions, 9 reducing their positions, and 6 closing their positions.
33% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 6
14% more capital invested
Capital invested by funds: $37M → $42.2M (+$5.12M)
8% more funds holding
Funds holding: 24 → 26 (+2)
1.23% less ownership
Funds ownership: 19.36% → 18.13% (-1.2%)
33% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$1.17M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.07M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$538K |
| 4 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$489K |
| 5 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
+$231K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.26M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.56M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$679K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$642K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$517K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
26
Wolverine Asset Management
Chicago,
Illinois
| – | -$1.56M | -83,875 | Closed |
|
|
27
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$679K | -36,491 | Closed |
|
|
OFG
28
OTA Financial Group
Purchase,
New York
| – | -$438K | -23,563 | Closed |
|
|
QCIG
29
Quad-Cities Investment Group
Davenport,
Iowa
| – | -$22K | -1,180 | Closed |
|
|
DWM
30
Doyle Wealth Management
St. Petersburg,
Florida
| – | -$1K | -57 | Closed |
|
|
TRCT
31
Tower Research Capital (TRC)
New York
| – | -$1K | -50 | Closed |
|
32
Fidelity Investments
Boston,
Massachusetts
| – | +$21 | +1 | New |
|
ACV Hedge Fund Activity: Q1 2019 in Review
26 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Virtus Diversified Income & Convertible Fund (ACV) for Q1 2019, worth a combined $42.2M — up 14% from $37M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new ACV positions and 6 closed out — a net gain of 2 holders — while 6 added to existing stakes and 9 trimmed.
The largest buyer was Wells Fargo, adding an estimated $1.17M. The largest seller was Advisors Asset Management, cutting an estimated $2.26M.
- 26 institutional investors held Virtus Diversified Income & Convertible Fund (ACV) as of Q1 2019, up from 24 in Q4 2018.
- Funds reported $42.2M of Virtus Diversified Income & Convertible Fund stock for Q1 2019, up 14% quarter-over-quarter.
- 8 funds opened new Virtus Diversified Income & Convertible Fund positions in Q1 2019 and 6 closed out, a net change of +2 holders.
- The largest Virtus Diversified Income & Convertible Fund buyer in Q1 2019 was Wells Fargo, an estimated $1.17M added.
- The largest Virtus Diversified Income & Convertible Fund seller in Q1 2019 was Advisors Asset Management, an estimated $2.26M sold.
Based on aggregated 13F filings for Q1 2019.