Virtus Diversified Income & Convertible Fund
ACV
28 hedge funds and large institutions have $39M invested in Virtus Diversified Income & Convertible Fund in 2019 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 10 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
8% more funds holding
Funds holding: 26 → 28 (+2)
1.92% less ownership
Funds ownership: 18.13% → 16.2% (-1.9%)
7% less capital invested
Capital invested by funds: $42.2M → $39M (-$3.12M)
20% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$208K |
| 2 |
AG
Advisor Group
Phoenix,
Arizona
|
+$107K |
| 3 |
WS
Wedbush Securities
Los Angeles,
California
|
+$42.7K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$21.6K |
| 5 |
SPIA
Steward Partners Investment Advisory
New York
|
+$21.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.02M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$896K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$624K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$366K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$303K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EFSCE
26
Enterprise Financial Services Corp (EFSC)
Clayton,
Missouri
| $6K | – | – | – |
|
27
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $1K | – | – | – |
|
|
DWM
28
Doyle Wealth Management
St. Petersburg,
Florida
| $1K | +$1.32K | +57 | New |
|
|
ACM
29
Arlington Capital Management
Arlington Heights,
Illinois
| – | -$243K | -10,740 | Closed |
|
ACV Hedge Fund Activity: Q2 2019 in Review
28 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Virtus Diversified Income & Convertible Fund (ACV) for Q2 2019, worth a combined $39M — down 7.4% from $42.2M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new ACV positions and 2 closed out — a net gain of 2 holders — while 8 added to existing stakes and 10 trimmed.
The largest buyer was LPL Financial, opening a new position worth an estimated $208K. The largest seller was Advisors Asset Management, cutting an estimated $2.02M.
- 28 institutional investors held Virtus Diversified Income & Convertible Fund (ACV) as of Q2 2019, up from 26 in Q1 2019.
- Funds reported $39M of Virtus Diversified Income & Convertible Fund stock for Q2 2019, down 7.4% quarter-over-quarter.
- 4 funds opened new Virtus Diversified Income & Convertible Fund positions in Q2 2019 and 2 closed out, a net change of +2 holders.
- The largest Virtus Diversified Income & Convertible Fund buyer in Q2 2019 was LPL Financial, an estimated $208K added.
- The largest Virtus Diversified Income & Convertible Fund seller in Q2 2019 was Advisors Asset Management, an estimated $2.02M sold.
Based on aggregated 13F filings for Q2 2019.