Virtus Diversified Income & Convertible Fund
ACV
30 hedge funds and large institutions have $30M invested in Virtus Diversified Income & Convertible Fund in 2022 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 7 increasing their positions, 13 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
3% more funds holding
Funds holding: 29 → 30 (+1)
1.94% less ownership
Funds ownership: 18.42% → 16.48% (-1.9%)
20% less capital invested
Capital invested by funds: $37.3M → $30M (-$7.29M)
46% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$840K |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$301K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$226K |
| 4 |
LPL Financial
San Diego,
California
|
+$136K |
| 5 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$67.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.44M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.37M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.2M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$386K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$351K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FIA
26
FNY Investment Advisers
New York
| $15K | – | – | – |
|
|
MA
27
Montag & Associates
Atlanta,
Georgia
| $4K | – | – | – |
|
28
JP Morgan Chase
New York
| $1K | +$660 | +31 | New |
|
|
TWA
29
TCI Wealth Advisors
Tucson,
Arizona
| $1K | +$1.28K | +60 | New |
|
|
RJFSA
30
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$351K | -17,976 | Closed |
|
31
Invesco
Atlanta,
Georgia
| – | -$339K | -17,374 | Closed |
|
32
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$215K | -11,053 | Closed |
|
ACV Hedge Fund Activity: Q3 2022 in Review
30 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Virtus Diversified Income & Convertible Fund (ACV) for Q3 2022, worth a combined $30M — down 20% from $37.3M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new ACV positions and 4 closed out — a net gain of 1 holder — while 7 added to existing stakes and 13 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $840K. The largest seller was Advisors Asset Management, cutting an estimated $1.44M.
- 30 institutional investors held Virtus Diversified Income & Convertible Fund (ACV) as of Q3 2022, up from 29 in Q2 2022.
- Funds reported $30M of Virtus Diversified Income & Convertible Fund stock for Q3 2022, down 20% quarter-over-quarter.
- 5 funds opened new Virtus Diversified Income & Convertible Fund positions in Q3 2022 and 4 closed out, a net change of +1 holder.
- The largest Virtus Diversified Income & Convertible Fund buyer in Q3 2022 was Morgan Stanley, an estimated $840K added.
- The largest Virtus Diversified Income & Convertible Fund seller in Q3 2022 was Advisors Asset Management, an estimated $1.44M sold.
Based on aggregated 13F filings for Q3 2022.