Virtus Diversified Income & Convertible Fund
ACV
23 hedge funds and large institutions have $36M invested in Virtus Diversified Income & Convertible Fund in 2017 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 4 reducing their positions, and 2 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 4
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
10% more capital invested
Capital invested by funds: $32.8M → $36M (+$3.24M)
5% more funds holding
Funds holding: 22 → 23 (+1)
0.95% more ownership
Funds ownership: 14.39% → 15.34% (+0.95%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.32M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.94M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$1.33M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.07M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$253K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.71M |
| 2 |
LPL Financial
San Diego,
California
|
-$1.47M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$735K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$334K |
| 5 |
TDC
Thompson Davis & Co
Richmond,
Virginia
|
-$99.5K |
ACV Hedge Fund Activity: Q2 2017 in Review
23 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Virtus Diversified Income & Convertible Fund (ACV) for Q2 2017, worth a combined $36M — up 9.9% from $32.8M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new ACV positions and 2 closed out — a net gain of 1 holder — while 12 added to existing stakes and 4 trimmed.
The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $3.32M. The largest seller was Rivernorth Capital Management, cutting an estimated $4.71M.
- 23 institutional investors held Virtus Diversified Income & Convertible Fund (ACV) as of Q2 2017, up from 22 in Q1 2017.
- Funds reported $36M of Virtus Diversified Income & Convertible Fund stock for Q2 2017, up 9.9% quarter-over-quarter.
- 3 funds opened new Virtus Diversified Income & Convertible Fund positions in Q2 2017 and 2 closed out, a net change of +1 holder.
- The largest Virtus Diversified Income & Convertible Fund buyer in Q2 2017 was Parametric Portfolio Associates, an estimated $3.32M added.
- The largest Virtus Diversified Income & Convertible Fund seller in Q2 2017 was Rivernorth Capital Management, an estimated $4.71M sold.
Based on aggregated 13F filings for Q2 2017.