Virtus Convertible & Income 2024 Target Term Fund
CBH
CBH was delisted on the 26th of August, 2024.
28 hedge funds and large institutions have $39.5M invested in Virtus Convertible & Income 2024 Target Term Fund in 2019 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 8 reducing their positions, and 3 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 8
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
4% more funds holding
Funds holding: 27 → 28 (+1)
16% less capital invested
Capital invested by funds: $46.8M → $39.5M (-$7.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$694K |
| 2 |
Morgan Stanley
New York
|
+$667K |
| 3 |
SPIA
Steward Partners Investment Advisory
New York
|
+$615K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$251K |
| 5 |
EGA
E&G Advisors
Houston,
Texas
|
+$224K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.37M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.19M |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$823K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$488K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$357K |
CBH Hedge Fund Activity: Q2 2019 in Review
28 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income 2024 Target Term Fund (CBH) for Q2 2019, worth a combined $39.5M — down 16% from $46.8M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new CBH positions and 3 closed out — a net gain of 1 holder — while 15 added to existing stakes and 8 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $694K. The largest seller was Rivernorth Capital Management, cutting an estimated $2.37M.
- 28 institutional investors held Virtus Convertible & Income 2024 Target Term Fund (CBH) as of Q2 2019, up from 27 in Q1 2019.
- Funds reported $39.5M of Virtus Convertible & Income 2024 Target Term Fund stock for Q2 2019, down 16% quarter-over-quarter.
- 4 funds opened new Virtus Convertible & Income 2024 Target Term Fund positions in Q2 2019 and 3 closed out, a net change of +1 holder.
- The largest Virtus Convertible & Income 2024 Target Term Fund buyer in Q2 2019 was Royal Bank of Canada, an estimated $694K added.
- The largest Virtus Convertible & Income 2024 Target Term Fund seller in Q2 2019 was Rivernorth Capital Management, an estimated $2.37M sold.
Based on aggregated 13F filings for Q2 2019.