Virtus Convertible & Income 2024 Target Term Fund
CBH
CBH was delisted on the 26th of August, 2024.
28 hedge funds and large institutions have $40.7M invested in Virtus Convertible & Income 2024 Target Term Fund in 2019 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 8 reducing their positions, and 4 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 8
3% more capital invested
Capital invested by funds: $39.5M → $40.7M (+$1.12M)
0% more funds holding
Funds holding: 28 → 28 (0)
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$502K |
| 2 |
CPIG
Chicago Partners Investment Group
Chicago,
Illinois
|
+$451K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$374K |
| 4 |
SPIA
Steward Partners Investment Advisory
New York
|
+$313K |
| 5 |
EGA
E&G Advisors
Houston,
Texas
|
+$261K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.07M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$452K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$446K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$395K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$183K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AG
26
Advisor Group
Phoenix,
Arizona
| $8K | – | – | – |
|
|
RCM
27
Rivernorth Capital Management
West Palm Beach,
Florida
| $2.46K | -$4.07M | -436,117 | -63% |
|
|
TJHA
28
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$174K | -18,896 | Closed |
|
29
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$112K | -12,105 | Closed |
|
|
CBT
30
Capital Bank & Trust
Irvine,
California
| – | -$32K | -3,500 | Closed |
|
|
LTFS
31
Ladenburg Thalmann Financial Services
Miami,
Florida
| – | -$6K | -586 | Closed |
|
|
FIA
32
FNY Investment Advisers
New York
| – | +$803 | +86 | New |
|
CBH Hedge Fund Activity: Q3 2019 in Review
28 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income 2024 Target Term Fund (CBH) for Q3 2019, worth a combined $40.7M — up 2.8% from $39.5M a quarter earlier.
Fund positioning in CBH was balanced in Q3 2019: 4 funds opened new positions, 4 closed out, 11 added to existing stakes and 8 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $502K. The largest seller was Rivernorth Capital Management, cutting an estimated $4.07M.
- 28 institutional investors held Virtus Convertible & Income 2024 Target Term Fund (CBH) as of Q3 2019, unchanged from Q2 2019.
- Funds reported $40.7M of Virtus Convertible & Income 2024 Target Term Fund stock for Q3 2019, up 2.8% quarter-over-quarter.
- 4 funds opened new Virtus Convertible & Income 2024 Target Term Fund positions in Q3 2019 and 4 closed out, a net change of 0 holders.
- The largest Virtus Convertible & Income 2024 Target Term Fund buyer in Q3 2019 was Morgan Stanley, an estimated $502K added.
- The largest Virtus Convertible & Income 2024 Target Term Fund seller in Q3 2019 was Rivernorth Capital Management, an estimated $4.07M sold.
Based on aggregated 13F filings for Q3 2019.