Virtus Convertible & Income 2024 Target Term Fund
CBH
CBH was delisted on the 26th of August, 2024.
26 hedge funds and large institutions have $45.4M invested in Virtus Convertible & Income 2024 Target Term Fund in 2021 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 6 reducing their positions, and 4 closing their positions.
83% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 6
1% more capital invested
Capital invested by funds: $45.1M → $45.4M (+$327K)
4% less funds holding
Funds holding: 27 → 26 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
+$804K |
| 2 |
Morgan Stanley
New York
|
+$289K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$187K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$160K |
| 5 |
VF
Virtu Financial
New York
|
+$115K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$835K |
| 2 |
EGA
E&G Advisors
Houston,
Texas
|
-$682K |
| 3 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$267K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$247K |
| 5 |
SPIA
Steward Partners Investment Advisory
New York
|
-$237K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Osaic Holdings
Scottsdale,
Arizona
| $33K | – | – | – |
|
|
NFSG
27
Newbridge Financial Services Group
Boca Raton,
Florida
| $26K | – | – | – |
|
|
RCM
28
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$835K | -80,632 | Closed |
|
|
HWAM
29
Hennion & Walsh Asset Management
Parsippany,
New Jersey
| – | -$267K | -25,806 | Closed |
|
CBH Hedge Fund Activity: Q2 2021 in Review
26 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income 2024 Target Term Fund (CBH) for Q2 2021, worth a combined $45.4M — up 0.73% from $45.1M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of CBH and 3 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 11 added.
The largest buyer was Stifel Financial, adding an estimated $804K. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $835K sold.
- 26 institutional investors held Virtus Convertible & Income 2024 Target Term Fund (CBH) as of Q2 2021, down from 27 in Q1 2021.
- Funds reported $45.4M of Virtus Convertible & Income 2024 Target Term Fund stock for Q2 2021, up 0.73% quarter-over-quarter.
- 3 funds opened new Virtus Convertible & Income 2024 Target Term Fund positions in Q2 2021 and 4 closed out, a net change of -1 holder.
- The largest Virtus Convertible & Income 2024 Target Term Fund buyer in Q2 2021 was Stifel Financial, an estimated $804K added.
- The largest Virtus Convertible & Income 2024 Target Term Fund seller in Q2 2021 was Rivernorth Capital Management, an estimated $835K sold.
Based on aggregated 13F filings for Q2 2021.