Virtus Convertible & Income 2024 Target Term Fund
CBH
CBH was delisted on the 26th of August, 2024.
19 hedge funds and large institutions have $39.9M invested in Virtus Convertible & Income 2024 Target Term Fund in 2018 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 2 reducing their positions, and 1 closing their positions.
500% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 2
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
12% more funds holding
Funds holding: 17 → 19 (+2)
11% more capital invested
Capital invested by funds: $35.8M → $39.9M (+$4.09M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$1.06M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$997K |
| 3 |
Morgan Stanley
New York
|
+$913K |
| 4 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$674K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$598K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.34M |
| 2 |
WS
Wedbush Securities
Los Angeles,
California
|
-$438K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$103K |
CBH Hedge Fund Activity: Q2 2018 in Review
19 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income 2024 Target Term Fund (CBH) for Q2 2018, worth a combined $39.9M — up 11% from $35.8M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new CBH positions and 1 closed out — a net gain of 2 holders — while 12 added to existing stakes and 2 trimmed.
The largest buyer was First Trust Advisors, opening a new position worth an estimated $1.06M. The largest seller was Rivernorth Capital Management, cutting an estimated $1.34M.
- 19 institutional investors held Virtus Convertible & Income 2024 Target Term Fund (CBH) as of Q2 2018, up from 17 in Q1 2018.
- Funds reported $39.9M of Virtus Convertible & Income 2024 Target Term Fund stock for Q2 2018, up 11% quarter-over-quarter.
- 3 funds opened new Virtus Convertible & Income 2024 Target Term Fund positions in Q2 2018 and 1 closed out, a net change of +2 holders.
- The largest Virtus Convertible & Income 2024 Target Term Fund buyer in Q2 2018 was First Trust Advisors, an estimated $1.06M added.
- The largest Virtus Convertible & Income 2024 Target Term Fund seller in Q2 2018 was Rivernorth Capital Management, an estimated $1.34M sold.
Based on aggregated 13F filings for Q2 2018.