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NCV

Virtus Convertible & Income Fund
NCV

50 hedge funds and large institutions have $88.2M invested in Virtus Convertible & Income Fund in 2014 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 16 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.02% more ownership

Funds ownership: 2.61% → 2.63% (+0.02%)

0% more funds holding

Funds holding: 50 → 50 (0)

0% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 5

9% less capital invested

Capital invested by funds: $97M → $88.2M (-$8.73M)

13% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 16

Holders
50
Holders Change
–
Holders Change %
0%
% of All Funds
1.45%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
14
Reduced
16
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$736K
2
Cohen & Steers
Cohen & Steers
New York
+$643K
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$502K
4
NPC
National Planning Corporation
California
+$404K
5
BFEC
Benjamin F. Edwards & Company
Missouri
+$304K

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$1.15M
2
Morgan Stanley
Morgan Stanley
New York
-$590K
3
LPL Financial
LPL Financial
California
-$503K
4
GC
Guggenheim Capital
Illinois
-$442K
5
LTFS
Ladenburg Thalmann Financial Services
Florida
-$240K
Name Holding Trade Value Shares
Change 		Change in
Stake
DA
26
Doliver Advisors
Texas
$218K +$230K +5,706 New
CWM
27
Concert Wealth Management
California
$200K -$10.1K -250 -5%
ICAS
28
Investors Capital Advisory Services
Massachusetts
$199K +$55.1K +1,367 +35%
AIG
29
American International Group
New York
$186K +$126K +3,128 +179%
Deutsche Bank
30
Deutsche Bank
Germany
$141K +$10.1K +250 +7%
Citigroup
31
Citigroup
New York
$120K -$32.5K -807 -20%
PAG
32
Private Advisor Group
New Jersey
$112K – – –
PMG
33
ProVise Management Group
Florida
$109K +$115K +2,863 New
Creative Planning
34
Creative Planning
Kansas
$93K -$13.6K -338 -12%
NES
35
New England Securities
New York
$44K – – –
WA
36
WFG Advisors
Texas
$36K – – –
SF
37
Synovus Financial
Georgia
$29K +$846 +21 +3%
FMP
38
Financial Management Professionals
Texas
$20K – – –
NFG
39
Next Financial Group
Texas
$19K – – –
RIA
40
Regal Investment Advisors
Michigan
$18K – – –
PMFA
41
Plante Moran Financial Advisors
Michigan
$17K – – –
CFG
42
CKW Financial Group
Hawaii
$15K – – –
US Bancorp
43
US Bancorp
Minnesota
$13K -$20.1K -500 -59%
NSIM
44
North Star Investment Management
Illinois
$12K – – –
LFR
45
Lehman Financial Resources
Pennsylvania
$9K – – –
RAM
46
Riggs Asset Management
Pennsylvania
$7K +$7.53K +187 New
TCM
47
Tradewinds Capital Management
Washington
$6K – – –
MPWT
48
MassMutual Private Wealth & Trust
Connecticut
$4.78K – – –
FWM
49
Focused Wealth Management
New York
$2K – – –
PSUF
50
People's United Financial
Connecticut
$2K – – –
1
2
3

NCV Hedge Fund Activity: Q3 2014 in Review

50 of the 3,448 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q3 2014, worth a combined $88.2M — down 9% from $97M a quarter earlier.

Fund positioning in NCV was balanced in Q3 2014: 5 funds opened new positions, 5 closed out, 14 added to existing stakes and 16 trimmed.

The largest buyer was Bank of America, adding an estimated $736K. The largest seller was Invesco, cutting an estimated $1.15M.

  • 50 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q3 2014, unchanged from Q2 2014.
  • Funds reported $88.2M of Virtus Convertible & Income Fund stock for Q3 2014, down 9% quarter-over-quarter.
  • 5 funds opened new Virtus Convertible & Income Fund positions in Q3 2014 and 5 closed out, a net change of 0 holders.
  • The largest Virtus Convertible & Income Fund buyer in Q3 2014 was Bank of America, an estimated $736K added.
  • The largest Virtus Convertible & Income Fund seller in Q3 2014 was Invesco, an estimated $1.15M sold.

Based on aggregated 13F filings for Q3 2014.