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NCV

Virtus Convertible & Income Fund
NCV

72 hedge funds and large institutions have $47.9M invested in Virtus Convertible & Income Fund in 2018 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 12 increasing their positions, 21 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

217% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 6

20% more funds holding

Funds holding: 60 → 72 (+12)

0.03% less ownership

Funds ownership: 2.62% → 2.59% (-0.03%)

32% less capital invested

Capital invested by funds: $70M → $47.9M (-$22.1M)

43% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 21

Holders
72
Holders Change
+12
Holders Change %
+20%
% of All Funds
1.6%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
19
Increased
12
Reduced
21
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.67M
2
WAM
Weiss Asset Management
Massachusetts
+$894K
3
OFG
OTA Financial Group
New York
+$644K
4
CCP
Clough Capital Partners
Massachusetts
+$365K
5
FM
Family Management
New York
+$358K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$3.46M
2
Cohen & Steers
Cohen & Steers
New York
-$1.87M
3
CWM
Cornerstone Wealth Management
Missouri
-$950K
4
Morgan Stanley
Morgan Stanley
New York
-$528K
5
AAM
Advisors Asset Management
Colorado
-$372K
Name Holding Trade Value Shares
Change 		Change in
Stake
OA
26
Oxbow Advisors
Texas
$213K +$3.21K +130 +1%
WAM
27
Wolverine Asset Management
Illinois
$197K +$234K +9,492 New
CAN
28
Claraphi Advisory Network
United States
$174K -$3.9K -158 -2%
HighTower Advisors
29
HighTower Advisors
Illinois
$137K +$19.4K +786 +13%
WAAG
30
Wealth Alliance Advisory Group
Kansas
$128K +$63.9K +2,588 +73%
CIA
31
Capital Investment Advisors
Georgia
$116K -$7.16K -290 -5%
RJA
32
Raymond James & Associates
Florida
$111K -$45.1K -1,825 -25%
Invesco
33
Invesco
Georgia
$107K -$5.38K -218 -4%
MML Investors Services
34
MML Investors Services
Massachusetts
$106K -$21.1K -855 -14%
MIG
35
Mariner Investment Group
New York
$104K +$123K +5,000 New
LWM
36
Liberty Wealth Management
California
$94K +$112K +4,540 New
GLA
37
Good Life Advisors
Pennsylvania
$87K -$55K -2,229 -35%
GIP
38
Greatmark Investment Partners
Georgia
$85K +$101K +4,075 New
Stifel Financial
39
Stifel Financial
Missouri
$81K -$2K -81 -2%
CPIG
40
Chicago Partners Investment Group
Illinois
$75K +$78.4K +3,176 New
GLLW
41
Graves Light Lenhart Wealth
Virginia
$72K +$85.5K +3,462 New
DA
42
Doliver Advisors
Texas
$70K +$83K +3,363 New
SBIA
43
Sheaff Brock Investment Advisors
Indiana
$67K +$25 +1 +0%
BF
44
BOK Financial
Oklahoma
$58K – – –
Bank of Montreal
45
Bank of Montreal
Ontario, Canada
$56K – – –
NFG
46
Next Financial Group
Texas
$56K – – –
MOS
47
MGO One Seven
Ohio
$56K +$67.7K +2,742 New
CDH
48
Charles D. Hyman
$55K – – –
LCM
49
Landscape Capital Management
New Jersey
$54K +$64.7K +2,621 New
SC
50
Stratford Consulting
Texas
$52K – – –
1
2
3 4

NCV Hedge Fund Activity: Q4 2018 in Review

72 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q4 2018, worth a combined $47.9M — down 32% from $70M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new NCV positions and 6 closed out — a net gain of 13 holders — while 12 added to existing stakes and 21 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $1.67M. The largest seller was Bank of America, cutting an estimated $3.46M.

  • 72 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q4 2018, up from 60 in Q3 2018.
  • Funds reported $47.9M of Virtus Convertible & Income Fund stock for Q4 2018, down 32% quarter-over-quarter.
  • 19 funds opened new Virtus Convertible & Income Fund positions in Q4 2018 and 6 closed out, a net change of +13 holders.
  • The largest Virtus Convertible & Income Fund buyer in Q4 2018 was Royal Bank of Canada, an estimated $1.67M added.
  • The largest Virtus Convertible & Income Fund seller in Q4 2018 was Bank of America, an estimated $3.46M sold.

Based on aggregated 13F filings for Q4 2018.