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NCV

Virtus Convertible & Income Fund
NCV

67 hedge funds and large institutions have $55.1M invested in Virtus Convertible & Income Fund in 2019 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 20 increasing their positions, 18 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 9

11% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 18

3% more funds holding

Funds holding: 65 → 67 (+2)

3% more capital invested

Capital invested by funds: $53.3M → $55.1M (+$1.82M)

0.09% more ownership

Funds ownership: 2.62% → 2.72% (+0.09%)

Holders
67
Holders Change
+2
Holders Change %
+3.08%
% of All Funds
1.47%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
20
Reduced
18
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$1.4M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.19M
3
CC
Claybrook Capital
Massachusetts
+$562K
4
Morgan Stanley
Morgan Stanley
New York
+$242K
5
DA
Doliver Advisors
Texas
+$241K

Top Sellers

Rank Fund Capital Flow
1
AG
Advisor Group
Arizona
-$979K
2
SIM
Sonora Investment Management
Arizona
-$508K
3
WAM
Wolverine Asset Management
Illinois
-$207K
4
Wells Fargo
Wells Fargo
California
-$150K
5
GC
Guggenheim Capital
Illinois
-$122K
Name Holding Trade Value Shares
Change 		Change in
Stake
IP
26
Intellectus Partners
California
$140K +$3.94K +172 +3%
Creative Planning
27
Creative Planning
Kansas
$137K -$4.64K -203 -3%
HighTower Advisors
28
HighTower Advisors
Illinois
$137K +$1.44K +63 +1%
OA
29
Oxbow Advisors
Texas
$133K +$984 +43 +0.7%
IFWM
30
Institute for Wealth Management
Colorado
$130K +$132K +5,778 New
RJA
31
Raymond James & Associates
Florida
$117K +$8.67K +379 +8%
LWM
32
Liberty Wealth Management
California
$111K +$1.44K +63 +1%
GIP
33
Greatmark Investment Partners
Georgia
$97K – – –
GLA
34
Good Life Advisors
Pennsylvania
$93K – – –
Stifel Financial
35
Stifel Financial
Missouri
$87K – – –
ACM
36
Arlington Capital Management
Illinois
$83K +$83.8K +3,663 New
CPIG
37
Chicago Partners Investment Group
Illinois
$78K +$2.15K +94 +3%
GLLW
38
Graves Light Lenhart Wealth
Virginia
$78K +$79.2K +3,462 New
RJFSA
39
Raymond James Financial Services Advisors
Florida
$69K -$82.7K -3,616 -54%
WAAG
40
Wealth Alliance Advisory Group
Kansas
$69K -$43.4K -1,898 -38%
SWP
41
Stratos Wealth Partners
Ohio
$68K – – –
GIA
42
Gladstone Institutional Advisory
Florida
$63K -$13.4K -587 -17%
MOS
43
MGO One Seven
Ohio
$62K – – –
WS
44
Wedbush Securities
California
$62K +$320 +14 +0.5%
WAM
45
Weiss Asset Management
Massachusetts
$61K +$61.8K +2,700 New
NFG
46
Next Financial Group
Texas
$60K – – –
Rockefeller Capital Management
47
Rockefeller Capital Management
New York
$60K – – –
QCIG
48
Quad-Cities Investment Group
Iowa
$60K +$1.14K +50 +2%
MA
49
Mutual Advisors
Nebraska
$59K +$252 +11 +0.4%
SC
50
Stratford Consulting
Texas
$57K – – –
1
2
3

NCV Hedge Fund Activity: Q3 2019 in Review

67 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q3 2019, worth a combined $55.1M — up 3.4% from $53.3M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new NCV positions and 9 closed out — a net gain of 2 holders — while 20 added to existing stakes and 18 trimmed.

The largest buyer was Bank of America, adding an estimated $1.4M. The largest seller was Advisor Group, cutting an estimated $979K.

  • 67 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q3 2019, up from 65 in Q2 2019.
  • Funds reported $55.1M of Virtus Convertible & Income Fund stock for Q3 2019, up 3.4% quarter-over-quarter.
  • 11 funds opened new Virtus Convertible & Income Fund positions in Q3 2019 and 9 closed out, a net change of +2 holders.
  • The largest Virtus Convertible & Income Fund buyer in Q3 2019 was Bank of America, an estimated $1.4M added.
  • The largest Virtus Convertible & Income Fund seller in Q3 2019 was Advisor Group, an estimated $979K sold.

Based on aggregated 13F filings for Q3 2019.