Virtus Convertible & Income Fund
NCV
72 hedge funds and large institutions have $62M invested in Virtus Convertible & Income Fund in 2020 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 16 increasing their positions, 22 reducing their positions, and 4 closing their positions.
225% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 4
14% more funds holding
Funds holding: 63 → 72 (+9)
8% more capital invested
Capital invested by funds: $57.5M → $62M (+$4.49M)
0.11% more ownership
Funds ownership: 3.63% → 3.74% (+0.11%)
27% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$1.61M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.42M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$943K |
| 4 |
Morgan Stanley
New York
|
+$424K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$397K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$2.43M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.06M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$242K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$144K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$132K |
NCV Hedge Fund Activity: Q3 2020 in Review
72 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q3 2020, worth a combined $62M — up 7.8% from $57.5M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new NCV positions and 4 closed out — a net gain of 9 holders — while 16 added to existing stakes and 22 trimmed.
The largest buyer was LPL Financial, adding an estimated $1.61M. The largest seller was Bank of America, cutting an estimated $2.43M.
- 72 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q3 2020, up from 63 in Q2 2020.
- Funds reported $62M of Virtus Convertible & Income Fund stock for Q3 2020, up 7.8% quarter-over-quarter.
- 13 funds opened new Virtus Convertible & Income Fund positions in Q3 2020 and 4 closed out, a net change of +9 holders.
- The largest Virtus Convertible & Income Fund buyer in Q3 2020 was LPL Financial, an estimated $1.61M added.
- The largest Virtus Convertible & Income Fund seller in Q3 2020 was Bank of America, an estimated $2.43M sold.
Based on aggregated 13F filings for Q3 2020.