Virtus Convertible & Income Fund
NCV
55 hedge funds and large institutions have $83M invested in Virtus Convertible & Income Fund in 2017 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 17 increasing their positions, 21 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
0% more funds holding
Funds holding: 55 → 55 (0)
0.11% less ownership
Funds ownership: 3.5% → 3.38% (-0.11%)
0% less capital invested
Capital invested by funds: $83.2M → $83M (-$221K)
19% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$4.06M |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$1.19M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$566K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$538K |
| 5 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$304K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$2.71M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.07M |
| 3 |
Millennium Management
New York
|
-$1.67M |
| 4 |
Cohen & Steers
New York
|
-$1.62M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$647K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NSIM
51
North Star Investment Management
Chicago,
Illinois
| $9K | – | – | – |
|
|
CFA
52
Carroll Financial Associates
Charlotte,
North Carolina
| $6K | – | – | – |
|
|
DADC
53
D.A. Davidson & Co
Great Falls,
Montana
| $3K | +$83 | +3 | +3% |
|
54
CIBC World Market
Toronto,
Ontario, Canada
| – | -$242K | -8,963 | Closed |
|
|
CWM
55
Concert Wealth Management
San Jose,
California
| – | -$107K | -4,163 | Closed |
|
|
SF
56
Synovus Financial
Columbus,
Georgia
| – | -$14K | -500 | Closed |
|
NCV Hedge Fund Activity: Q2 2017 in Review
55 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q2 2017, worth a combined $83M — down 0.27% from $83.2M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new NCV positions and 4 closed out — a net gain of 1 holder — while 17 added to existing stakes and 21 trimmed.
The largest buyer was Bank of Montreal, opening a new position worth an estimated $4.06M. The largest seller was LPL Financial, cutting an estimated $2.71M.
- 55 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q2 2017, unchanged from Q1 2017.
- Funds reported $83M of Virtus Convertible & Income Fund stock for Q2 2017, down 0.27% quarter-over-quarter.
- 5 funds opened new Virtus Convertible & Income Fund positions in Q2 2017 and 4 closed out, a net change of +1 holder.
- The largest Virtus Convertible & Income Fund buyer in Q2 2017 was Bank of Montreal, an estimated $4.06M added.
- The largest Virtus Convertible & Income Fund seller in Q2 2017 was LPL Financial, an estimated $2.71M sold.
Based on aggregated 13F filings for Q2 2017.