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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
SWP
51
Stratos Wealth Partners
Ohio
$52K +$61.7K +2,500 New
QCIG
52
Quad-Cities Investment Group
Iowa
$45K +$1.26K +51 +2%
APA
53
American Portfolios Advisors
New York
$33.4K – – –
CFGS
54
Concourse Financial Group Securities
Alabama
$31K +$24.9K +1,008 +202%
GWM
55
Geneos Wealth Management
Colorado
$22K – – –
VFA
56
Valeo Financial Advisors
Indiana
$21K – – –
Citigroup
57
Citigroup
New York
$15K – – –
FHB
58
First Hawaiian Bank
Hawaii
$15K – – –
SF
59
Synovus Financial
Georgia
$10K – – –
AF
60
Advisornet Financial
Minnesota
$6K – – –
CFA
61
Carroll Financial Associates
North Carolina
$5K – – –
CAC
62
Certified Advisory Corp
Florida
$5K – – –
FHA
63
Flagship Harbor Advisors
Massachusetts
$5K +$7.11K +288 New
FDCDDQ
64
Federation des caisses Desjardins du Quebec
Quebec, Canada
$4.67K – – –
PNC Financial Services Group
65
PNC Financial Services Group
Pennsylvania
$4K -$41.2K -1,670 -89%
PCG
66
Private Capital Group
Connecticut
$4K – – –
S
67
SignatureFD
Georgia
$4K – – –
FCA
68
FinTrust Capital Advisors
South Carolina
$2K +$2.79K +113 New
FIA
69
FNY Investment Advisers
New York
$1K – – –
IP
70
Intellectus Partners
California
– -$154K -5,505 Closed
FWM
71
Frontier Wealth Management
Missouri
– -$80K -2,866 Closed
CWM
72
Cornerstone Wealth Management
Missouri
– -$950K -1,698 Closed
OIA
73
OneDigital Investment Advisors
Kansas
– -$20K -708 Closed
SPIA
74
Steward Partners Investment Advisory
New York
– -$14K -500 Closed
NSIM
75
North Star Investment Management
Illinois
– -$9K -325 Closed
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.