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NCV

Virtus Convertible & Income Fund
NCV

65 hedge funds and large institutions have $53.3M invested in Virtus Convertible & Income Fund in 2019 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 20 increasing their positions, 12 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 12

0.1% more ownership

Funds ownership: 2.52% → 2.62% (+0.1%)

0% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 9

3% less funds holding

Funds holding: 67 → 65 (-2)

8% less capital invested

Capital invested by funds: $57.9M → $53.3M (-$4.64M)

Holders
65
Holders Change
-2
Holders Change %
-2.99%
% of All Funds
1.41%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
20
Reduced
12
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Cohen & Steers
Cohen & Steers
New York
+$2.39M
2
Morgan Stanley
Morgan Stanley
New York
+$559K
3
WAM
Wolverine Asset Management
Illinois
+$511K
4
GC
Guggenheim Capital
Illinois
+$464K
5
MAFM
Mid Atlantic Financial Management
Pennsylvania
+$309K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$753K
2
LPL Financial
LPL Financial
California
-$540K
3
AI
Atria Investments
North Carolina
-$237K
4
Wells Fargo
Wells Fargo
California
-$144K
5
OA
Oxbow Advisors
Texas
-$106K
Name Holding Trade Value Shares
Change 		Change in
Stake
VFA
51
Valeo Financial Advisors
Indiana
$23K – – –
Citigroup
52
Citigroup
New York
$13K -$3.47K -150 -21%
SF
53
Synovus Financial
Georgia
$11K – – –
GAM
54
Gemmer Asset Management
California
$11K +$11.1K +480 New
SPIA
55
Steward Partners Investment Advisory
New York
$11K +$11.6K +500 New
FMII
56
Farmers & Merchants Investments Inc
Nebraska
$10K – – –
FHA
57
Flagship Harbor Advisors
Massachusetts
$6K – – –
CFA
58
Carroll Financial Associates
North Carolina
$5K – – –
CAC
59
Certified Advisory Corp
Florida
$5K – – –
FCA
60
FinTrust Capital Advisors
South Carolina
$3K – – –
FIA
61
FNY Investment Advisers
New York
$3K +$3.75K +162 New
VRM
62
Vectors Research Management
New York
$2K – – –
AAM
63
Advisors Asset Management
Colorado
– -$753K -29,043 Closed
MML Investors Services
64
MML Investors Services
Massachusetts
– -$91K -3,511 Closed
GLLW
65
Graves Light Lenhart Wealth
Virginia
– -$89.7K -3,462 Closed
BF
66
BOK Financial
Oklahoma
– -$73K -2,803 Closed
CDH
67
Charles D. Hyman
– -$69K -2,650 Closed
CFGS
68
Concourse Financial Group Securities
Alabama
– -$39.4K -1,700 Closed
FHB
69
First Hawaiian Bank
Hawaii
– -$18K -707 Closed
AI
70
Atria Investments
North Carolina
– -$237K -339 Closed
S
71
SignatureFD
Georgia
– -$5K -193 Closed
1 2
3

NCV Hedge Fund Activity: Q2 2019 in Review

65 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q2 2019, worth a combined $53.3M — down 8% from $57.9M a quarter earlier.

Fund positioning in NCV was balanced in Q2 2019: 9 funds opened new positions, 9 closed out, 20 added to existing stakes and 12 trimmed.

The largest buyer was Cohen & Steers, adding an estimated $2.39M. The largest seller was Advisors Asset Management, exiting entirely with an estimated $753K sold.

  • 65 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q2 2019, down from 67 in Q1 2019.
  • Funds reported $53.3M of Virtus Convertible & Income Fund stock for Q2 2019, down 8% quarter-over-quarter.
  • 9 funds opened new Virtus Convertible & Income Fund positions in Q2 2019 and 9 closed out, a net change of 0 holders.
  • The largest Virtus Convertible & Income Fund buyer in Q2 2019 was Cohen & Steers, an estimated $2.39M added.
  • The largest Virtus Convertible & Income Fund seller in Q2 2019 was Advisors Asset Management, an estimated $753K sold.

Based on aggregated 13F filings for Q2 2019.