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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
APA
51
American Portfolios Advisors
New York
$45.9K +$9.72K +425 +26%
RIA
52
Realta Investment Advisors
Delaware
$42K -$938 -41 -2%
VFA
53
Valeo Financial Advisors
Indiana
$23K – – –
PAM
54
Panagora Asset Management
Massachusetts
$16K +$16.5K +719 New
SPIA
55
Steward Partners Investment Advisory
New York
$11K – – –
SF
56
Synovus Financial
Georgia
$11K – – –
Citigroup
57
Citigroup
New York
$10K -$3.41K -149 -26%
FHA
58
Flagship Harbor Advisors
Massachusetts
$6K – – –
CFA
59
Carroll Financial Associates
North Carolina
$5K – – –
CAC
60
Certified Advisory Corp
Florida
$5K – – –
GWM
61
Geneos Wealth Management
Colorado
$4K -$20.1K -880 -81%
PCG
62
Private Capital Group
Connecticut
$4K +$4.42K +193 New
FCA
63
FinTrust Capital Advisors
South Carolina
$3K – – –
FIA
64
FNY Investment Advisers
New York
$3K +$229 +10 +6%
VRM
65
Vectors Research Management
New York
$2K – – –
KFS
66
Kelly Financial Services
Massachusetts
$1.42K +$1.44K +63 New
SIM
67
Sonora Investment Management
Arizona
– -$508K -22,495 Closed
CIA
68
Capital Investment Advisors
Georgia
– -$104K -4,583 Closed
TSS
69
Two Sigma Securities
New York
– -$77K -3,391 Closed
SBIA
70
Sheaff Brock Investment Advisors
Indiana
– -$73K -3,237 Closed
Bank of Montreal
71
Bank of Montreal
Ontario, Canada
– -$57K -2,500 Closed
GAM
72
Gemmer Asset Management
California
– -$11K -480 Closed
FMII
73
Farmers & Merchants Investments Inc
Nebraska
– -$10K -462 Closed
Fidelity Investments
74
Fidelity Investments
Massachusetts
– -$23 -1 Closed
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.