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NCV

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
72
Holders Change
+9
Holders Change %
+14.29%
% of All Funds
1.45%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
16
Reduced
22
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$1.61M
2
CRC
Curi RMB Capital
Illinois
+$1.42M
3
Ameriprise
Ameriprise
Minnesota
+$943K
4
Morgan Stanley
Morgan Stanley
New York
+$424K
5
SFS
Shaker Financial Services
Virginia
+$397K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$2.43M
2
GC
Guggenheim Capital
Illinois
-$1.06M
3
WAM
Wolverine Asset Management
Illinois
-$242K
4
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$144K
5
Osaic Holdings
Osaic Holdings
Arizona
-$132K
Name Holding Trade Value Shares
Change 		Change in
Stake
NFG
51
Next Financial Group
Texas
$52K -$53.9K -2,878 -50%
BCA
52
Bay Colony Advisors
Massachusetts
$52K +$3.07K +164 +6%
1WA
53
180 Wealth Advisors
Washington
$52K +$51.5K +2,750 New
ACI
54
Alpha Cubed Investments
California
$46K +$46.8K +2,500 New
CFGS
55
Concourse Financial Group Securities
Alabama
$42K -$9.36K -500 -18%
APA
56
American Portfolios Advisors
New York
$24.9K -$4.68K -250 -16%
PAM
57
Panagora Asset Management
Massachusetts
$11K – – –
SPIA
58
Steward Partners Investment Advisory
New York
$9K – – –
NFSG
59
Newbridge Financial Services Group
Florida
$9K +$9.66K +516 New
Citigroup
60
Citigroup
New York
$8K – – –
FHA
61
Flagship Harbor Advisors
Massachusetts
$5K – – –
BWM
62
BNC Wealth Management
Oregon
$5K +$4.68K +250 New
CFA
63
Carroll Financial Associates
North Carolina
$4K – – –
GWM
64
Geneos Wealth Management
Colorado
$3K – – –
APWA
65
Atlas Private Wealth Advisors
New Jersey
$2K – – –
PCG
66
Private Capital Group
Connecticut
$2K – – –
CSPIA
67
Cary Street Partners Investment Advisory
Virginia
$2K +$2.34K +125 New
FCH
68
Freestone Capital Holdings
Washington
$948 +$973 +52 New
FCA
69
FinTrust Capital Advisors
South Carolina
$2 – – –
Stifel Financial
70
Stifel Financial
Missouri
– -$84K -4,770 Closed
PAG
71
Private Advisor Group
New Jersey
– -$11K -625 Closed
SF
72
Synovus Financial
Georgia
– -$9K -500 Closed
KFS
73
Kelly Financial Services
Massachusetts
– -$1.21K -69 Closed
1 2
3

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.