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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.67M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$894K |
| 3 |
OFG
OTA Financial Group
Purchase,
New York
|
+$644K |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$365K |
| 5 |
FM
Family Management
New York
|
+$358K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$3.46M |
| 2 |
Cohen & Steers
New York
|
-$1.87M |
| 3 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$950K |
| 4 |
Morgan Stanley
New York
|
-$528K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$372K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
US Bancorp
Minneapolis,
Minnesota
| – | +$370 | +15 | New |
|
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.