Virtus Convertible & Income Fund
NCV
67 hedge funds and large institutions have $57.9M invested in Virtus Convertible & Income Fund in 2019 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 19 increasing their positions, 14 reducing their positions, and 16 closing their positions.
36% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 14
21% more capital invested
Capital invested by funds: $47.9M → $57.9M (+$10M)
0.06% less ownership
Funds ownership: 2.59% → 2.52% (-0.06%)
7% less funds holding
Funds holding: 72 → 67 (-5)
31% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.09M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$842K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$660K |
| 4 |
LPL Financial
San Diego,
California
|
+$339K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$263K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.71M |
| 2 |
Cohen & Steers
New York
|
-$1.21M |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$752K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$735K |
| 5 |
OFG
OTA Financial Group
Purchase,
New York
|
-$541K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FDCDDQ
76
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| – | -$4.67K | -225 | Closed |
|
77
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$4K | -210 | Closed |
|
|
PCG
78
Private Capital Group
West Hartford,
Connecticut
| – | -$4K | -193 | Closed |
|
|
FIA
79
FNY Investment Advisers
New York
| – | -$1K | -90 | Closed |
|
80
Fidelity Investments
Boston,
Massachusetts
| – | +$25 | +1 | New |
|
NCV Hedge Fund Activity: Q1 2019 in Review
67 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q1 2019, worth a combined $57.9M — up 21% from $47.9M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of NCV and 11 opened new positions — a net loss of 5 holders — while 14 trimmed existing stakes and 19 added.
The largest buyer was Morgan Stanley, adding an estimated $2.09M. The largest seller was Royal Bank of Canada, cutting an estimated $1.71M.
- 67 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q1 2019, down from 72 in Q4 2018.
- Funds reported $57.9M of Virtus Convertible & Income Fund stock for Q1 2019, up 21% quarter-over-quarter.
- 11 funds opened new Virtus Convertible & Income Fund positions in Q1 2019 and 16 closed out, a net change of -5 holders.
- The largest Virtus Convertible & Income Fund buyer in Q1 2019 was Morgan Stanley, an estimated $2.09M added.
- The largest Virtus Convertible & Income Fund seller in Q1 2019 was Royal Bank of Canada, an estimated $1.71M sold.
Based on aggregated 13F filings for Q1 2019.