Virtus Convertible & Income Fund
NCV
77 hedge funds and large institutions have $64.4M invested in Virtus Convertible & Income Fund in 2019 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 25 increasing their positions, 17 reducing their positions, and 5 closing their positions.
200% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 5
47% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 17
17% more capital invested
Capital invested by funds: $55.1M → $64.4M (+$9.34M)
15% more funds holding
Funds holding: 67 → 77 (+10)
0.4% more ownership
Funds ownership: 2.72% → 3.12% (+0.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.08M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.46M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.39M |
| 4 |
LPL Financial
San Diego,
California
|
+$1.23M |
| 5 |
Morgan Stanley
New York
|
+$1.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$526K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$239K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$238K |
| 5 |
PFSC
Peoples Financial Services Corp
Dunmore,
Pennsylvania
|
-$209K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KFS
76
Kelly Financial Services
Braintree,
Massachusetts
| $1.49K | +$45 | +2 | +3% |
|
|
DA
77
Doliver Advisors
Houston,
Texas
| – | -$238K | -10,533 | Closed |
|
|
PFSC
78
Peoples Financial Services Corp
Dunmore,
Pennsylvania
| – | -$209K | -9,250 | Closed |
|
79
HighTower Advisors
Chicago,
Illinois
| – | -$137K | -6,111 | Closed |
|
|
WAM
80
Weiss Asset Management
Boston,
Massachusetts
| – | -$61K | -2,700 | Closed |
|
|
MA
81
Mutual Advisors
Omaha,
Nebraska
| – | -$59K | -2,606 | Closed |
|
NCV Hedge Fund Activity: Q4 2019 in Review
77 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q4 2019, worth a combined $64.4M — up 17% from $55.1M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new NCV positions and 5 closed out — a net gain of 10 holders — while 25 added to existing stakes and 17 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $2.08M. The largest seller was Bank of America, cutting an estimated $1M.
- 77 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q4 2019, up from 67 in Q3 2019.
- Funds reported $64.4M of Virtus Convertible & Income Fund stock for Q4 2019, up 17% quarter-over-quarter.
- 15 funds opened new Virtus Convertible & Income Fund positions in Q4 2019 and 5 closed out, a net change of +10 holders.
- The largest Virtus Convertible & Income Fund buyer in Q4 2019 was Rivernorth Capital Management, an estimated $2.08M added.
- The largest Virtus Convertible & Income Fund seller in Q4 2019 was Bank of America, an estimated $1M sold.
Based on aggregated 13F filings for Q4 2019.