Virtus Convertible & Income Fund
NCV
50 hedge funds and large institutions have $88.2M invested in Virtus Convertible & Income Fund in 2014 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 16 reducing their positions, and 5 closing their positions.
0.02% more ownership
Funds ownership: 2.61% → 2.63% (+0.02%)
0% more funds holding
Funds holding: 50 → 50 (0)
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
9% less capital invested
Capital invested by funds: $97M → $88.2M (-$8.73M)
13% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$736K |
| 2 |
Cohen & Steers
New York
|
+$643K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$502K |
| 4 |
NPC
National Planning Corporation
El Segundo,
California
|
+$404K |
| 5 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$304K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$1.15M |
| 2 |
Morgan Stanley
New York
|
-$590K |
| 3 |
LPL Financial
San Diego,
California
|
-$503K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$442K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$240K |
NCV Hedge Fund Activity: Q3 2014 in Review
50 of the 3,448 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q3 2014, worth a combined $88.2M — down 9% from $97M a quarter earlier.
Fund positioning in NCV was balanced in Q3 2014: 5 funds opened new positions, 5 closed out, 14 added to existing stakes and 16 trimmed.
The largest buyer was Bank of America, adding an estimated $736K. The largest seller was Invesco, cutting an estimated $1.15M.
- 50 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q3 2014, unchanged from Q2 2014.
- Funds reported $88.2M of Virtus Convertible & Income Fund stock for Q3 2014, down 9% quarter-over-quarter.
- 5 funds opened new Virtus Convertible & Income Fund positions in Q3 2014 and 5 closed out, a net change of 0 holders.
- The largest Virtus Convertible & Income Fund buyer in Q3 2014 was Bank of America, an estimated $736K added.
- The largest Virtus Convertible & Income Fund seller in Q3 2014 was Invesco, an estimated $1.15M sold.
Based on aggregated 13F filings for Q3 2014.