Virtus Convertible & Income Fund
NCV
66 hedge funds and large institutions have $72.4M invested in Virtus Convertible & Income Fund in 2018 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 14 increasing their positions, 16 reducing their positions, and 9 closing their positions.
33% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 9
5% more funds holding
Funds holding: 63 → 66 (+3)
2% more capital invested
Capital invested by funds: $70.9M → $72.4M (+$1.42M)
0.34% less ownership
Funds ownership: 11.98% → 11.64% (-0.34%)
13% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$500K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$465K |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$369K |
| 4 |
OA
Oxbow Advisors
Austin,
Texas
|
+$272K |
| 5 |
CFC
Coyle Financial Counsel
Glenview,
Illinois
|
+$156K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.62M |
| 2 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$451K |
| 3 |
MCM
Maryland Capital Management
Towson,
Maryland
|
-$248K |
| 4 |
Millennium Management
New York
|
-$248K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$184K |
NCV Hedge Fund Activity: Q2 2018 in Review
66 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q2 2018, worth a combined $72.4M — up 2% from $70.9M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new NCV positions and 9 closed out — a net gain of 3 holders — while 14 added to existing stakes and 16 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $500K. The largest seller was Guggenheim Capital, cutting an estimated $1.62M.
- 66 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q2 2018, up from 63 in Q1 2018.
- Funds reported $72.4M of Virtus Convertible & Income Fund stock for Q2 2018, up 2% quarter-over-quarter.
- 12 funds opened new Virtus Convertible & Income Fund positions in Q2 2018 and 9 closed out, a net change of +3 holders.
- The largest Virtus Convertible & Income Fund buyer in Q2 2018 was Morgan Stanley, an estimated $500K added.
- The largest Virtus Convertible & Income Fund seller in Q2 2018 was Guggenheim Capital, an estimated $1.62M sold.
Based on aggregated 13F filings for Q2 2018.