Virtus Convertible & Income Fund
NCV
65 hedge funds and large institutions have $53.3M invested in Virtus Convertible & Income Fund in 2019 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 21 increasing their positions, 11 reducing their positions, and 9 closing their positions.
91% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 11
0.49% more ownership
Funds ownership: 10% → 10.49% (+0.49%)
0% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 9
3% less funds holding
Funds holding: 67 → 65 (-2)
8% less capital invested
Capital invested by funds: $58M → $53.3M (-$4.72M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$2.39M |
| 2 |
Morgan Stanley
New York
|
+$559K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$511K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$464K |
| 5 |
JPLA
Joseph P. Lucia & Associates
Yorktown Heights,
New York
|
+$442K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$753K |
| 2 |
LPL Financial
San Diego,
California
|
-$540K |
| 3 |
AI
Atria Investments
Charlotte,
North Carolina
|
-$237K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$144K |
| 5 |
OA
Oxbow Advisors
Austin,
Texas
|
-$106K |
NCV Hedge Fund Activity: Q2 2019 in Review
65 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q2 2019, worth a combined $53.3M — down 8.1% from $58M a quarter earlier.
Fund positioning in NCV was balanced in Q2 2019: 9 funds opened new positions, 9 closed out, 21 added to existing stakes and 11 trimmed.
The largest buyer was Cohen & Steers, adding an estimated $2.39M. The largest seller was Advisors Asset Management, exiting entirely with an estimated $753K sold.
- 65 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q2 2019, down from 67 in Q1 2019.
- Funds reported $53.3M of Virtus Convertible & Income Fund stock for Q2 2019, down 8.1% quarter-over-quarter.
- 9 funds opened new Virtus Convertible & Income Fund positions in Q2 2019 and 9 closed out, a net change of 0 holders.
- The largest Virtus Convertible & Income Fund buyer in Q2 2019 was Cohen & Steers, an estimated $2.39M added.
- The largest Virtus Convertible & Income Fund seller in Q2 2019 was Advisors Asset Management, an estimated $753K sold.
Based on aggregated 13F filings for Q2 2019.