Virtus Convertible & Income Fund
NCV
67 hedge funds and large institutions have $55.1M invested in Virtus Convertible & Income Fund in 2019 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 20 increasing their positions, 18 reducing their positions, and 9 closing their positions.
22% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 9
11% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 18
3% more funds holding
Funds holding: 65 → 67 (+2)
3% more capital invested
Capital invested by funds: $53.3M → $55.1M (+$1.82M)
0.38% more ownership
Funds ownership: 10.49% → 10.87% (+0.38%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.4M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.19M |
| 3 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
+$562K |
| 4 |
Morgan Stanley
New York
|
+$242K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
+$241K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AG
Advisor Group
Phoenix,
Arizona
|
-$979K |
| 2 |
SIM
Sonora Investment Management
Tucson,
Arizona
|
-$508K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$207K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$150K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$122K |
NCV Hedge Fund Activity: Q3 2019 in Review
67 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q3 2019, worth a combined $55.1M — up 3.4% from $53.3M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new NCV positions and 9 closed out — a net gain of 2 holders — while 20 added to existing stakes and 18 trimmed.
The largest buyer was Bank of America, adding an estimated $1.4M. The largest seller was Advisor Group, cutting an estimated $979K.
- 67 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q3 2019, up from 65 in Q2 2019.
- Funds reported $55.1M of Virtus Convertible & Income Fund stock for Q3 2019, up 3.4% quarter-over-quarter.
- 11 funds opened new Virtus Convertible & Income Fund positions in Q3 2019 and 9 closed out, a net change of +2 holders.
- The largest Virtus Convertible & Income Fund buyer in Q3 2019 was Bank of America, an estimated $1.4M added.
- The largest Virtus Convertible & Income Fund seller in Q3 2019 was Advisor Group, an estimated $979K sold.
Based on aggregated 13F filings for Q3 2019.