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NCZ

Virtus Convertible & Income Fund II
NCZ

52 hedge funds and large institutions have $62.7M invested in Virtus Convertible & Income Fund II in 2017 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 18 increasing their positions, 14 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 6

29% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 14

6% more funds holding

Funds holding: 49 → 52 (+3)

0.12% less ownership

Funds ownership: 3.5% → 3.38% (-0.12%)

1% less capital invested

Capital invested by funds: $63M → $62.7M (-$334K)

Holders
52
Holders Change
+3
Holders Change %
+6.12%
% of All Funds
1.3%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
18
Reduced
14
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$655K
2
Morgan Stanley
Morgan Stanley
New York
+$485K
3
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$333K
4
SBIA
Sheaff Brock Investment Advisors
Indiana
+$86.2K
5
LTFS
Ladenburg Thalmann Financial Services
Florida
+$79.7K

Top Sellers

Rank Fund Capital Flow
1
Cohen & Steers
Cohen & Steers
New York
-$1.84M
2
LPL Financial
LPL Financial
California
-$1.82M
3
Bank of America
Bank of America
North Carolina
-$950K
4
SIA
Sit Investment Associates
Minnesota
-$732K
5
RCA
Rowland Carmichael Advisors
Arizona
-$557K
Name Holding Trade Value Shares
Change 		Change in
Stake
WS
26
Wedbush Securities
California
$114K +$11.1K +452 +11%
HB
27
Homrich & Berg
Georgia
$95K – – –
FFA
28
First Foundation Advisors
California
$95K +$21.5K +875 +30%
ICOA
29
Investment Centers of America
North Dakota
$85K +$1.08K +44 +1%
Janney Montgomery Scott
30
Janney Montgomery Scott
Pennsylvania
$74K +$73.1K +2,975 New
Royal Bank of Canada
31
Royal Bank of Canada
Ontario, Canada
$70K -$17.8K -724 -21%
DA
32
Doliver Advisors
Texas
$68K -$251K -10,200 -79%
Stifel Financial
33
Stifel Financial
Missouri
$68K +$66K +2,687 New
SPC
34
Sigma Planning Corp
Michigan
$66K – – –
CA
35
Cetera Advisors
Colorado
$65K +$64.3K +2,619 New
SC
36
Stratford Consulting
Texas
$63K – – –
Bank of Montreal
37
Bank of Montreal
Ontario, Canada
$62K +$61.4K +2,500 New
GWM
38
Geneos Wealth Management
Colorado
$61K +$1.57K +64 +3%
IA
39
IFP Advisors
Florida
$60K -$1.52K -62 -3%
CFA
40
Carroll Financial Associates
North Carolina
$32K – – –
ASN
41
Advisory Services Network
Georgia
$21K +$8.23K +335 +67%
Manulife (Manufacturers Life Insurance)
42
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$20K +$19.9K +810 New
Envestnet Asset Management
43
Envestnet Asset Management
Illinois
$19K -$22.7K -925 -54%
IIC
44
Integrated Investment Consultants
Michigan
$16K – – –
First Manhattan
45
First Manhattan
New York
$9K – – –
BC
46
Barnett & Company
Tennessee
$8K – – –
Citigroup
47
Citigroup
New York
$7K -$89.7K -3,650 -92%
PCM
48
Penserra Capital Management
California
$7K +$639 +26 +10%
FWM
49
Focused Wealth Management
New York
$6K – – –
GRP
50
Global Retirement Partners
California
$6K – – –
1
2
3

NCZ Hedge Fund Activity: Q2 2017 in Review

52 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q2 2017, worth a combined $62.7M — down 0.53% from $63M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new NCZ positions and 6 closed out — a net gain of 3 holders — while 18 added to existing stakes and 14 trimmed.

The largest buyer was Ameriprise, adding an estimated $655K. The largest seller was Cohen & Steers, cutting an estimated $1.84M.

  • 52 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q2 2017, up from 49 in Q1 2017.
  • Funds reported $62.7M of Virtus Convertible & Income Fund II stock for Q2 2017, down 0.53% quarter-over-quarter.
  • 9 funds opened new Virtus Convertible & Income Fund II positions in Q2 2017 and 6 closed out, a net change of +3 holders.
  • The largest Virtus Convertible & Income Fund II buyer in Q2 2017 was Ameriprise, an estimated $655K added.
  • The largest Virtus Convertible & Income Fund II seller in Q2 2017 was Cohen & Steers, an estimated $1.84M sold.

Based on aggregated 13F filings for Q2 2017.