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NCZ

Virtus Convertible & Income Fund II
NCZ

49 hedge funds and large institutions have $64.4M invested in Virtus Convertible & Income Fund II in 2020 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 15 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% more capital invested

Capital invested by funds: $59.5M → $64.4M (+$4.86M)

0.07% more ownership

Funds ownership: 5% → 5.07% (+0.07%)

0% more funds holding

Funds holding: 49 → 49 (0)

0% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 7

13% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 15

Holders
49
Holders Change
–
Holders Change %
0%
% of All Funds
0.99%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
13
Reduced
15
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.5M
2
AAM
Advisors Asset Management
Colorado
+$772K
3
LPL Financial
LPL Financial
California
+$729K
4
Morgan Stanley
Morgan Stanley
New York
+$681K
5
Bank of America
Bank of America
North Carolina
+$545K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$1.04M
2
Ameriprise
Ameriprise
Minnesota
-$1.03M
3
DA
Doliver Advisors
Texas
-$673K
4
LCM
Landscape Capital Management
New Jersey
-$328K
5
PPA
Parametric Portfolio Associates
Washington
-$310K
Name Holding Trade Value Shares
Change 		Change in
Stake
SFS
26
Shaker Financial Services
Virginia
$231K -$46.2K -2,780 -16%
DA
27
Doliver Advisors
Texas
$205K -$673K -40,536 -76%
SIC
28
Samalin Investment Counsel
New York
$125K +$2.38K +143 +2%
TA
29
Townsend & Associates
Colorado
$122K +$4.14K +249 +4%
AAS
30
Avantax Advisory Services
Texas
$112K +$113K +6,788 New
Comerica Bank
31
Comerica Bank
Texas
$103K +$101K +6,068 New
CIA
32
Capital Investment Advisors
Georgia
$58K – – –
NA
33
NewEdge Advisors
Louisiana
$54K – – –
Wells Fargo
34
Wells Fargo
California
$53K -$35.8K -2,154 -40%
Truist Financial
35
Truist Financial
North Carolina
$51K +$83 +5 +0.2%
MSAM
36
Moloney Securities Asset Management
Missouri
$47K – – –
PP
37
Patten & Patten
Tennessee
$43K – – –
IWM
38
IHT Wealth Management
Illinois
$42K – – –
GWM
39
Geneos Wealth Management
Colorado
$29K -$282 -17 -0.9%
CFGS
40
Concourse Financial Group Securities
Alabama
$29K – – –
APWA
41
Atlas Private Wealth Advisors
New Jersey
$21K – – –
NFSG
42
Newbridge Financial Services Group
Florida
$20K +$19.8K +1,194 New
CSPIA
43
Cary Street Partners Investment Advisory
Virginia
$20K +$20.3K +1,225 New
SFS
44
Sowell Financial Services
Arkansas
$18K -$332 -20 -2%
HWM
45
HighMark Wealth Management
Minnesota
$18K – – –
Citigroup
46
Citigroup
New York
$14K -$9.2K -554 -38%
ASN
47
Advisory Services Network
Georgia
$8K +$8.3K +500 New
FHC
48
First Horizon Corporation
Tennessee
$7K +$8.09K +487 New
PAM
49
Panagora Asset Management
Massachusetts
$6K – – –
FWM
50
Focused Wealth Management
New York
$4K +$83 +5 +2%
1
2
3

NCZ Hedge Fund Activity: Q3 2020 in Review

49 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q3 2020, worth a combined $64.4M — up 8.2% from $59.5M a quarter earlier.

Fund positioning in NCZ was balanced in Q3 2020: 7 funds opened new positions, 7 closed out, 13 added to existing stakes and 15 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $1.5M. The largest seller was Guggenheim Capital, cutting an estimated $1.04M.

  • 49 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q3 2020, unchanged from Q2 2020.
  • Funds reported $64.4M of Virtus Convertible & Income Fund II stock for Q3 2020, up 8.2% quarter-over-quarter.
  • 7 funds opened new Virtus Convertible & Income Fund II positions in Q3 2020 and 7 closed out, a net change of 0 holders.
  • The largest Virtus Convertible & Income Fund II buyer in Q3 2020 was Royal Bank of Canada, an estimated $1.5M added.
  • The largest Virtus Convertible & Income Fund II seller in Q3 2020 was Guggenheim Capital, an estimated $1.04M sold.

Based on aggregated 13F filings for Q3 2020.