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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$655K |
| 2 |
Morgan Stanley
New York
|
+$485K |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$333K |
| 4 |
SBIA
Sheaff Brock Investment Advisors
Indianapolis,
Indiana
|
+$86.2K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$79.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$1.84M |
| 2 |
LPL Financial
San Diego,
California
|
-$1.82M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$950K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$732K |
| 5 |
RCA
Rowland Carmichael Advisors
Scottsdale,
Arizona
|
-$557K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $3K | – | – | – |
|
|
TRCT
52
Tower Research Capital (TRC)
New York
| $1K | +$1.08K | +44 | New |
|
|
IWM
53
IHT Wealth Management
Chicago,
Illinois
| $6 | +$63.4K | +2,583 | New |
|
|
RCA
54
Rowland Carmichael Advisors
Scottsdale,
Arizona
| – | -$557K | -23,025 | Closed |
|
55
Millennium Management
New York
| – | -$244K | -10,081 | Closed |
|
|
GI
56
Glovista Investments
Jersey City,
New Jersey
| – | -$64K | -2,663 | Closed |
|
|
FMP
57
Financial Management Professionals
Austin,
Texas
| – | -$41K | -1,700 | Closed |
|
58
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$2K | -88 | Closed |
|
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.