Virtus Dividend, Interest & Premium Strategy Fund
NFJ
60 hedge funds and large institutions have $295M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2014 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 24 increasing their positions, 16 reducing their positions, and 6 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 16
6% more capital invested
Capital invested by funds: $279M → $295M (+$15.5M)
1.37% more ownership
Funds ownership: 15.7% → 17.07% (+1.4%)
0% more funds holding
Funds holding: 60 → 60 (0)
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$11.8M |
| 2 |
Morgan Stanley
New York
|
+$4.71M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$3.06M |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$2.45M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$2.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.41M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$1.05M |
| 3 |
Jane Street
New York
|
-$515K |
| 4 |
PA
Pinnacle Associates
New York
|
-$299K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$157K |
NFJ Hedge Fund Activity: Q3 2014 in Review
60 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q3 2014, worth a combined $295M — up 5.6% from $279M a quarter earlier.
Fund positioning in NFJ was balanced in Q3 2014: 6 funds opened new positions, 6 closed out, 24 added to existing stakes and 16 trimmed.
The largest buyer was Cambridge Investment Research Advisors, adding an estimated $11.8M. The largest seller was Advisors Asset Management, exiting entirely with an estimated $1.41M sold.
- 60 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q3 2014, unchanged from Q2 2014.
- Funds reported $295M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q3 2014, up 5.6% quarter-over-quarter.
- 6 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q3 2014 and 6 closed out, a net change of 0 holders.
- The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q3 2014 was Cambridge Investment Research Advisors, an estimated $11.8M added.
- The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q3 2014 was Advisors Asset Management, an estimated $1.41M sold.
Based on aggregated 13F filings for Q3 2014.