Virtus Dividend, Interest & Premium Strategy Fund
NFJ
85 hedge funds and large institutions have $234M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2016 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 31 increasing their positions, 26 reducing their positions, and 9 closing their positions.
19% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 26
3% more capital invested
Capital invested by funds: $227M → $234M (+$6.96M)
0.11% more ownership
Funds ownership: 19.39% → 19.5% (+0.11%)
0% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 9
1% less funds holding
Funds holding: 86 → 85 (-1)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
+$8.75M |
| 2 |
SCM
Saba Capital Management
New York
|
+$6.34M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$2.35M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.46M |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$1.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$5.44M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$3.42M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$2.79M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$2.43M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.57M |
NFJ Hedge Fund Activity: Q3 2016 in Review
85 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q3 2016, worth a combined $234M — up 3.1% from $227M a quarter earlier.
Fund positioning in NFJ was balanced in Q3 2016: 9 funds opened new positions, 9 closed out, 31 added to existing stakes and 26 trimmed.
The largest buyer was Relative Value Partners Group, adding an estimated $8.75M. The largest seller was Morgan Stanley, cutting an estimated $5.44M.
- 85 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q3 2016, down from 86 in Q2 2016.
- Funds reported $234M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q3 2016, up 3.1% quarter-over-quarter.
- 9 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q3 2016 and 9 closed out, a net change of 0 holders.
- The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q3 2016 was Relative Value Partners Group, an estimated $8.75M added.
- The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q3 2016 was Morgan Stanley, an estimated $5.44M sold.
Based on aggregated 13F filings for Q3 2016.