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NFJ

Virtus Dividend, Interest & Premium Strategy Fund
NFJ

109 hedge funds and large institutions have $302M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2017 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 27 increasing their positions, 23 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

433% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 6

31% more funds holding

Funds holding: 83 → 109 (+26)

17% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 23

6% more capital invested

Capital invested by funds: $284M → $302M (+$18.1M)

2.04% more ownership

Funds ownership: 22.37% → 24.41% (+2%)

Holders
109
Holders Change
+26
Holders Change %
+31.33%
% of All Funds
2.47%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
32
Increased
27
Reduced
23
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
+$5.84M
2
PPA
Parametric Portfolio Associates
Washington
+$3.09M
3
CRC
Curi RMB Capital
Illinois
+$2.63M
4
SIA
Starfire Investment Advisers
Michigan
+$2.39M
5
Stifel Financial
Stifel Financial
Missouri
+$2.11M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$5.46M
2
OA
Oxbow Advisors
Texas
-$1.08M
3
AG
Advisor Group
Arizona
-$727K
4
HighTower Advisors
HighTower Advisors
Illinois
-$551K
5
CP
Camelot Portfolios
Ohio
-$423K
Name Holding Trade Value Shares
Change 		Change in
Stake
TJHA
26
Thomas J. Herzfeld Advisors
Florida
$1.25M -$214K -16,032 -14%
Thrivent Financial for Lutherans
27
Thrivent Financial for Lutherans
Minnesota
$1.23M +$118K +8,800 +10%
CA
28
Cornerstone Advisors
North Carolina
$1.21M +$1.24M +92,864 New
OFG
29
OTA Financial Group
New York
$1.19M +$1.21M +90,835 New
RJA
30
Raymond James & Associates
Florida
$1.17M +$251K +18,798 +27%
Geode Capital Management
31
Geode Capital Management
Massachusetts
$1.12M +$1.15M +85,877 New
CAN
32
Cetera Advisor Networks
California
$1.1M +$129K +9,636 +13%
FFSOTS
33
Fiduciary Financial Services of The Southwest
Texas
$1.09M +$560K +41,924 +101%
RJFSA
34
Raymond James Financial Services Advisors
Florida
$1.06M -$228K -17,059 -17%
BBPWM
35
Blue Bell Private Wealth Management
Pennsylvania
$970K +$336K +25,159 +51%
BFEC
36
Benjamin F. Edwards & Company
Missouri
$966K +$935K +69,955 +1,734%
DADC
37
D.A. Davidson & Co
Montana
$910K +$15K +1,122 +2%
COLIM
38
City of London Investment Management
United Kingdom
$626K +$445K +33,317 +227%
LTFS
39
Ladenburg Thalmann Financial Services
Florida
$543K +$4.72K +353 +0.9%
Janney Montgomery Scott
40
Janney Montgomery Scott
Pennsylvania
$531K -$23K -1,718 -4%
AA
41
Ancora Advisors
Ohio
$461K -$86.9K -6,500 -16%
QPWM
42
Quadrant Private Wealth Management
Pennsylvania
$438K – – –
BC
43
Brinker Capital
Pennsylvania
$429K -$17.1K -1,282 -4%
PAS
44
Park Avenue Securities
New York
$427K +$169K +12,674 +63%
LPL Financial
45
LPL Financial
California
$424K -$19.7K -1,473 -4%
CIA
46
Capital Investment Advisors
Georgia
$413K – – –
VCWA
47
Vanguard Capital Wealth Advisors
Colorado
$406K +$415K +31,088 New
Cambridge Investment Research Advisors
48
Cambridge Investment Research Advisors
Iowa
$377K -$15.4K -1,153 -4%
DA
49
Doliver Advisors
Texas
$344K +$352K +26,356 New
AG
50
Advisor Group
Arizona
$314K -$727K -54,442 -69%
1
2
3 4 5

NFJ Hedge Fund Activity: Q4 2017 in Review

109 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q4 2017, worth a combined $302M — up 6.4% from $284M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new NFJ positions and 6 closed out — a net gain of 26 holders — while 27 added to existing stakes and 23 trimmed.

The largest buyer was Shaker Financial Services, opening a new position worth an estimated $5.84M. The largest seller was Morgan Stanley, cutting an estimated $5.46M.

  • 109 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q4 2017, up from 83 in Q3 2017.
  • Funds reported $302M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q4 2017, up 6.4% quarter-over-quarter.
  • 32 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q4 2017 and 6 closed out, a net change of +26 holders.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q4 2017 was Shaker Financial Services, an estimated $5.84M added.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q4 2017 was Morgan Stanley, an estimated $5.46M sold.

Based on aggregated 13F filings for Q4 2017.