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NFJ

Virtus Dividend, Interest & Premium Strategy Fund
NFJ

107 hedge funds and large institutions have $332M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2018 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 38 increasing their positions, 25 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 25

10% more capital invested

Capital invested by funds: $302M → $332M (+$29.9M)

3.1% more ownership

Funds ownership: 24.41% → 27.51% (+3.1%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2% less funds holding

Funds holding: 109 → 107 (-2)

13% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 15

Holders
107
Holders Change
-2
Holders Change %
-1.83%
% of All Funds
2.45%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
13
Increased
38
Reduced
25
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$16M
2
Wells Fargo
Wells Fargo
California
+$7.43M
3
RCM
Rivernorth Capital Management
Florida
+$6.08M
4
PPA
Parametric Portfolio Associates
Washington
+$5.93M
5
CA
Cornerstone Advisors
North Carolina
+$4.68M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$5.33M
2
SIA
Starfire Investment Advisers
Michigan
-$2.34M
3
Bank of America
Bank of America
North Carolina
-$2.17M
4
First Trust Advisors
First Trust Advisors
Illinois
-$2.02M
5
SFS
Shaker Financial Services
Virginia
-$2.02M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of Nova Scotia
26
Bank of Nova Scotia
Ontario, Canada
$1.52M +$1.57M +119,648 New
Commonwealth Equity Services
27
Commonwealth Equity Services
Massachusetts
$1.23M -$182K -13,830 -12%
Thrivent Financial for Lutherans
28
Thrivent Financial for Lutherans
Minnesota
$1.19M – – –
BFEC
29
Benjamin F. Edwards & Company
Missouri
$1.09M +$155K +11,767 +16%
DA
30
Doliver Advisors
Texas
$1.06M +$753K +57,299 +217%
BBPWM
31
Blue Bell Private Wealth Management
Pennsylvania
$1.06M +$119K +9,036 +12%
LCM
32
Landscape Capital Management
New Jersey
$1.05M -$307K -23,385 -22%
RJFSA
33
Raymond James Financial Services Advisors
Florida
$1.02M -$11.8K -898 -1%
FFSOTS
34
Fiduciary Financial Services of The Southwest
Texas
$992K -$72.4K -5,508 -7%
DADC
35
D.A. Davidson & Co
Montana
$932K +$47.8K +3,632 +5%
BC
36
Brinker Capital
Pennsylvania
$751K +$346K +26,289 +80%
COLIM
37
City of London Investment Management
United Kingdom
$610K – – –
CCP
38
Cardan Capital Partners
Colorado
$555K +$574K +43,663 New
LTFS
39
Ladenburg Thalmann Financial Services
Florida
$553K +$24K +1,824 +4%
PAS
40
Park Avenue Securities
New York
$542K +$140K +10,618 +32%
SKK
41
Shepherd Kaplan Krochuk
Massachusetts
$516K +$338K +25,740 +173%
Janney Montgomery Scott
42
Janney Montgomery Scott
Pennsylvania
$511K -$5.36K -408 -1%
QPWM
43
Quadrant Private Wealth Management
Pennsylvania
$493K – – –
CIA
44
Capital Investment Advisors
Georgia
$402K – – –
AA
45
Ancora Advisors
Ohio
$388K -$62.4K -4,745 -13%
LPL Financial
46
LPL Financial
California
$376K -$37.8K -2,875 -9%
Cambridge Investment Research Advisors
47
Cambridge Investment Research Advisors
Iowa
$361K -$6.18K -470 -2%
GXMC
48
Global X Management Company
New York
$337K +$38.7K +2,941 +12%
VCWA
49
Vanguard Capital Wealth Advisors
Colorado
$333K -$60.6K -4,612 -15%
SI
50
Stephens Inc
Arkansas
$317K +$103K +7,863 +46%
1
2
3 4 5

NFJ Hedge Fund Activity: Q1 2018 in Review

107 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q1 2018, worth a combined $332M — up 9.9% from $302M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of NFJ and 13 opened new positions — a net loss of 2 holders — while 25 trimmed existing stakes and 38 added.

The largest buyer was Saba Capital Management, adding an estimated $16M. The largest seller was Morgan Stanley, cutting an estimated $5.33M.

  • 107 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q1 2018, down from 109 in Q4 2017.
  • Funds reported $332M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q1 2018, up 9.9% quarter-over-quarter.
  • 13 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q1 2018 and 15 closed out, a net change of -2 holders.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q1 2018 was Saba Capital Management, an estimated $16M added.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q1 2018 was Morgan Stanley, an estimated $5.33M sold.

Based on aggregated 13F filings for Q1 2018.