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NFJ

Virtus Dividend, Interest & Premium Strategy Fund
NFJ

105 hedge funds and large institutions have $346M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2019 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 37 increasing their positions, 30 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

23% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 30

16% more capital invested

Capital invested by funds: $299M → $346M (+$47.1M)

0.82% more ownership

Funds ownership: 29.34% → 30.16% (+0.82%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

2% less funds holding

Funds holding: 107 → 105 (-2)

14% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 14

Holders
105
Holders Change
-2
Holders Change %
-1.87%
% of All Funds
2.27%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
12
Increased
37
Reduced
30
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CA
Cornerstone Advisors
North Carolina
+$4.19M
2
AWA
Arete Wealth Advisors
Illinois
+$3.64M
3
Bank of America
Bank of America
North Carolina
+$2.5M
4
PPA
Parametric Portfolio Associates
Washington
+$2.1M
5
Invesco
Invesco
Georgia
+$1.95M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$5.43M
2
Baird Financial Group
Baird Financial Group
Wisconsin
-$3.16M
3
Carson Wealth (CWM LLC)
Carson Wealth (CWM LLC)
Nebraska
-$2.1M
4
CRC
Curi RMB Capital
Illinois
-$1.34M
5
WAM
Weiss Asset Management
Massachusetts
-$1.25M
Name Holding Trade Value Shares
Change 		Change in
Stake
SFS
26
Shaker Financial Services
Virginia
$1.78M +$1.33M +112,200 +317%
BBPWM
27
Blue Bell Private Wealth Management
Pennsylvania
$1.58M +$216K +18,217 +16%
Bank of Montreal
28
Bank of Montreal
Ontario, Canada
$1.35M +$699K +59,051 +111%
CAN
29
Cetera Advisor Networks
California
$1.26M +$139K +11,726 +13%
QPWM
30
Quadrant Private Wealth Management
Pennsylvania
$1.24M – – –
BFEC
31
Benjamin F. Edwards & Company
Missouri
$1.12M +$431K +36,370 +64%
Thrivent Financial for Lutherans
32
Thrivent Financial for Lutherans
Minnesota
$1.08M – – –
IWA
33
IBEX Wealth Advisors
New Jersey
$1.08M +$1.06M +89,284 New
Commonwealth Equity Services
34
Commonwealth Equity Services
Massachusetts
$1.02M -$60K -5,067 -6%
DADC
35
D.A. Davidson & Co
Montana
$871K -$90.5K -7,642 -10%
COLIM
36
City of London Investment Management
United Kingdom
$796K +$213K +17,979 +37%
PAS
37
Park Avenue Securities
New York
$744K -$29.9K -2,526 -4%
WAM
38
Wolverine Asset Management
Illinois
$728K -$636K -53,683 -47%
FFSOTS
39
Fiduciary Financial Services of The Southwest
Texas
$714K -$7.08K -598 -1%
Envestnet Asset Management
40
Envestnet Asset Management
Illinois
$708K +$95.8K +8,087 +16%
LTFS
41
Ladenburg Thalmann Financial Services
Florida
$702K +$26.7K +2,255 +4%
AA
42
AQR Arbitrage
Connecticut
$611K +$86.2K +7,280 +17%
SKK
43
Shepherd Kaplan Krochuk
Massachusetts
$517K -$24.6K -2,080 -5%
Janney Montgomery Scott
44
Janney Montgomery Scott
Pennsylvania
$511K -$24.3K -2,050 -5%
Mirae Asset Global Investments
45
Mirae Asset Global Investments
South Korea
$504K +$73.2K +6,178 +17%
TJHA
46
Thomas J. Herzfeld Advisors
Florida
$468K – – –
MOS
47
MGO One Seven
Ohio
$366K +$37K +3,127 +11%
CIA
48
Capital Investment Advisors
Georgia
$364K -$9.18K -775 -3%
PWPS
49
Pinnacle Wealth Planning Services
Ohio
$356K +$98.9K +8,353 +39%
Cambridge Investment Research Advisors
50
Cambridge Investment Research Advisors
Iowa
$355K -$43.9K -3,703 -11%
1
2
3 4 5

NFJ Hedge Fund Activity: Q1 2019 in Review

105 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q1 2019, worth a combined $346M — up 16% from $299M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of NFJ and 12 opened new positions — a net loss of 2 holders — while 30 trimmed existing stakes and 37 added.

The largest buyer was Cornerstone Advisors, adding an estimated $4.19M. The largest seller was Morgan Stanley, cutting an estimated $5.43M.

  • 105 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q1 2019, down from 107 in Q4 2018.
  • Funds reported $346M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q1 2019, up 16% quarter-over-quarter.
  • 12 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q1 2019 and 14 closed out, a net change of -2 holders.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q1 2019 was Cornerstone Advisors, an estimated $4.19M added.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q1 2019 was Morgan Stanley, an estimated $5.43M sold.

Based on aggregated 13F filings for Q1 2019.