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NFJ

Virtus Dividend, Interest & Premium Strategy Fund
NFJ

112 hedge funds and large institutions have $271M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2020 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 39 increasing their positions, 28 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

39% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 28

31% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 16

2% more funds holding

Funds holding: 110 → 112 (+2)

0.01% less ownership

Funds ownership: 29.74% → 29.72% (-0.01%)

26% less capital invested

Capital invested by funds: $368M → $271M (-$96.6M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
112
Holders Change
+2
Holders Change %
+1.82%
% of All Funds
2.47%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
21
Increased
39
Reduced
28
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
+$2.3M
2
KIM
Karpus Investment Management
New York
+$2.26M
3
SIA
Sit Investment Associates
Minnesota
+$2.21M
4
Morgan Stanley
Morgan Stanley
New York
+$1.74M
5
Wells Fargo
Wells Fargo
California
+$1.56M

Top Sellers

Rank Fund Capital Flow
1
CA
Cornerstone Advisors
North Carolina
-$6.69M
2
AWA
Arete Wealth Advisors
Illinois
-$3.58M
3
Bank of America
Bank of America
North Carolina
-$2.82M
4
Baird Financial Group
Baird Financial Group
Wisconsin
-$2.56M
5
Millennium Management
Millennium Management
New York
-$1.92M
Name Holding Trade Value Shares
Change 		Change in
Stake
IWA
26
IBEX Wealth Advisors
New Jersey
$1.2M +$153K +12,774 +11%
CRC
27
Curi RMB Capital
Illinois
$1.13M +$1.41M +117,222 New
Goldman Sachs
28
Goldman Sachs
New York
$1.08M +$1.36M +112,876 New
Commonwealth Equity Services
29
Commonwealth Equity Services
Massachusetts
$1.03M +$233K +19,369 +22%
COLIM
30
City of London Investment Management
United Kingdom
$1.01M -$29.1K -2,427 -2%
BBPWM
31
Blue Bell Private Wealth Management
Pennsylvania
$916K -$30K -2,501 -3%
Bank of Montreal
32
Bank of Montreal
Ontario, Canada
$894K -$394K -32,810 -26%
CAN
33
Cetera Advisor Networks
California
$839K -$23.4K -1,947 -2%
Thrivent Financial for Lutherans
34
Thrivent Financial for Lutherans
Minnesota
$817K – – –
BFEC
35
Benjamin F. Edwards & Company
Missouri
$807K -$63.2K -5,264 -6%
Osaic Holdings
36
Osaic Holdings
Arizona
$685K +$856K +71,246 New
WA
37
Wealth Alliance
New York
$651K +$35.5K +2,957 +5%
SWM
38
Sugarloaf Wealth Management
Georgia
$636K +$21.1K +1,761 +3%
Rockefeller Capital Management
39
Rockefeller Capital Management
New York
$587K +$734K +61,121 New
DADC
40
D.A. Davidson & Co
Montana
$586K -$81.1K -6,751 -10%
Envestnet Asset Management
41
Envestnet Asset Management
Illinois
$496K +$31.3K +2,604 +5%
Citigroup
42
Citigroup
New York
$472K +$8.37K +697 +1%
PAS
43
Park Avenue Securities
New York
$469K +$52.7K +4,386 +10%
AGM
44
Alpine Global Management
New York
$417K +$521K +43,407 New
AA
45
AQR Arbitrage
Connecticut
$384K +$480K +39,951 New
Walleye Capital
46
Walleye Capital
New York
$374K +$191K +15,900 +69%
Mirae Asset Global Investments
47
Mirae Asset Global Investments
South Korea
$361K -$199K -16,585 -31%
VVP
48
Venture Visionary Partners
Ohio
$353K -$3.92K -326 -0.9%
Cambridge Investment Research Advisors
49
Cambridge Investment Research Advisors
Iowa
$352K +$7.04K +586 +2%
PAG
50
Private Advisor Group
New Jersey
$334K -$17.3K -1,444 -4%
1
2
3 4 5

NFJ Hedge Fund Activity: Q1 2020 in Review

112 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q1 2020, worth a combined $271M — down 26% from $368M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new NFJ positions and 16 closed out — a net gain of 5 holders — while 39 added to existing stakes and 28 trimmed.

The largest buyer was Invesco, adding an estimated $2.3M. The largest seller was Cornerstone Advisors, exiting entirely with an estimated $6.69M sold.

  • 112 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q1 2020, up from 110 in Q4 2019.
  • Funds reported $271M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q1 2020, down 26% quarter-over-quarter.
  • 21 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q1 2020 and 16 closed out, a net change of +5 holders.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q1 2020 was Invesco, an estimated $2.3M added.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q1 2020 was Cornerstone Advisors, an estimated $6.69M sold.

Based on aggregated 13F filings for Q1 2020.