Virtus Dividend, Interest & Premium Strategy Fund
NFJ
59 hedge funds and large institutions have $258M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2014 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 24 increasing their positions, 20 reducing their positions, and 10 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 20
8% more capital invested
Capital invested by funds: $239M → $258M (+$19.5M)
0.58% more ownership
Funds ownership: 14.28% → 14.86% (+0.58%)
6% less funds holding
Funds holding: 63 → 59 (-4)
40% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$4.15M |
| 2 |
Morgan Stanley
New York
|
+$3M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.29M |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$2.29M |
| 5 |
LPL Financial
San Diego,
California
|
+$918K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$3.14M |
| 2 |
SG Americas Securities
New York
|
-$2.07M |
| 3 |
Cohen & Steers
New York
|
-$1.83M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$910K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$810K |
NFJ Hedge Fund Activity: Q1 2014 in Review
59 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q1 2014, worth a combined $258M — up 8.2% from $239M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of NFJ and 6 opened new positions — a net loss of 4 holders — while 20 trimmed existing stakes and 24 added.
The largest buyer was Bank of America, adding an estimated $4.15M. The largest seller was Advisors Asset Management, cutting an estimated $3.14M.
- 59 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q1 2014, down from 63 in Q4 2013.
- Funds reported $258M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q1 2014, up 8.2% quarter-over-quarter.
- 6 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q1 2014 and 10 closed out, a net change of -4 holders.
- The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q1 2014 was Bank of America, an estimated $4.15M added.
- The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q1 2014 was Advisors Asset Management, an estimated $3.14M sold.
Based on aggregated 13F filings for Q1 2014.