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NFJ

Virtus Dividend, Interest & Premium Strategy Fund
NFJ

60 hedge funds and large institutions have $295M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2014 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 24 increasing their positions, 16 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 16

6% more capital invested

Capital invested by funds: $279M → $295M (+$15.5M)

1.37% more ownership

Funds ownership: 15.7% → 17.07% (+1.4%)

0% more funds holding

Funds holding: 60 → 60 (0)

0% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 6

Holders
60
Holders Change
–
Holders Change %
0%
% of All Funds
1.74%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
24
Reduced
16
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$11.8M
2
Morgan Stanley
Morgan Stanley
New York
+$4.71M
3
GC
Guggenheim Capital
Illinois
+$3.06M
4
U
UBS
Switzerland
+$2.45M
5
Bank of America
Bank of America
North Carolina
+$2.17M

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$1.41M
2
Invesco
Invesco
Georgia
-$1.05M
3
Jane Street
Jane Street
New York
-$515K
4
PA
Pinnacle Associates
New York
-$299K
5
RJA
Raymond James & Associates
Florida
-$157K
Name Holding Trade Value Shares
Change 		Change in
Stake
First Manhattan
51
First Manhattan
New York
$18K – – –
RFA
52
Reilly Financial Advisors
California
$18K – – –
WRM
53
Westport Resources Management
Connecticut
$18K – – –
OIA
54
Optimum Investment Advisors
Illinois
$17K – – –
HI
55
Hudock Inc
Pennsylvania
$16K – – –
NFG
56
Next Financial Group
Texas
$13K – – –
SNT
57
Security National Trust
West Virginia
$11K – – –
TSW
58
Thompson Siegel & Walmsley
Virginia
$9K +$9.34K +500 New
Fifth Third Bancorp
59
Fifth Third Bancorp
Ohio
$7K -$9.31K -498 -58%
BBPWM
60
Blue Bell Private Wealth Management
Pennsylvania
$1K – – –
AAM
61
Advisors Asset Management
Colorado
– -$1.41M -75,031 Closed
BRWA
62
B. Riley Wealth Advisors
Florida
– -$132K -7,010 Closed
AF
63
Arrow Financial
New York
– -$21K -1,128 Closed
TFA
64
Transamerica Financial Advisors
Florida
– -$8K -400 Closed
MIM
65
Macroview Investment Management
Maryland
– -$4K -200 Closed
1 2
3

NFJ Hedge Fund Activity: Q3 2014 in Review

60 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q3 2014, worth a combined $295M — up 5.6% from $279M a quarter earlier.

Fund positioning in NFJ was balanced in Q3 2014: 6 funds opened new positions, 6 closed out, 24 added to existing stakes and 16 trimmed.

The largest buyer was Cambridge Investment Research Advisors, adding an estimated $11.8M. The largest seller was Advisors Asset Management, exiting entirely with an estimated $1.41M sold.

  • 60 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q3 2014, unchanged from Q2 2014.
  • Funds reported $295M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q3 2014, up 5.6% quarter-over-quarter.
  • 6 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q3 2014 and 6 closed out, a net change of 0 holders.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q3 2014 was Cambridge Investment Research Advisors, an estimated $11.8M added.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q3 2014 was Advisors Asset Management, an estimated $1.41M sold.

Based on aggregated 13F filings for Q3 2014.