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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$2.3M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.26M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.21M |
| 4 |
Morgan Stanley
New York
|
+$1.74M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$6.69M |
| 2 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
-$3.58M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$2.82M |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$2.56M |
| 5 |
Millennium Management
New York
|
-$1.92M |
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.