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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
BAM
76
Belpointe Asset Management
Nevada
$103K +$101K +8,550 New
Citigroup
77
Citigroup
New York
$91K -$41.8K -3,530 -32%
Northwestern Mutual Wealth Management
78
Northwestern Mutual Wealth Management
Wisconsin
$85K +$59 +5 +0.1%
NSIM
79
North Star Investment Management
Illinois
$48K – – –
RFC
80
Regions Financial Corp
Alabama
$47K +$34.4K +2,900 +290%
MFW
81
Mosaic Family Wealth
Missouri
$38K – – –
IFAM
82
Institutional & Family Asset Management
Colorado
$36K – – –
Deutsche Bank
83
Deutsche Bank
Germany
$31K – – –
CJA
84
C-J Advisory
California
$28K +$27.7K +2,340 New
FHA
85
Flagship Harbor Advisors
Massachusetts
$25K – – –
ASN
86
Advisory Services Network
Georgia
$24K -$272 -23 -1%
AIM
87
Arcadia Investment Management
Michigan
$21K – – –
RBC
88
Roble Belko & Company
Pennsylvania
$15K – – –
SWM
89
SeaCrest Wealth Management
New York
$14K – – –
RCAG
90
Rehmann Capital Advisory Group
Michigan
$12.3K – – –
OIA
91
Optimum Investment Advisors
Illinois
$12K – – –
OIA
92
OneDigital Investment Advisors
Kansas
$12K +$462 +39 +4%
AF
93
Advisornet Financial
Minnesota
$9K -$9.48K -800 -52%
FHB
94
First Hawaiian Bank
Hawaii
$8K – – –
SNT
95
Security National Trust
West Virginia
$7K – – –
FWM
96
Focused Wealth Management
New York
$6K – – –
Carson Wealth (CWM LLC)
97
Carson Wealth (CWM LLC)
Nebraska
$5K -$2.1M -177,124 -100%
APA
98
American Portfolios Advisors
New York
$4.22K +$2.07K +175 +100%
IA
99
IFP Advisors
Florida
$4K -$74.6K -6,294 -95%
KL
100
KWMG LLC
Kansas
$4K – – –
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.