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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
QCIG
76
Quad-Cities Investment Group
Iowa
$131K +$4.62K +385 +3%
BRWM
77
B. Riley Wealth Management
Tennessee
$129K +$160K +13,359 New
CCP
78
Corient Capital Partners
California
$125K – – –
SKK
79
Shepherd Kaplan Krochuk
Massachusetts
$122K +$18.9K +1,570 +14%
SPC
80
Sigma Planning Corp
Michigan
$118K – – –
HA
81
Harborview Advisors
Maine
$118K +$26K +2,169 +22%
SPIA
82
Steward Partners Investment Advisory
New York
$104K -$10.1K -839 -7%
LCM
83
Landscape Capital Management
New Jersey
$101K +$126K +10,480 New
EP
84
Eudaimonia Partners
Tennessee
$100K +$3.95K +329 +3%
Northwestern Mutual Wealth Management
85
Northwestern Mutual Wealth Management
Wisconsin
$97K +$37.2K +3,102 +44%
US Bancorp
86
US Bancorp
Minnesota
$88K -$18K -1,501 -14%
TRCT
87
Tower Research Capital (TRC)
New York
$75K +$93.4K +7,779 New
ASN
88
Advisory Services Network
Georgia
$47K +$38.5K +3,205 +194%
NSIM
89
North Star Investment Management
Illinois
$38K – – –
Fifth Third Bancorp
90
Fifth Third Bancorp
Ohio
$31K +$39.2K +3,263 New
IFAM
91
Institutional & Family Asset Management
Colorado
$29K – – –
GWMIA
92
Global Wealth Management Investment Advisory
Florida
$21K +$793 +66 +3%
AIM
93
Arcadia Investment Management
Michigan
$17K – – –
KPCM
94
Kings Point Capital Management
New York
$17K – – –
BWL
95
Bogart Wealth LLC
Virginia
$15K – – –
RBC
96
Roble Belko & Company
Pennsylvania
$12K – – –
EIP
97
Ellis Investment Partners
Pennsylvania
$11K +$612 +51 +4%
SFA
98
Semmax Financial Advisors
North Carolina
$11K +$13.2K +1,101 New
TFGT
99
TS Financial Group (TSFG)
Illinois
$10K – – –
EWM
100
EPG Wealth Management
Georgia
$9K -$10.7K -889 -48%
2 3
4
5 6

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.