Virtus Dividend, Interest & Premium Strategy Fund
NFJ
106 hedge funds and large institutions have $343M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2020 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 30 increasing their positions, 40 reducing their positions, and 16 closing their positions.
9% more capital invested
Capital invested by funds: $316M → $343M (+$27.2M)
0.86% more ownership
Funds ownership: 29.8% → 30.67% (+0.86%)
0% more funds holding
Funds holding: 106 → 106 (0)
0% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 16
25% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 40
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$26M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$1.9M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$1.13M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.04M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$932K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$8.76M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$2.31M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$1.84M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.63M |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$1.5M |
NFJ Hedge Fund Activity: Q3 2020 in Review
106 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q3 2020, worth a combined $343M — up 8.6% from $316M a quarter earlier.
Fund positioning in NFJ was balanced in Q3 2020: 16 funds opened new positions, 16 closed out, 30 added to existing stakes and 40 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $26M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $8.76M sold.
- 106 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q3 2020, unchanged from Q2 2020.
- Funds reported $343M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q3 2020, up 8.6% quarter-over-quarter.
- 16 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q3 2020 and 16 closed out, a net change of 0 holders.
- The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q3 2020 was Saba Capital Management, an estimated $26M added.
- The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q3 2020 was Rivernorth Capital Management, an estimated $8.76M sold.
Based on aggregated 13F filings for Q3 2020.