Virtus Dividend, Interest & Premium Strategy Fund
61 hedge funds and large institutions have $279M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2014 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 24 increasing their positions, 15 reducing their positions, and 7 closing their positions.
60% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 15
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
8% more capital invested
Capital invested by funds: $258M → $279M (+$20.7M)
2% more funds holding
Funds holding: 60 → 61 (+1)
0.84% more ownership
Funds ownership: 14.86% → 15.7% (+0.84%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
+$9.57M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$6.74M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.77M |
| 4 |
PA
Pinnacle Associates
New York
|
+$2.31M |
| 5 |
IMS
Index Management Solutions
Philadelphia,
Pennsylvania
|
+$1.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$6M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$1.83M |
| 3 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$1.34M |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$636K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$336K |
NFJ Hedge Fund Activity: Q2 2014 in Review
61 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q2 2014, worth a combined $279M — up 8% from $258M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new NFJ positions and 7 closed out — a net gain of 1 holder — while 24 added to existing stakes and 15 trimmed.
The largest buyer was UBS, adding an estimated $9.57M. The largest seller was Morgan Stanley, cutting an estimated $6M.
- 61 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q2 2014, up from 60 in Q1 2014.
- Funds reported $279M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q2 2014, up 8% quarter-over-quarter.
- 8 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q2 2014 and 7 closed out, a net change of +1 holder.
- The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q2 2014 was UBS, an estimated $9.57M added.
- The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q2 2014 was Morgan Stanley, an estimated $6M sold.
Based on aggregated 13F filings for Q2 2014.