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NFJ

Virtus Dividend, Interest & Premium Strategy Fund
NFJ

85 hedge funds and large institutions have $234M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2016 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 31 increasing their positions, 26 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 26

3% more capital invested

Capital invested by funds: $227M → $234M (+$6.96M)

0.11% more ownership

Funds ownership: 19.39% → 19.5% (+0.11%)

0% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 9

1% less funds holding

Funds holding: 86 → 85 (-1)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
85
Holders Change
-1
Holders Change %
-1.16%
% of All Funds
2.27%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
9
Increased
31
Reduced
26
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RVPG
Relative Value Partners Group
+$8.75M
2
SCM
Saba Capital Management
New York
+$6.34M
3
Wells Fargo
Wells Fargo
California
+$2.35M
4
AAM
Advisors Asset Management
Colorado
+$1.46M
5
CAN
Cetera Advisor Networks
California
+$1.31M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$5.44M
2
CA
Cornerstone Advisors
North Carolina
-$3.42M
3
WAM
Wolverine Asset Management
Illinois
-$2.79M
4
SFS
Shaker Financial Services
Virginia
-$2.43M
5
LCM
Landscape Capital Management
New Jersey
-$1.57M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$73.2M -$5.44M -429,327 -7%
Bank of America
2
Bank of America
North Carolina
$28.1M -$744K -58,741 -3%
GC
3
Guggenheim Capital
Illinois
$18.9M +$1.23M +97,177 +7%
Invesco
4
Invesco
Georgia
$18M +$607K +47,895 +3%
SCM
5
Saba Capital Management
New York
$16.3M +$6.34M +500,064 +63%
RVPG
6
Relative Value Partners Group
$8.97M +$8.75M +690,248 +3,532%
KIM
7
Karpus Investment Management
New York
$8.53M -$653K -51,485 -7%
UBS Group
8
UBS Group
Switzerland
$4.72M +$332K +26,192 +8%
Stifel Financial
9
Stifel Financial
Missouri
$4.42M +$304K +23,950 +7%
Wells Fargo
10
Wells Fargo
California
$4.34M +$2.35M +185,423 +117%
CA
11
Cornerstone Advisors
North Carolina
$4.22M -$3.42M -269,836 -45%
Baird Financial Group
12
Baird Financial Group
Wisconsin
$3.85M +$556K +43,847 +17%
AAM
13
Advisors Asset Management
Colorado
$3.78M +$1.46M +115,199 +63%
CAN
14
Cetera Advisor Networks
California
$2.8M +$1.31M +103,377 +87%
Bank of Nova Scotia
15
Bank of Nova Scotia
Ontario, Canada
$2.58M -$1.1M -86,448 -30%
PCM
16
Pointe Capital Management
Michigan
$2.43M +$29.5K +2,330 +1%
RJA
17
Raymond James & Associates
Florida
$1.94M +$310K +24,447 +19%
1832 Asset Management
18
1832 Asset Management
Ontario, Canada
$1.9M – – –
Cohen & Steers
19
Cohen & Steers
New York
$1.42M – – –
Citigroup
20
Citigroup
New York
$1.4M -$333K -26,262 -19%
RJFSA
21
Raymond James Financial Services Advisors
Florida
$1.38M +$34.6K +2,733 +3%
LPL Financial
22
LPL Financial
California
$1.34M -$85K -6,706 -6%
AG
23
Advisor Group
Arizona
$1.29M +$268K +21,153 +26%
First Trust Advisors
24
First Trust Advisors
Illinois
$1.27M +$48.8K +3,850 +4%
Commonwealth Equity Services
25
Commonwealth Equity Services
Massachusetts
$1.21M +$805K +63,525 +197%
1
2 3 4

NFJ Hedge Fund Activity: Q3 2016 in Review

85 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q3 2016, worth a combined $234M — up 3.1% from $227M a quarter earlier.

Fund positioning in NFJ was balanced in Q3 2016: 9 funds opened new positions, 9 closed out, 31 added to existing stakes and 26 trimmed.

The largest buyer was Relative Value Partners Group, adding an estimated $8.75M. The largest seller was Morgan Stanley, cutting an estimated $5.44M.

  • 85 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q3 2016, down from 86 in Q2 2016.
  • Funds reported $234M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q3 2016, up 3.1% quarter-over-quarter.
  • 9 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q3 2016 and 9 closed out, a net change of 0 holders.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q3 2016 was Relative Value Partners Group, an estimated $8.75M added.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q3 2016 was Morgan Stanley, an estimated $5.44M sold.

Based on aggregated 13F filings for Q3 2016.