Virtus Dividend, Interest & Premium Strategy Fund
90 hedge funds and large institutions have $260M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2016 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 27 increasing their positions, 28 reducing their positions, and 10 closing their positions.
70% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 10
11% more capital invested
Capital invested by funds: $234M → $260M (+$25.6M)
5% more funds holding
Funds holding: 86 → 90 (+4)
2.19% more ownership
Funds ownership: 19.52% → 21.71% (+2.2%)
4% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
+$12.4M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.62M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$4.1M |
| 4 |
Morgan Stanley
New York
|
+$3.4M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$2.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$2.58M |
| 2 |
PCM
Pointe Capital Management
Grosse Pointe Farms,
Michigan
|
-$2.43M |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$1.36M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.17M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$851K |
NFJ Hedge Fund Activity: Q4 2016 in Review
90 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q4 2016, worth a combined $260M — up 11% from $234M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new NFJ positions and 10 closed out — a net gain of 7 holders — while 27 added to existing stakes and 28 trimmed.
The largest buyer was Relative Value Partners Group, adding an estimated $12.4M. The largest seller was Bank of Nova Scotia, exiting entirely with an estimated $2.58M sold.
- 90 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q4 2016, up from 86 in Q3 2016.
- Funds reported $260M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q4 2016, up 11% quarter-over-quarter.
- 17 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q4 2016 and 10 closed out, a net change of +7 holders.
- The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q4 2016 was Relative Value Partners Group, an estimated $12.4M added.
- The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q4 2016 was Bank of Nova Scotia, an estimated $2.58M sold.
Based on aggregated 13F filings for Q4 2016.