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NFJ

Virtus Dividend, Interest & Premium Strategy Fund
NFJ

90 hedge funds and large institutions have $261M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2016 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 28 increasing their positions, 28 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 10

12% more capital invested

Capital invested by funds: $234M → $261M (+$27.7M)

6% more funds holding

Funds holding: 85 → 90 (+5)

2.36% more ownership

Funds ownership: 19.5% → 21.87% (+2.4%)

0% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 28

Holders
90
Holders Change
+5
Holders Change %
+5.88%
% of All Funds
2.25%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
18
Increased
28
Reduced
28
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RVPG
Relative Value Partners Group
+$12.4M
2
RCM
Rivernorth Capital Management
Florida
+$5.62M
3
CA
Cornerstone Advisors
North Carolina
+$4.1M
4
Morgan Stanley
Morgan Stanley
New York
+$3.4M
5
LCM
Landscape Capital Management
New Jersey
+$2.98M

Top Sellers

1
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
-$2.58M
2
PCM
Pointe Capital Management
Michigan
-$2.43M
3
CAN
Cetera Advisor Networks
California
-$1.36M
4
GC
Guggenheim Capital
Illinois
-$1.17M
5
Invesco
Invesco
Georgia
-$851K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$76.5M +$3.4M +271,353 +5%
Bank of America
2
Bank of America
North Carolina
$27.8M -$264K -21,126 -1%
RVPG
3
Relative Value Partners Group
$21.4M +$12.4M +990,869 +140%
GC
4
Guggenheim Capital
Illinois
$17.6M -$1.17M -93,187 -6%
Invesco
5
Invesco
Georgia
$17.1M -$851K -67,941 -5%
SCM
6
Saba Capital Management
New York
$16.2M -$38.2K -3,050 -0.2%
KIM
7
Karpus Investment Management
New York
$8.46M -$51.1K -4,085 -0.6%
CA
8
Cornerstone Advisors
North Carolina
$8.34M +$4.1M +327,499 +98%
RCM
9
Rivernorth Capital Management
Florida
$5.66M +$5.62M +449,123 New
Wells Fargo
10
Wells Fargo
California
$5.63M +$1.28M +102,586 +30%
UBS Group
11
UBS Group
Switzerland
$4.67M -$40.7K -3,249 -0.9%
Stifel Financial
12
Stifel Financial
Missouri
$4.25M -$155K -12,372 -4%
AAM
13
Advisors Asset Management
Colorado
$4.1M +$330K +26,366 +9%
Baird Financial Group
14
Baird Financial Group
Wisconsin
$4.07M +$227K +18,173 +6%
1832 Asset Management
15
1832 Asset Management
Ontario, Canada
$3.74M +$1.88M +150,000 +100%
LCM
16
Landscape Capital Management
New Jersey
$3.59M +$2.98M +238,039 +513%
Citigroup
17
Citigroup
New York
$3.32M +$1.91M +152,954 +139%
LPL Financial
18
LPL Financial
California
$1.59M +$210K +16,754 +16%
RJA
19
Raymond James & Associates
Florida
$1.59M -$343K -27,372 -18%
First Trust Advisors
20
First Trust Advisors
Illinois
$1.57M +$301K +24,034 +24%
TJHA
21
Thomas J. Herzfeld Advisors
Florida
$1.46M +$676K +54,001 +87%
CAN
22
Cetera Advisor Networks
California
$1.43M -$1.36M -108,344 -49%
AG
23
Advisor Group
Arizona
$1.4M +$118K +9,393 +9%
Commonwealth Equity Services
24
Commonwealth Equity Services
Massachusetts
$1.35M +$145K +11,617 +12%
Cohen & Steers
25
Cohen & Steers
New York
$1.35M -$68.3K -5,459 -5%
1
2 3 4

NFJ Hedge Fund Activity: Q4 2016 in Review

90 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q4 2016, worth a combined $261M — up 12% from $234M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new NFJ positions and 10 closed out — a net gain of 8 holders — while 28 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 85 in Q3 2016.
  • Funds reported $261M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q4 2016, up 12% quarter-over-quarter.
  • 18 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q4 2016 and 10 closed out, a net change of +8 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.