Virtus Dividend, Interest & Premium Strategy Fund
88 hedge funds and large institutions have $281M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2017 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 29 increasing their positions, 27 reducing their positions, and 8 closing their positions.
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
2% more funds holding
Funds holding: 86 → 88 (+2)
7% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 27
1% more capital invested
Capital invested by funds: $278M → $281M (+$2.6M)
0.14% less ownership
Funds ownership: 22.75% → 22.61% (-0.14%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$10.6M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$3.13M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$2.74M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.99M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$8.15M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.63M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$4.17M |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$4.14M |
| 5 |
SCM
Saba Capital Management
New York
|
-$1.69M |
NFJ Hedge Fund Activity: Q2 2017 in Review
88 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q2 2017, worth a combined $281M — up 0.93% from $278M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new NFJ positions and 8 closed out — a net gain of 2 holders — while 29 added to existing stakes and 27 trimmed.
The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $10.6M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $8.15M sold.
- 88 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q2 2017, up from 86 in Q1 2017.
- Funds reported $281M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q2 2017, up 0.93% quarter-over-quarter.
- 10 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q2 2017 and 8 closed out, a net change of +2 holders.
- The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q2 2017 was Parametric Portfolio Associates, an estimated $10.6M added.
- The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q2 2017 was Karpus Investment Management, an estimated $8.15M sold.
Based on aggregated 13F filings for Q2 2017.