Virtus Dividend, Interest & Premium Strategy Fund
108 hedge funds and large institutions have $348M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2018 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 41 increasing their positions, 16 reducing their positions, and 9 closing their positions.
156% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 16
89% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 9
7% more funds holding
Funds holding: 101 → 108 (+7)
1% more capital invested
Capital invested by funds: $344M → $348M (+$3.65M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.75% less ownership
Funds ownership: 28.74% → 27.98% (-0.75%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.57M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$2.41M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$2.2M |
| 4 |
RVPG
Relative Value Partners Group
|
+$2.18M |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$1.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$18.2M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$4.52M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$4.28M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.83M |
| 5 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$1.55M |
NFJ Hedge Fund Activity: Q3 2018 in Review
108 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q3 2018, worth a combined $348M — up 1.1% from $344M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new NFJ positions and 9 closed out — a net gain of 8 holders — while 41 added to existing stakes and 16 trimmed.
The largest buyer was Parametric Portfolio Associates, adding an estimated $2.57M. The largest seller was Saba Capital Management, cutting an estimated $18.2M.
- 108 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q3 2018, up from 101 in Q2 2018.
- Funds reported $348M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q3 2018, up 1.1% quarter-over-quarter.
- 17 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q3 2018 and 9 closed out, a net change of +8 holders.
- The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q3 2018 was Parametric Portfolio Associates, an estimated $2.57M added.
- The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q3 2018 was Saba Capital Management, an estimated $18.2M sold.
Based on aggregated 13F filings for Q3 2018.