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NFJ

Virtus Dividend, Interest & Premium Strategy Fund
NFJ

101 hedge funds and large institutions have $324M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2019 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 31 increasing their positions, 29 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

7% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 29

1.38% less ownership

Funds ownership: 30.16% → 28.78% (-1.4%)

4% less funds holding

Funds holding: 105 → 101 (-4)

6% less capital invested

Capital invested by funds: $346M → $324M (-$21.8M)

13% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 15

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
101
Holders Change
-4
Holders Change %
-3.81%
% of All Funds
2.19%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
13
Increased
31
Reduced
29
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Wells Fargo
Wells Fargo
California
+$4.38M
2
EDRIA
Edmonds Duncan Registered Investment Advisors
Kansas
+$2.63M
3
RVPG
Relative Value Partners Group
+$1.44M
4
Invesco
Invesco
Georgia
+$962K
5
PPA
Parametric Portfolio Associates
Washington
+$489K

Top Sellers

1
GC
Guggenheim Capital
Illinois
-$2.82M
2
CRC
Curi RMB Capital
Illinois
-$1.84M
3
Bank of America
Bank of America
North Carolina
-$1.5M
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$1.35M
5
UBS Group
UBS Group
Switzerland
-$1.23M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$56.9M -$366K -30,056 -0.7%
Bank of America
2
Bank of America
North Carolina
$32M -$1.5M -122,732 -5%
RVPG
3
Relative Value Partners Group
$30.4M +$1.44M +118,261 +5%
PPA
4
Parametric Portfolio Associates
Washington
$28.7M +$489K +40,098 +2%
Wells Fargo
5
Wells Fargo
California
$28.2M +$4.38M +359,279 +19%
GC
6
Guggenheim Capital
Illinois
$18.4M -$2.82M -231,158 -13%
Stifel Financial
7
Stifel Financial
Missouri
$17.5M -$143K -11,766 -0.8%
Invesco
8
Invesco
Georgia
$16.9M +$962K +78,893 +6%
AAM
9
Advisors Asset Management
Colorado
$13.9M -$326K -26,733 -2%
1CP
10
1607 Capital Partners
Virginia
$11.7M -$25.6K -2,100 -0.2%
RJA
11
Raymond James & Associates
Florida
$5.62M +$140K +11,487 +3%
UBS Group
12
UBS Group
Switzerland
$5.42M -$1.23M -100,953 -19%
RJFSA
13
Raymond James Financial Services Advisors
Florida
$4.89M +$214K +17,565 +5%
AWA
14
Arete Wealth Advisors
Illinois
$4.08M +$123K +10,065 +3%
1832 Asset Management
15
1832 Asset Management
Ontario, Canada
$3.68M – – –
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$3.55M -$97K -7,953 -3%
Baird Financial Group
17
Baird Financial Group
Wisconsin
$3.25M +$14.2K +1,168 +0.4%
SCM
18
Saba Capital Management
New York
$2.92M – – –
EDRIA
19
Edmonds Duncan Registered Investment Advisors
Kansas
$2.7M +$2.63M +215,534 New
PCM
20
Pointe Capital Management
Michigan
$2.69M -$263K -21,591 -9%
6M
21
6 Meridian
Kansas
$1.92M +$30.4K +2,494 +2%
Millennium Management
22
Millennium Management
New York
$1.85M -$65K -5,330 -3%
SFS
23
Shaker Financial Services
Virginia
$1.66M -$164K -13,471 -9%
BBPWM
24
Blue Bell Private Wealth Management
Pennsylvania
$1.6M -$24.9K -2,041 -2%
LCM
25
Landscape Capital Management
New Jersey
$1.6M -$992K -81,389 -39%
1
2 3 4 5

NFJ Hedge Fund Activity: Q2 2019 in Review

101 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q2 2019, worth a combined $324M — down 6.3% from $346M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of NFJ and 13 opened new positions — a net loss of 2 holders — while 29 trimmed existing stakes and 31 added.

The largest buyer was Wells Fargo, adding an estimated $4.38M. The largest seller was Guggenheim Capital, cutting an estimated $2.82M.

  • 101 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q2 2019, down from 105 in Q1 2019.
  • Funds reported $324M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q2 2019, down 6.3% quarter-over-quarter.
  • 13 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q2 2019 and 15 closed out, a net change of -2 holders.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q2 2019 was Wells Fargo, an estimated $4.38M added.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q2 2019 was Guggenheim Capital, an estimated $2.82M sold.

Based on aggregated 13F filings for Q2 2019.