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NFJ

Virtus Dividend, Interest & Premium Strategy Fund
NFJ

106 hedge funds and large institutions have $316M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2020 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 34 increasing their positions, 39 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more capital invested

Capital invested by funds: $271M → $316M (+$45M)

0.08% more ownership

Funds ownership: 29.72% → 29.8% (+0.08%)

5% less funds holding

Funds holding: 112 → 106 (-6)

13% less repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 39

38% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 16

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
106
Holders Change
-6
Holders Change %
-5.36%
% of All Funds
2.17%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
10
Increased
34
Reduced
39
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$6.96M
2
Wells Fargo
Wells Fargo
California
+$3.76M
3
SIA
Sit Investment Associates
Minnesota
+$2.7M
4
AAM
Advisors Asset Management
Colorado
+$1.84M
5
PPA
Parametric Portfolio Associates
Washington
+$1.19M

Top Sellers

1
RCM
Rivernorth Capital Management
Florida
-$6.14M
2
GC
Guggenheim Capital
Illinois
-$2.4M
3
RVPG
Relative Value Partners Group
-$2.21M
4
KIM
Karpus Investment Management
New York
-$1.81M
5
SFS
Shaker Financial Services
Virginia
-$1.53M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$56.3M +$6.96M +648,718 +15%
PPA
2
Parametric Portfolio Associates
Washington
$27.8M +$1.19M +110,903 +5%
RVPG
3
Relative Value Partners Group
$26.6M -$2.21M -206,140 -8%
Wells Fargo
4
Wells Fargo
California
$25.5M +$3.76M +350,404 +18%
Bank of America
5
Bank of America
North Carolina
$25.5M -$780K -72,777 -3%
Invesco
6
Invesco
Georgia
$17.7M +$616K +57,406 +4%
AAM
7
Advisors Asset Management
Colorado
$16.1M +$1.84M +171,461 +14%
Stifel Financial
8
Stifel Financial
Missouri
$15M +$2.26K +211 +0%
GC
9
Guggenheim Capital
Illinois
$13.5M -$2.4M -224,212 -16%
1CP
10
1607 Capital Partners
Virginia
$12.8M +$466K +43,486 +4%
RCM
11
Rivernorth Capital Management
Florida
$8.76M -$6.14M -572,702 -42%
RJFSA
12
Raymond James Financial Services Advisors
Florida
$6.64M +$518K +48,299 +9%
RJA
13
Raymond James & Associates
Florida
$5.85M -$483K -45,069 -8%
UBS Group
14
UBS Group
Switzerland
$5.45M +$326K +30,413 +7%
SIA
15
Sit Investment Associates
Minnesota
$4.88M +$2.7M +252,070 +137%
AWA
16
Arete Wealth Advisors
Illinois
$4.23M +$201K +18,709 +5%
1832 Asset Management
17
1832 Asset Management
Ontario, Canada
$3.33M – – –
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$3.24M +$288K +26,855 +10%
EDRIA
19
Edmonds Duncan Registered Investment Advisors
Kansas
$2.71M +$80.3K +7,490 +3%
SCM
20
Saba Capital Management
New York
$2.5M -$132K -12,321 -5%
Baird Financial Group
21
Baird Financial Group
Wisconsin
$2.18M -$153K -14,243 -7%
Thrivent Financial for Lutherans
22
Thrivent Financial for Lutherans
Minnesota
$2M +$1.01M +94,304 +111%
PCM
23
Pointe Capital Management
Michigan
$1.79M -$194K -18,048 -10%
LPL Financial
24
LPL Financial
California
$1.73M -$7.07K -659 -0.4%
IWA
25
IBEX Wealth Advisors
New Jersey
$1.36M -$36.1K -3,370 -3%
1
2 3 4 5

NFJ Hedge Fund Activity: Q2 2020 in Review

106 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q2 2020, worth a combined $316M — up 17% from $271M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of NFJ and 10 opened new positions — a net loss of 6 holders — while 39 trimmed existing stakes and 34 added.

The largest buyer was Morgan Stanley, adding an estimated $6.96M. The largest seller was Rivernorth Capital Management, cutting an estimated $6.14M.

  • 106 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q2 2020, down from 112 in Q1 2020.
  • Funds reported $316M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q2 2020, up 17% quarter-over-quarter.
  • 10 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q2 2020 and 16 closed out, a net change of -6 holders.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q2 2020 was Morgan Stanley, an estimated $6.96M added.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q2 2020 was Rivernorth Capital Management, an estimated $6.14M sold.

Based on aggregated 13F filings for Q2 2020.