Virtus Dividend, Interest & Premium Strategy Fund
130 hedge funds and large institutions have $497M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2024 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 49 increasing their positions, 37 reducing their positions, and 16 closing their positions.
32% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 37
6% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 16
0% more funds holding
Funds holding: 130 → 130 (0)
0.64% less ownership
Funds ownership: 43.32% → 42.68% (-0.64%)
5% less capital invested
Capital invested by funds: $524M → $497M (-$27M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$24.2M |
| 2 |
Morgan Stanley
New York
|
+$2.77M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.82M |
| 4 |
MWM
Modern Wealth Management
Lenexa,
Kansas
|
+$1.4M |
| 5 |
CL
Choreo LLC
Rockford,
Illinois
|
+$860K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
-$18.1M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$5.58M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$4.18M |
| 4 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$3.81M |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$2.41M |
NFJ Hedge Fund Activity: Q2 2024 in Review
130 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q2 2024, worth a combined $497M — down 5.2% from $524M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new NFJ positions and 16 closed out — a net gain of 1 holder — while 49 added to existing stakes and 37 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $24.2M. The largest seller was Relative Value Partners Group, exiting entirely with an estimated $18.1M sold.
- 130 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q2 2024, unchanged from Q1 2024.
- Funds reported $497M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q2 2024, down 5.2% quarter-over-quarter.
- 17 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q2 2024 and 16 closed out, a net change of +1 holder.
- The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q2 2024 was Saba Capital Management, an estimated $24.2M added.
- The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q2 2024 was Relative Value Partners Group, an estimated $18.1M sold.
Based on aggregated 13F filings for Q2 2024.