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NIE

Virtus Equity & Convertible Income Fund
NIE

54 hedge funds and large institutions have $108M invested in Virtus Equity & Convertible Income Fund in 2016 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 12 increasing their positions, 17 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 8

0% more funds holding

Funds holding: 54 → 54 (0)

0% less capital invested

Capital invested by funds: $108M → $108M (-$317K)

0.5% less ownership

Funds ownership: 21.19% → 20.69% (-0.5%)

29% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 17

Holders
54
Holders Change
–
Holders Change %
0%
% of All Funds
1.44%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
12
Reduced
17
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$1.21M
2
Morgan Stanley
Morgan Stanley
New York
+$823K
3
OC
Oppenheimer & Co
New York
+$689K
4
TC
Telemus Capital
Michigan
+$347K
5
CRC
Curi RMB Capital
Illinois
+$319K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$3.26M
2
AAM
Advisors Asset Management
Colorado
-$836K
3
1CP
1607 Capital Partners
Virginia
-$773K
4
RVPG
Relative Value Partners Group
-$585K
5
Baird Financial Group
Baird Financial Group
Wisconsin
-$455K
Name Holding Trade Value Shares
Change 		Change in
Stake
SKK
26
Shepherd Kaplan Krochuk
Massachusetts
$317K – – –
CRC
27
Curi RMB Capital
Illinois
$315K +$319K +16,842 New
UCFA
28
United Capital Financial Advisors
Texas
$305K -$17.1K -900 -5%
PCM
29
Pointe Capital Management
Michigan
$304K – – –
TPW
30
Tiller Private Wealth
Pennsylvania
$242K +$835 +44 +0.3%
PFS
31
Prospera Financial Services
Texas
$225K +$228K +12,024 New
CAN
32
Cetera Advisor Networks
California
$220K +$223K +11,752 New
LTFS
33
Ladenburg Thalmann Financial Services
Florida
$172K -$24.5K -1,293 -12%
AG
34
Advisor Group
Arizona
$166K +$19K +1,000 +13%
BFEC
35
Benjamin F. Edwards & Company
Missouri
$132K – – –
Envestnet Asset Management
36
Envestnet Asset Management
Illinois
$47K -$1.46K -77 -3%
GWM
37
Geneos Wealth Management
Colorado
$47K – – –
S
38
SignatureFD
Georgia
$37K – – –
TJHA
39
Thomas J. Herzfeld Advisors
Florida
$37K – – –
JFA
40
JNBA Financial Advisors
Minnesota
$37K +$37.9K +2,000 New
CA
41
CapWealth Advisors
Tennessee
$34K +$34.1K +1,800 New
CWM
42
Cedar Wealth Management
California
$32K – – –
BBPWM
43
Blue Bell Private Wealth Management
Pennsylvania
$27K -$8.06K -425 -23%
IA
44
IFP Advisors
Florida
$25K – – –
TC
45
Trust Company
Kansas
$21K +$20.9K +1,104 New
EWM
46
Edge Wealth Management
New York
$20K – – –
MFS
47
MSI Financial Services
Massachusetts
$18K +$6.79K +358 +61%
Bank of Montreal
48
Bank of Montreal
Ontario, Canada
$14K – – –
FANJ
49
Financial Architects (New Jersey)
New Jersey
$4K – – –
WCM
50
Wealthcare Capital Management
Virginia
$2K – – –
1
2
3

NIE Hedge Fund Activity: Q3 2016 in Review

54 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q3 2016, worth a combined $108M — down 0.29% from $108M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new NIE positions and 8 closed out — a net gain of 1 holder — while 12 added to existing stakes and 17 trimmed.

The largest buyer was Wells Fargo, adding an estimated $1.21M. The largest seller was Karpus Investment Management, cutting an estimated $3.26M.

  • 54 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q3 2016, unchanged from Q2 2016.
  • Funds reported $108M of Virtus Equity & Convertible Income Fund stock for Q3 2016, down 0.29% quarter-over-quarter.
  • 9 funds opened new Virtus Equity & Convertible Income Fund positions in Q3 2016 and 8 closed out, a net change of +1 holder.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q3 2016 was Wells Fargo, an estimated $1.21M added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q3 2016 was Karpus Investment Management, an estimated $3.26M sold.

Based on aggregated 13F filings for Q3 2016.