Virtus Equity & Convertible Income Fund
NIE
54 hedge funds and large institutions have $111M invested in Virtus Equity & Convertible Income Fund in 2016 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 20 reducing their positions, and 8 closing their positions.
3% more capital invested
Capital invested by funds: $108M → $111M (+$3.01M)
0.99% more ownership
Funds ownership: 20.69% → 21.67% (+0.99%)
0% more funds holding
Funds holding: 54 → 54 (0)
0% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 8
35% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.16M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.71M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.42M |
| 4 |
Citigroup
New York
|
+$1.05M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$951K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.82M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.6M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$619K |
| 4 |
OC
Oppenheimer & Co
New York
|
-$552K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$465K |
NIE Hedge Fund Activity: Q4 2016 in Review
54 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q4 2016, worth a combined $111M — up 2.8% from $108M a quarter earlier.
Fund positioning in NIE was balanced in Q4 2016: 8 funds opened new positions, 8 closed out, 13 added to existing stakes and 20 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $5.16M. The largest seller was Advisors Asset Management, cutting an estimated $2.82M.
- 54 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q4 2016, unchanged from Q3 2016.
- Funds reported $111M of Virtus Equity & Convertible Income Fund stock for Q4 2016, up 2.8% quarter-over-quarter.
- 8 funds opened new Virtus Equity & Convertible Income Fund positions in Q4 2016 and 8 closed out, a net change of 0 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q4 2016 was Morgan Stanley, an estimated $5.16M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q4 2016 was Advisors Asset Management, an estimated $2.82M sold.
Based on aggregated 13F filings for Q4 2016.