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NIE

Virtus Equity & Convertible Income Fund
NIE

52 hedge funds and large institutions have $111M invested in Virtus Equity & Convertible Income Fund in 2017 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 18 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more capital invested

Capital invested by funds: $111M → $111M (+$293K)

0.9% less ownership

Funds ownership: 21.67% → 20.77% (-0.9%)

4% less funds holding

Funds holding: 54 → 52 (-2)

13% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 8

22% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 18

Holders
52
Holders Change
-2
Holders Change %
-3.7%
% of All Funds
1.29%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
14
Reduced
18
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$2.66M
2
BC
Brinker Capital
Pennsylvania
+$1.63M
3
GC
Guggenheim Capital
Illinois
+$1.05M
4
BTS
BB&T Securities
Virginia
+$412K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$366K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$3.91M
2
RCM
Rivernorth Capital Management
Florida
-$2.13M
3
Citigroup
Citigroup
New York
-$1.3M
4
KIM
Karpus Investment Management
New York
-$1.17M
5
RJA
Raymond James & Associates
Florida
-$1.12M
Name Holding Trade Value Shares
Change 		Change in
Stake
CA
26
Cetera Advisors
Colorado
$398K +$32.7K +1,700 +9%
PCM
27
Pointe Capital Management
Michigan
$291K +$289K +15,061 New
Ameriprise
28
Ameriprise
Minnesota
$281K +$280K +14,561 New
Citigroup
29
Citigroup
New York
$259K -$1.3M -67,581 -83%
SKK
30
Shepherd Kaplan Krochuk
Massachusetts
$243K – – –
TPW
31
Tiller Private Wealth
Pennsylvania
$239K -$11K -575 -4%
UCFA
32
United Capital Financial Advisors
Texas
$233K -$72.7K -3,782 -24%
NPC
33
National Planning Corporation
California
$232K +$33.6K +1,750 +17%
AG
34
Advisor Group
Arizona
$228K -$826 -43 -0.4%
Millennium Management
35
Millennium Management
New York
$223K +$222K +11,551 New
BFEC
36
Benjamin F. Edwards & Company
Missouri
$154K +$6.96K +362 +5%
LTFS
37
Ladenburg Thalmann Financial Services
Florida
$109K -$22.2K -1,158 -17%
IA
38
IFP Advisors
Florida
$66K +$40.2K +2,095 +156%
DADC
39
D.A. Davidson & Co
Montana
$48K – – –
GWM
40
Geneos Wealth Management
Colorado
$48K – – –
TJHA
41
Thomas J. Herzfeld Advisors
Florida
$39K – – –
CWM
42
Cedar Wealth Management
California
$33K – – –
EWM
43
Edge Wealth Management
New York
$20K – – –
Bank of Montreal
44
Bank of Montreal
Ontario, Canada
$15K – – –
US Bancorp
45
US Bancorp
Minnesota
$9K +$8.74K +455 New
AF
46
Allworth Financial
California
$4K – – –
FANJ
47
Financial Architects (New Jersey)
New Jersey
$4K – – –
Creative Planning
48
Creative Planning
Kansas
$2K -$44.8K -2,332 -95%
WCM
49
Wealthcare Capital Management
Virginia
$2K – – –
SEI Investments
50
SEI Investments
Pennsylvania
$2K +$730 +38 +50%
1
2
3

NIE Hedge Fund Activity: Q1 2017 in Review

52 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q1 2017, worth a combined $111M — up 0.26% from $111M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of NIE and 7 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 14 added.

The largest buyer was Wells Fargo, adding an estimated $2.66M. The largest seller was Advisors Asset Management, cutting an estimated $3.91M.

  • 52 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q1 2017, down from 54 in Q4 2016.
  • Funds reported $111M of Virtus Equity & Convertible Income Fund stock for Q1 2017, up 0.26% quarter-over-quarter.
  • 7 funds opened new Virtus Equity & Convertible Income Fund positions in Q1 2017 and 8 closed out, a net change of -1 holder.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q1 2017 was Wells Fargo, an estimated $2.66M added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q1 2017 was Advisors Asset Management, an estimated $3.91M sold.

Based on aggregated 13F filings for Q1 2017.