Virtus Equity & Convertible Income Fund
NIE
62 hedge funds and large institutions have $110M invested in Virtus Equity & Convertible Income Fund in 2017 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 18 increasing their positions, 15 reducing their positions, and 5 closing their positions.
240% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 5
24% more funds holding
Funds holding: 50 → 62 (+12)
20% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 15
5% more capital invested
Capital invested by funds: $104M → $110M (+$5.59M)
0.45% more ownership
Funds ownership: 18.14% → 18.59% (+0.45%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$3.1M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.16M |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$1.19M |
| 4 |
AG
Advisor Group
Phoenix,
Arizona
|
+$977K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$969K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$2.95M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.83M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.52M |
| 4 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$1.46M |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$873K |
NIE Hedge Fund Activity: Q4 2017 in Review
62 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q4 2017, worth a combined $110M — up 5.4% from $104M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new NIE positions and 5 closed out — a net gain of 12 holders — while 18 added to existing stakes and 15 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $3.1M. The largest seller was Wells Fargo, cutting an estimated $2.95M.
- 62 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q4 2017, up from 50 in Q3 2017.
- Funds reported $110M of Virtus Equity & Convertible Income Fund stock for Q4 2017, up 5.4% quarter-over-quarter.
- 17 funds opened new Virtus Equity & Convertible Income Fund positions in Q4 2017 and 5 closed out, a net change of +12 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q4 2017 was Advisors Asset Management, an estimated $3.1M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q4 2017 was Wells Fargo, an estimated $2.95M sold.
Based on aggregated 13F filings for Q4 2017.