Virtus Equity & Convertible Income Fund
NIE
62 hedge funds and large institutions have $109M invested in Virtus Equity & Convertible Income Fund in 2018 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 20 increasing their positions, 16 reducing their positions, and 8 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 16
0.29% more ownership
Funds ownership: 18.59% → 18.88% (+0.29%)
0% more funds holding
Funds holding: 62 → 62 (0)
0% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 8
1% less capital invested
Capital invested by funds: $110M → $109M (-$726K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$2.48M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.15M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.15M |
| 4 |
MA
Mutual Advisors
Omaha,
Nebraska
|
+$776K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$672K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.99M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.21M |
| 3 |
SEI Investments
Oaks,
Pennsylvania
|
-$1.26M |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$792K |
| 5 |
CA
Cetera Advisors
Denver,
Colorado
|
-$551K |
NIE Hedge Fund Activity: Q1 2018 in Review
62 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q1 2018, worth a combined $109M — down 0.66% from $110M a quarter earlier.
Fund positioning in NIE was balanced in Q1 2018: 8 funds opened new positions, 8 closed out, 20 added to existing stakes and 16 trimmed.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $2.48M. The largest seller was Morgan Stanley, cutting an estimated $2.99M.
- 62 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q1 2018, unchanged from Q4 2017.
- Funds reported $109M of Virtus Equity & Convertible Income Fund stock for Q1 2018, down 0.66% quarter-over-quarter.
- 8 funds opened new Virtus Equity & Convertible Income Fund positions in Q1 2018 and 8 closed out, a net change of 0 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q1 2018 was Wolverine Asset Management, an estimated $2.48M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q1 2018 was Morgan Stanley, an estimated $2.99M sold.
Based on aggregated 13F filings for Q1 2018.