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NIE

Virtus Equity & Convertible Income Fund
NIE

54 hedge funds and large institutions have $121M invested in Virtus Equity & Convertible Income Fund in 2018 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 19 increasing their positions, 15 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

27% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 15

2% less capital invested

Capital invested by funds: $123M → $121M (-$2.88M)

1.07% less ownership

Funds ownership: 19.14% → 18.07% (-1.1%)

4% less funds holding

Funds holding: 56 → 54 (-2)

17% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 6

Holders
54
Holders Change
-2
Holders Change %
-3.57%
% of All Funds
1.23%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
19
Reduced
15
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$1.75M
2
AAM
Advisors Asset Management
Colorado
+$693K
3
LTFS
Ladenburg Thalmann Financial Services
Florida
+$390K
4
Invesco
Invesco
Georgia
+$319K
5
AG
Advisor Group
Arizona
+$299K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$4.77M
2
UBS Group
UBS Group
Switzerland
-$2.03M
3
Bank of America
Bank of America
North Carolina
-$1.22M
4
PPA
Parametric Portfolio Associates
Washington
-$1.16M
5
CWM
Cornerstone Wealth Management
Missouri
-$440K
Name Holding Trade Value Shares
Change 		Change in
Stake
BFEC
26
Benjamin F. Edwards & Company
Missouri
$422K -$3.12K -135 -0.7%
HFS
27
HL Financial Services
Kentucky
$347K +$73.2K +3,163 +26%
SPIA
28
Steward Partners Investment Advisory
New York
$328K +$58.4K +2,525 +21%
LWAC
29
Laurel Wealth Advisors (California)
California
$303K +$18.5K +798 +6%
UWM
30
USAdvisors Wealth Management
Minnesota
$289K – – –
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$272K -$11.2K -485 -4%
PCM
32
Pointe Capital Management
Michigan
$260K +$579 +25 +0.2%
Citigroup
33
Citigroup
New York
$242K +$43.2K +1,866 +22%
Janney Montgomery Scott
34
Janney Montgomery Scott
Pennsylvania
$226K -$10.4K -449 -4%
MA
35
Mutual Advisors
Nebraska
$210K – – –
Millennium Management
36
Millennium Management
New York
$210K +$212K +9,167 New
PNC Financial Services Group
37
PNC Financial Services Group
Pennsylvania
$163K -$11.6K -500 -7%
ASN
38
Advisory Services Network
Georgia
$158K +$1.04K +45 +0.7%
IA
39
IFP Advisors
Florida
$65K – – –
GWM
40
Geneos Wealth Management
Colorado
$57K – – –
CWM
41
Cedar Wealth Management
California
$39K – – –
QCIG
42
Quad-Cities Investment Group
Iowa
$37K – – –
WAP
43
Wealthcare Advisory Partners
Pennsylvania
$29K +$11.5K +495 +64%
WAS
44
WESPAC Advisors SoCal
California
$29K +$29.4K +1,271 New
HNB
45
Huntington National Bank
Ohio
$28K – – –
AWM
46
Aevitas Wealth Management
Massachusetts
$25K – – –
EWM
47
Edge Wealth Management
New York
$24K – – –
SWM
48
SeaCrest Wealth Management
New York
$18K – – –
TPWA
49
TRUE Private Wealth Advisors
Oregon
$15.6K +$15.7K +679 New
KF
50
Krilogy Financial
Missouri
$7K +$6.94K +300 New
1
2
3

NIE Hedge Fund Activity: Q3 2018 in Review

54 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q3 2018, worth a combined $121M — down 2.3% from $123M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of NIE and 5 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 19 added.

The largest buyer was Guggenheim Capital, adding an estimated $1.75M. The largest seller was Morgan Stanley, cutting an estimated $4.77M.

  • 54 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q3 2018, down from 56 in Q2 2018.
  • Funds reported $121M of Virtus Equity & Convertible Income Fund stock for Q3 2018, down 2.3% quarter-over-quarter.
  • 5 funds opened new Virtus Equity & Convertible Income Fund positions in Q3 2018 and 6 closed out, a net change of -1 holder.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q3 2018 was Guggenheim Capital, an estimated $1.75M added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q3 2018 was Morgan Stanley, an estimated $4.77M sold.

Based on aggregated 13F filings for Q3 2018.