Virtus Equity & Convertible Income Fund
NIE
64 hedge funds and large institutions have $106M invested in Virtus Equity & Convertible Income Fund in 2018 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 19 increasing their positions, 16 reducing their positions, and 9 closing their positions.
111% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 9
19% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 16
19% more funds holding
Funds holding: 54 → 64 (+10)
2.59% more ownership
Funds ownership: 18.07% → 20.66% (+2.6%)
12% less capital invested
Capital invested by funds: $121M → $106M (-$14.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$7.55M |
| 2 |
Morgan Stanley
New York
|
+$4.25M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.14M |
| 4 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
+$930K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$832K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$4.22M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.94M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$588K |
| 4 |
CA
Cetera Advisors
Denver,
Colorado
|
-$577K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$275K |
NIE Hedge Fund Activity: Q4 2018 in Review
64 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q4 2018, worth a combined $106M — down 12% from $121M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new NIE positions and 9 closed out — a net gain of 10 holders — while 19 added to existing stakes and 16 trimmed.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $7.55M. The largest seller was Cornerstone Wealth Management, cutting an estimated $4.22M.
- 64 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q4 2018, up from 54 in Q3 2018.
- Funds reported $106M of Virtus Equity & Convertible Income Fund stock for Q4 2018, down 12% quarter-over-quarter.
- 19 funds opened new Virtus Equity & Convertible Income Fund positions in Q4 2018 and 9 closed out, a net change of +10 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q4 2018 was Karpus Investment Management, an estimated $7.55M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q4 2018 was Cornerstone Wealth Management, an estimated $4.22M sold.
Based on aggregated 13F filings for Q4 2018.