Virtus Equity & Convertible Income Fund
NIE
62 hedge funds and large institutions have $117M invested in Virtus Equity & Convertible Income Fund in 2019 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 20 increasing their positions, 16 reducing their positions, and 5 closing their positions.
160% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 5
25% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 16
11% more funds holding
Funds holding: 56 → 62 (+6)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.36% less ownership
Funds ownership: 19.84% → 19.48% (-0.36%)
1% less capital invested
Capital invested by funds: $118M → $117M (-$1.48M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$1.23M |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$665K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$409K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$299K |
| 5 |
Millennium Management
New York
|
+$212K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.8M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.25M |
| 3 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
-$321K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$308K |
| 5 |
PAS
Partnervest Advisory Services
Santa Barbara,
California
|
-$215K |
NIE Hedge Fund Activity: Q2 2019 in Review
62 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q2 2019, worth a combined $117M — down 1.3% from $118M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new NIE positions and 5 closed out — a net gain of 8 holders — while 20 added to existing stakes and 16 trimmed.
The largest buyer was Wells Fargo, adding an estimated $1.23M. The largest seller was Guggenheim Capital, cutting an estimated $2.8M.
- 62 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q2 2019, up from 56 in Q1 2019.
- Funds reported $117M of Virtus Equity & Convertible Income Fund stock for Q2 2019, down 1.3% quarter-over-quarter.
- 13 funds opened new Virtus Equity & Convertible Income Fund positions in Q2 2019 and 5 closed out, a net change of +8 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q2 2019 was Wells Fargo, an estimated $1.23M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q2 2019 was Guggenheim Capital, an estimated $2.8M sold.
Based on aggregated 13F filings for Q2 2019.