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NIE

Virtus Equity & Convertible Income Fund
NIE

64 hedge funds and large institutions have $123M invested in Virtus Equity & Convertible Income Fund in 2019 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 18 increasing their positions, 19 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 2

8% more funds holding

Funds holding: 59 → 64 (+5)

8% more capital invested

Capital invested by funds: $114M → $123M (+$8.79M)

0.5% more ownership

Funds ownership: 19.06% → 19.55% (+0.5%)

5% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 19

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
64
Holders Change
+5
Holders Change %
+8.47%
% of All Funds
1.26%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
8
Increased
18
Reduced
19
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Cohen & Steers
Cohen & Steers
New York
+$4.09M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$2.29M
3
UBS Group
UBS Group
Switzerland
+$1.86M
4
Truist Financial
Truist Financial
North Carolina
+$642K
5
LCM
Landscape Capital Management
New Jersey
+$569K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$2.56M
2
Morgan Stanley
Morgan Stanley
New York
-$1.76M
3
GC
Guggenheim Capital
Illinois
-$1.55M
4
KIM
Karpus Investment Management
New York
-$1.52M
5
SFS
Shaker Financial Services
Virginia
-$777K
Name Holding Trade Value Shares
Change 		Change in
Stake
Baird Financial Group
26
Baird Financial Group
Wisconsin
$666K -$101K -4,572 -13%
Truist Financial
27
Truist Financial
North Carolina
$657K +$642K +29,000 New
BKA
28
Brick & Kyle Associates
Pennsylvania
$636K +$886 +40 +0.1%
SPIA
29
Steward Partners Investment Advisory
New York
$635K +$54.3K +2,450 +10%
LCM
30
Landscape Capital Management
New Jersey
$582K +$569K +25,687 New
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$516K +$78.6K +3,548 +18%
IFWM
32
Institute for Wealth Management
Colorado
$465K – – –
ASN
33
Advisory Services Network
Georgia
$275K +$8.79K +397 +3%
WS
34
Wedbush Securities
California
$271K +$50.1K +2,263 +23%
PNC Financial Services Group
35
PNC Financial Services Group
Pennsylvania
$265K -$23.8K -1,076 -8%
DC
36
Davenport & Co
Virginia
$261K – – –
CWM
37
Cornerstone Wealth Management
Missouri
$260K -$28K -1,262 -10%
LWAC
38
Laurel Wealth Advisors (California)
California
$237K -$5.21K -235 -2%
MA
39
MONECO Advisors
Connecticut
$221K -$10.2K -462 -5%
CAN
40
Claraphi Advisory Network
United States
$218K +$214K +9,640 New
GLLW
41
Graves Light Lenhart Wealth
Virginia
$214K – – –
Citigroup
42
Citigroup
New York
$198K +$44 +2 +0%
BAM
43
Belpointe Asset Management
Nevada
$177K +$22.2K +1,000 +15%
RIA
44
Realta Investment Advisors
Delaware
$90K – – –
PB
45
Pinnacle Bancorp
Nebraska
$60K – – –
NFG
46
Next Financial Group
Texas
$50K – – –
FIA
47
FNY Investment Advisers
New York
$50K +$49.6K +2,237 New
BFEC
48
Benjamin F. Edwards & Company
Missouri
$45K -$14.5K -656 -25%
GWM
49
Geneos Wealth Management
Colorado
$43K – – –
CWM
50
Cedar Wealth Management
California
$38K – – –
1
2
3

NIE Hedge Fund Activity: Q4 2019 in Review

64 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q4 2019, worth a combined $123M — up 7.7% from $114M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new NIE positions and 2 closed out — a net gain of 6 holders — while 18 added to existing stakes and 19 trimmed.

The largest buyer was Cohen & Steers, opening a new position worth an estimated $4.09M. The largest seller was Advisors Asset Management, cutting an estimated $2.56M.

  • 64 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q4 2019, up from 59 in Q3 2019.
  • Funds reported $123M of Virtus Equity & Convertible Income Fund stock for Q4 2019, up 7.7% quarter-over-quarter.
  • 8 funds opened new Virtus Equity & Convertible Income Fund positions in Q4 2019 and 2 closed out, a net change of +6 holders.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q4 2019 was Cohen & Steers, an estimated $4.09M added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q4 2019 was Advisors Asset Management, an estimated $2.56M sold.

Based on aggregated 13F filings for Q4 2019.