Virtus Equity & Convertible Income Fund
NIE
65 hedge funds and large institutions have $113M invested in Virtus Equity & Convertible Income Fund in 2020 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 20 increasing their positions, 20 reducing their positions, and 9 closing their positions.
33% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 9
2.25% more ownership
Funds ownership: 19.55% → 21.81% (+2.3%)
2% more funds holding
Funds holding: 64 → 65 (+1)
0% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 20
8% less capital invested
Capital invested by funds: $123M → $113M (-$10.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$11.3M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$2.02M |
| 3 |
Morgan Stanley
New York
|
+$1.15M |
| 4 |
ACM
Anfield Capital Management
Irvine,
California
|
+$1.03M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$509K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$721K |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$666K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$582K |
| 4 |
TC
Telemus Capital
Southfield,
Michigan
|
-$430K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$319K |
NIE Hedge Fund Activity: Q1 2020 in Review
65 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q1 2020, worth a combined $113M — down 8.4% from $123M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new NIE positions and 9 closed out — a net gain of 3 holders — while 20 added to existing stakes and 20 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $11.3M. The largest seller was Wells Fargo, cutting an estimated $721K.
- 65 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q1 2020, up from 64 in Q4 2019.
- Funds reported $113M of Virtus Equity & Convertible Income Fund stock for Q1 2020, down 8.4% quarter-over-quarter.
- 12 funds opened new Virtus Equity & Convertible Income Fund positions in Q1 2020 and 9 closed out, a net change of +3 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q1 2020 was Karpus Investment Management, an estimated $11.3M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q1 2020 was Wells Fargo, an estimated $721K sold.
Based on aggregated 13F filings for Q1 2020.