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NIE

Virtus Equity & Convertible Income Fund
NIE

65 hedge funds and large institutions have $141M invested in Virtus Equity & Convertible Income Fund in 2020 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 19 increasing their positions, 20 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more capital invested

Capital invested by funds: $113M → $141M (+$28.6M)

0.84% more ownership

Funds ownership: 21.81% → 22.64% (+0.84%)

0% more funds holding

Funds holding: 65 → 65 (0)

0% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 9

5% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 20

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
65
Holders Change
–
Holders Change %
0%
% of All Funds
1.33%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
9
Increased
19
Reduced
20
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$3.74M
2
Morgan Stanley
Morgan Stanley
New York
+$2.93M
3
Cohen & Steers
Cohen & Steers
New York
+$1.08M
4
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$696K
5
AA
AQR Arbitrage
Connecticut
+$423K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$3.12M
2
AAM
Advisors Asset Management
Colorado
-$1.33M
3
ACM
Anfield Capital Management
California
-$874K
4
PPA
Parametric Portfolio Associates
Washington
-$533K
5
UBS Group
UBS Group
Switzerland
-$321K
Name Holding Trade Value Shares
Change 		Change in
Stake
Truist Financial
26
Truist Financial
North Carolina
$608K -$8.4K -400 -1%
Ameriprise
27
Ameriprise
Minnesota
$597K -$53.8K -2,562 -9%
PNC Financial Services Group
28
PNC Financial Services Group
Pennsylvania
$518K -$21K -1,000 -4%
Bank of America
29
Bank of America
North Carolina
$464K -$36.6K -1,745 -8%
DWM
30
Dakota Wealth Management
Florida
$428K +$3.78K +180 +1%
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$425K -$15.4K -731 -4%
IFWM
32
Institute for Wealth Management
Colorado
$405K -$17.2K -818 -4%
CWM
33
Cornerstone Wealth Management
Missouri
$398K +$144K +6,834 +63%
ASN
34
Advisory Services Network
Georgia
$312K +$16K +763 +6%
WS
35
Wedbush Securities
California
$297K -$83.9K -3,996 -23%
DC
36
Davenport & Co
Virginia
$287K – – –
IAIM
37
International Assets Investment Management
Florida
$248K – – –
LCM
38
Landscape Capital Management
New Jersey
$248K +$231K +11,015 New
PPA
39
Parametric Portfolio Associates
Washington
$233K -$533K -25,370 -71%
CAN
40
Claraphi Advisory Network
United States
$219K +$714 +34 +0.4%
LWAC
41
Laurel Wealth Advisors (California)
California
$215K +$201K +9,557 New
GLLW
42
Graves Light Lenhart Wealth
Virginia
$212K +$198K +9,448 New
MA
43
MONECO Advisors
Connecticut
$210K +$196K +9,338 New
Citigroup
44
Citigroup
New York
$190K -$3.59K -171 -2%
BAM
45
Belpointe Asset Management
Nevada
$163K – – –
CCA
46
Column Capital Advisors
Indiana
$139K +$130K +6,200 New
CAN
47
Cetera Advisor Networks
California
$105K +$98.3K +4,683 New
MA
48
MUFG Americas
New York
$80K – – –
PB
49
Pinnacle Bancorp
Nebraska
$60K – – –
Fifth Third Bancorp
50
Fifth Third Bancorp
Ohio
$55K +$51.5K +2,450 New
1
2
3

NIE Hedge Fund Activity: Q2 2020 in Review

65 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q2 2020, worth a combined $141M — up 25% from $113M a quarter earlier.

Fund positioning in NIE was balanced in Q2 2020: 9 funds opened new positions, 9 closed out, 19 added to existing stakes and 20 trimmed.

The largest buyer was Wells Fargo, adding an estimated $3.74M. The largest seller was Guggenheim Capital, cutting an estimated $3.12M.

  • 65 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q2 2020, unchanged from Q1 2020.
  • Funds reported $141M of Virtus Equity & Convertible Income Fund stock for Q2 2020, up 25% quarter-over-quarter.
  • 9 funds opened new Virtus Equity & Convertible Income Fund positions in Q2 2020 and 9 closed out, a net change of 0 holders.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q2 2020 was Wells Fargo, an estimated $3.74M added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q2 2020 was Guggenheim Capital, an estimated $3.12M sold.

Based on aggregated 13F filings for Q2 2020.