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NIE

Virtus Equity & Convertible Income Fund
NIE

72 hedge funds and large institutions have $118M invested in Virtus Equity & Convertible Income Fund in 2022 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 22 increasing their positions, 22 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

30% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 10

0% more funds holding

Funds holding: 72 → 72 (0)

0% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 22

0.3% less ownership

Funds ownership: 23.69% → 23.38% (-0.3%)

11% less capital invested

Capital invested by funds: $133M → $118M (-$15.2M)

Holders
72
Holders Change
–
Holders Change %
0%
% of All Funds
1.16%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
22
Reduced
22
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$3.08M
2
GC
Guggenheim Capital
Illinois
+$1.66M
3
Ameriprise
Ameriprise
Minnesota
+$628K
4
KIM
Karpus Investment Management
New York
+$481K
5
BRWA
B. Riley Wealth Advisors
Florida
+$428K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$3.91M
2
SFS
Shaker Financial Services
Virginia
-$2.02M
3
Wells Fargo
Wells Fargo
California
-$1.47M
4
AAM
Advisors Asset Management
Colorado
-$1.21M
5
PFS
Prospera Financial Services
Texas
-$669K
Name Holding Trade Value Shares
Change 		Change in
Stake
First Trust Advisors
26
First Trust Advisors
Illinois
$780K -$16.8K -812 -2%
SPIA
27
Steward Partners Investment Advisory
New York
$734K +$17.6K +847 +2%
RIL
28
Rothschild Investment LLC
Illinois
$562K -$20.7K -1,000 -3%
SC
29
Stolper & Co
Oklahoma
$525K -$22.4K -1,078 -4%
Thrivent Financial for Lutherans
30
Thrivent Financial for Lutherans
Minnesota
$483K +$3.63K +175 +0.7%
AWS
31
Atria Wealth Solutions
New York
$384K +$394K +19,010 New
Truist Financial
32
Truist Financial
North Carolina
$379K -$52.2K -2,515 -11%
Stifel Financial
33
Stifel Financial
Missouri
$375K +$86.3K +4,157 +25%
CWM
34
Centurion Wealth Management
Virginia
$363K +$413K +19,905 New
SCA
35
SMH Capital Advisors
Texas
$343K -$26K -1,251 -6%
XF
36
XML Financial
Maryland
$323K -$66.5K -3,207 -15%
LCM
37
Landscape Capital Management
New Jersey
$306K +$111K +5,336 +47%
ASN
38
Advisory Services Network
Georgia
$303K +$2.97K +143 +0.9%
WS
39
Wedbush Securities
California
$303K +$3.17K +153 +0.9%
HI
40
Harbour Investments
Wisconsin
$300K +$309K +14,903 +957%
IFWM
41
Institute for Wealth Management
Colorado
$292K -$12.3K -595 -4%
Baird Financial Group
42
Baird Financial Group
Wisconsin
$278K +$316K +15,250 New
LSC
43
Logan Stone Capital
Illinois
$268K +$305K +14,706 New
SCM
44
Saba Capital Management
New York
$263K +$300K +14,454 New
VF
45
Virtu Financial
New York
$252K +$287K +13,820 New
IAIM
46
International Assets Investment Management
Florida
$209K +$238K +11,473 New
GAA
47
Global Assets Advisory
Florida
$201K – – –
Janney Montgomery Scott
48
Janney Montgomery Scott
Pennsylvania
$198K +$225K +10,868 New
PNC Financial Services Group
49
PNC Financial Services Group
Pennsylvania
$189K – – –
DC
50
Davenport & Co
Virginia
$186K -$36.2K -1,747 -15%
1
2
3 4

NIE Hedge Fund Activity: Q4 2022 in Review

72 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q4 2022, worth a combined $118M — down 11% from $133M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new NIE positions and 10 closed out — a net gain of 3 holders — while 22 added to existing stakes and 22 trimmed.

The largest buyer was Bank of America, adding an estimated $3.08M. The largest seller was Morgan Stanley, cutting an estimated $3.91M.

  • 72 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q4 2022, unchanged from Q3 2022.
  • Funds reported $118M of Virtus Equity & Convertible Income Fund stock for Q4 2022, down 11% quarter-over-quarter.
  • 13 funds opened new Virtus Equity & Convertible Income Fund positions in Q4 2022 and 10 closed out, a net change of +3 holders.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q4 2022 was Bank of America, an estimated $3.08M added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q4 2022 was Morgan Stanley, an estimated $3.91M sold.

Based on aggregated 13F filings for Q4 2022.