We are live on ! Find out more
NIE

Virtus Equity & Convertible Income Fund
NIE

74 hedge funds and large institutions have $141M invested in Virtus Equity & Convertible Income Fund in 2023 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 23 increasing their positions, 16 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 6

44% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 16

17% more capital invested

Capital invested by funds: $120M → $141M (+$20.7M)

9% more funds holding

Funds holding: 68 → 74 (+6)

1.74% more ownership

Funds ownership: 22.26% → 24% (+1.7%)

Holders
74
Holders Change
+6
Holders Change %
+8.82%
% of All Funds
1.16%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
23
Reduced
16
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AF
Allworth Financial
California
+$6.37M
2
GC
Guggenheim Capital
Illinois
+$1.14M
3
Bank of America
Bank of America
North Carolina
+$793K
4
Wells Fargo
Wells Fargo
California
+$716K
5
Walleye Capital
Walleye Capital
New York
+$426K

Top Sellers

Rank Fund Capital Flow
1
Allspring Global Investments
Allspring Global Investments
North Carolina
-$1.5M
2
AA
AQR Arbitrage
Connecticut
-$588K
3
First Trust Advisors
First Trust Advisors
Illinois
-$430K
4
CIA
Capital Investment Advisors
Georgia
-$312K
5
Invesco
Invesco
Georgia
-$310K
Name Holding Trade Value Shares
Change 		Change in
Stake
SC
26
Stolper & Co
Oklahoma
$646K -$14.8K -736 -2%
RIL
27
Rothschild Investment LLC
Illinois
$627K -$43.5K -2,170 -7%
Thrivent Financial for Lutherans
28
Thrivent Financial for Lutherans
Minnesota
$618K – – –
Stifel Financial
29
Stifel Financial
Missouri
$563K +$128K +6,404 +32%
SWM
30
Spire Wealth Management
Virginia
$456K -$40.1K -2,000 -8%
Walleye Capital
31
Walleye Capital
New York
$450K +$426K +21,253 New
CWM
32
Centurion Wealth Management
Virginia
$421K – – –
Truist Financial
33
Truist Financial
North Carolina
$420K – – –
JP Morgan Chase
34
JP Morgan Chase
New York
$414K +$349K +17,423 +809%
ASN
35
Advisory Services Network
Georgia
$397K +$9.82K +490 +3%
Baird Financial Group
36
Baird Financial Group
Wisconsin
$380K +$30.7K +1,530 +9%
CWM
37
Cornerstone Wealth Management
Missouri
$374K +$2.85K +142 +0.8%
SCA
38
SMH Capital Advisors
Texas
$362K -$2.02K -101 -0.6%
WS
39
Wedbush Securities
California
$352K +$140 +7 +0%
AWS
40
Atria Wealth Solutions
New York
$349K +$25.3K +1,261 +8%
IFWM
41
Institute for Wealth Management
Colorado
$336K – – –
HI
42
Harbour Investments
Wisconsin
$325K -$36.2K -1,804 -10%
Cetera Investment Advisers
43
Cetera Investment Advisers
Illinois
$322K +$5.65K +282 +2%
DADC
44
D.A. Davidson & Co
Montana
$315K +$299K +14,905 New
PIWA
45
Prevail Innovative Wealth Advisors
Kansas
$306K +$290K +14,445 New
WI
46
Wintrust Investments
Illinois
$297K +$282K +14,046 New
IAIM
47
International Assets Investment Management
Florida
$279K +$51.2K +2,555 +24%
DWP
48
Daymark Wealth Partners
Ohio
$264K +$250K +12,469 New
XF
49
XML Financial
Maryland
$246K -$20.5K -1,024 -8%
GAA
50
Global Assets Advisory
Florida
$233K – – –
1
2
3 4

NIE Hedge Fund Activity: Q2 2023 in Review

74 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q2 2023, worth a combined $141M — up 17% from $120M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new NIE positions and 6 closed out — a net gain of 6 holders — while 23 added to existing stakes and 16 trimmed.

The largest buyer was Allworth Financial, opening a new position worth an estimated $6.37M. The largest seller was Allspring Global Investments, cutting an estimated $1.5M.

  • 74 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q2 2023, up from 68 in Q1 2023.
  • Funds reported $141M of Virtus Equity & Convertible Income Fund stock for Q2 2023, up 17% quarter-over-quarter.
  • 12 funds opened new Virtus Equity & Convertible Income Fund positions in Q2 2023 and 6 closed out, a net change of +6 holders.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q2 2023 was Allworth Financial, an estimated $6.37M added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q2 2023 was Allspring Global Investments, an estimated $1.5M sold.

Based on aggregated 13F filings for Q2 2023.