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NIE

Virtus Equity & Convertible Income Fund

71 hedge funds and large institutions have $143M invested in Virtus Equity & Convertible Income Fund in 2023 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 26 increasing their positions, 20 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

30% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 20

1.95% more ownership

Funds ownership: 24%25.95% (+2%)

2% more capital invested

Capital invested by funds: $141M → $143M (+$2.37M)

4% less funds holding

Funds holding: 7471 (-3)

38% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 8

Holders
71
Holders Change
-3
Holders Change %
-4.05%
% of All Funds
1.13%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
5
Increased
26
Reduced
20
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
CIA
26
Capital Investment Advisors
Georgia
$899K +$948K +45,200 New
KFGK
27
Keystone Financial Group (Kentucky)
Kentucky
$880K +$1.61K +77 +0.2%
SPIA
28
Steward Partners Investment Advisory
New York
$684K +$72.8K +3,474 +11%
SC
29
Stolper & Co
Oklahoma
$604K -$3.61K -172 -0.6%
RIL
30
Rothschild Investment LLC
Illinois
$590K
Stifel Financial
31
Stifel Financial
Missouri
$532K +$3.08K +147 +0.6%
Thrivent Financial for Lutherans
32
Thrivent Financial for Lutherans
Minnesota
$460K -$127K -6,070 -21%
SWM
33
Spire Wealth Management
Virginia
$429K
Baird Financial Group
34
Baird Financial Group
Wisconsin
$421K +$67.1K +3,200 +18%
CWM
35
Centurion Wealth Management
Virginia
$396K
Truist Financial
36
Truist Financial
North Carolina
$395K
DADC
37
D.A. Davidson & Co
Montana
$383K +$91.7K +4,375 +29%
CWM
38
Cornerstone Wealth Management
Missouri
$365K +$14K +670 +4%
ASN
39
Advisory Services Network
Georgia
$343K -$31.8K -1,516 -8%
AWS
40
Atria Wealth Solutions
New York
$342K +$14.4K +688 +4%
WS
41
Wedbush Securities
California
$331K +$168 +8 +0%
Cetera Investment Advisers
42
Cetera Investment Advisers
Illinois
$317K +$14.1K +673 +4%
IFWM
43
Institute for Wealth Management
Colorado
$312K -$4.53K -216 -1%
HI
44
Harbour Investments
Wisconsin
$307K +$1.36K +65 +0.4%
Walleye Capital
45
Walleye Capital
New York
$307K -$122K -5,831 -27%
JP Morgan Chase
46
JP Morgan Chase
New York
$307K -$87.2K -4,162 -21%
WI
47
Wintrust Investments
Illinois
$280K +$440 +21 +0.1%
SCA
48
SMH Capital Advisors
Texas
$267K -$77.3K -3,689 -22%
DWP
49
Daymark Wealth Partners
Ohio
$266K +$18.7K +892 +7%
IAIM
50
International Assets Investment Management
Florida
$262K

NIE Hedge Fund Activity: Q3 2023 in Review

71 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q3 2023, worth a combined $143M — up 1.7% from $141M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of NIE and 5 opened new positions — a net loss of 3 holders — while 20 trimmed existing stakes and 26 added.

The largest buyer was Wealth Enhancement Advisory Services, opening a new position worth an estimated $7.53M. The largest seller was Wells Fargo, cutting an estimated $872K.

  • 71 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q3 2023, down from 74 in Q2 2023.
  • Funds reported $143M of Virtus Equity & Convertible Income Fund stock for Q3 2023, up 1.7% quarter-over-quarter.
  • 5 funds opened new Virtus Equity & Convertible Income Fund positions in Q3 2023 and 8 closed out, a net change of -3 holders.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q3 2023 was Wealth Enhancement Advisory Services, an estimated $7.53M added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q3 2023 was Wells Fargo, an estimated $872K sold.

Based on aggregated 13F filings for Q3 2023.