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NIE

Virtus Equity & Convertible Income Fund
NIE

82 hedge funds and large institutions have $160M invested in Virtus Equity & Convertible Income Fund in 2024 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 33 increasing their positions, 23 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

120% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 5

43% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 23

5% more funds holding

Funds holding: 78 → 82 (+4)

1.05% more ownership

Funds ownership: 25.1% → 26.15% (+1%)

1% less capital invested

Capital invested by funds: $161M → $160M (-$1.32M)

Holders
82
Holders Change
+4
Holders Change %
+5.13%
% of All Funds
1.18%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
33
Reduced
23
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
IAIM
International Assets Investment Management
Florida
+$6.29M
2
WAM
Wolverine Asset Management
Illinois
+$1.67M
3
KFGK
Keystone Financial Group (Kentucky)
Kentucky
+$909K
4
LCM
Landscape Capital Management
New Jersey
+$822K
5
AAM
Advisors Asset Management
Colorado
+$550K

Top Sellers

Rank Fund Capital Flow
1
AF
Allworth Financial
California
-$2.62M
2
Bank of America
Bank of America
North Carolina
-$1.06M
3
Wells Fargo
Wells Fargo
California
-$929K
4
Ameriprise
Ameriprise
Minnesota
-$871K
5
GC
Guggenheim Capital
Illinois
-$858K
Name Holding Trade Value Shares
Change 		Change in
Stake
Thrivent Financial for Lutherans
26
Thrivent Financial for Lutherans
Minnesota
$1.04M +$204K +9,027 +25%
Commonwealth Equity Services
27
Commonwealth Equity Services
Massachusetts
$960K +$201K +8,895 +27%
KFGK
28
Keystone Financial Group (Kentucky)
Kentucky
$924K +$909K +40,135 New
Cetera Investment Advisers
29
Cetera Investment Advisers
Illinois
$788K +$17K +752 +2%
Ameriprise
30
Ameriprise
Minnesota
$774K -$871K -38,450 -53%
HWAM
31
Hennion & Walsh Asset Management
New Jersey
$771K +$31.5K +1,393 +4%
SPIA
32
Steward Partners Investment Advisory
New York
$731K -$60.3K -2,663 -8%
SC
33
Stolper & Co
Oklahoma
$711K +$9.89K +437 +1%
CA
34
Cornerstone Advisors
North Carolina
$705K +$230K +10,157 +50%
RIL
35
Rothschild Investment LLC
Illinois
$695K +$12.7K +562 +2%
Baird Financial Group
36
Baird Financial Group
Wisconsin
$596K +$4.51K +199 +0.8%
DADC
37
D.A. Davidson & Co
Montana
$550K +$62.5K +2,761 +13%
Stifel Financial
38
Stifel Financial
Missouri
$550K -$32.6K -1,441 -6%
BKA
39
Brick & Kyle Associates
Pennsylvania
$549K +$546K +24,116 New
CWM
40
Cornerstone Wealth Management
Missouri
$518K +$25.6K +1,132 +5%
CWM
41
Centurion Wealth Management
Virginia
$503K +$495K +21,861 New
Walleye Capital
42
Walleye Capital
New York
$475K +$467K +20,643 New
Truist Financial
43
Truist Financial
North Carolina
$457K -$7.25K -320 -2%
SFS
44
Shaker Financial Services
Virginia
$401K +$395K +17,425 New
FFO
45
Fortitude Family Office
Arizona
$372K +$366K +16,175 New
WS
46
Wedbush Securities
California
$372K +$159 +7 +0%
LFAS
47
Level Four Advisory Services
Texas
$367K +$42.8K +1,890 +13%
IFWM
48
Institute for Wealth Management
Colorado
$352K +$566 +25 +0.2%
PI
49
PFG Investments
New York
$325K +$1.04K +46 +0.3%
DWP
50
Daymark Wealth Partners
Ohio
$307K – – –
1
2
3 4

NIE Hedge Fund Activity: Q3 2024 in Review

82 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q3 2024, worth a combined $160M — down 0.82% from $161M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new NIE positions and 5 closed out — a net gain of 6 holders — while 33 added to existing stakes and 23 trimmed.

The largest buyer was International Assets Investment Management, adding an estimated $6.29M. The largest seller was Allworth Financial, cutting an estimated $2.62M.

  • 82 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q3 2024, up from 78 in Q2 2024.
  • Funds reported $160M of Virtus Equity & Convertible Income Fund stock for Q3 2024, down 0.82% quarter-over-quarter.
  • 11 funds opened new Virtus Equity & Convertible Income Fund positions in Q3 2024 and 5 closed out, a net change of +6 holders.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q3 2024 was International Assets Investment Management, an estimated $6.29M added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q3 2024 was Allworth Financial, an estimated $2.62M sold.

Based on aggregated 13F filings for Q3 2024.