Virtus Equity & Convertible Income Fund
NIE
50 hedge funds and large institutions have $113M invested in Virtus Equity & Convertible Income Fund in 2015 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 24 reducing their positions, and 7 closing their positions.
1.26% more ownership
Funds ownership: 22.52% → 23.78% (+1.3%)
4% less funds holding
Funds holding: 52 → 50 (-2)
6% less capital invested
Capital invested by funds: $120M → $113M (-$7.02M)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
50% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$10.6M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$3.92M |
| 3 |
Morgan Stanley
New York
|
+$1.26M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$981K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$891K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$5.86M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$2.27M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.94M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$625K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$447K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Goldman Sachs
New York
| – | -$392K | -20,300 | Closed |
|
52
SG Americas Securities
New York
| – | -$253K | -13,128 | Closed |
|
|
WA
53
WFG Advisors
Dallas,
Texas
| – | -$86K | -4,474 | Closed |
|
|
BRWM
54
B. Riley Wealth Management
Memphis,
Tennessee
| – | -$55K | -2,869 | Closed |
|
|
PAM
55
Panagora Asset Management
Boston,
Massachusetts
| – | -$21K | -1,094 | Closed |
|
|
FNBT
56
FineMark National Bank & Trust
Fort Myers,
Florida
| – | -$14K | -700 | Closed |
|
|
TRCT
57
Tower Research Capital (TRC)
New York
| – | -$2K | -129 | Closed |
|
NIE Hedge Fund Activity: Q3 2015 in Review
50 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q3 2015, worth a combined $113M — down 5.8% from $120M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of NIE and 5 opened new positions — a net loss of 2 holders — while 24 trimmed existing stakes and 12 added.
The largest buyer was Karpus Investment Management, adding an estimated $10.6M. The largest seller was Advisors Asset Management, cutting an estimated $5.86M.
- 50 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q3 2015, down from 52 in Q2 2015.
- Funds reported $113M of Virtus Equity & Convertible Income Fund stock for Q3 2015, down 5.8% quarter-over-quarter.
- 5 funds opened new Virtus Equity & Convertible Income Fund positions in Q3 2015 and 7 closed out, a net change of -2 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q3 2015 was Karpus Investment Management, an estimated $10.6M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q3 2015 was Advisors Asset Management, an estimated $5.86M sold.
Based on aggregated 13F filings for Q3 2015.