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NIE

Virtus Equity & Convertible Income Fund
NIE

61 hedge funds and large institutions have $122M invested in Virtus Equity & Convertible Income Fund in 2015 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 13 increasing their positions, 20 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

275% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 4

22% more funds holding

Funds holding: 50 → 61 (+11)

8% more capital invested

Capital invested by funds: $113M → $122M (+$8.53M)

0.7% more ownership

Funds ownership: 23.78% → 24.48% (+0.7%)

35% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 20

Holders
61
Holders Change
+11
Holders Change %
+22%
% of All Funds
1.6%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
13
Reduced
20
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$3.14M
2
KIM
Karpus Investment Management
New York
+$2.94M
3
LPL Financial
LPL Financial
California
+$1.4M
4
LCM
Landscape Capital Management
New Jersey
+$1.23M
5
SG Americas Securities
SG Americas Securities
New York
+$822K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$3.08M
2
WAM
Wolverine Asset Management
Illinois
-$1.92M
3
GC
Guggenheim Capital
Illinois
-$1.29M
4
OC
Oppenheimer & Co
New York
-$1.14M
5
Bank of America
Bank of America
North Carolina
-$522K
Name Holding Trade Value Shares
Change 		Change in
Stake
TJHA
51
Thomas J. Herzfeld Advisors
Florida
$36K – – –
GWM
52
Gupta Wealth Management
California
$31K +$31.1K +1,700 New
CWM
53
Cedar Wealth Management
California
$30K +$31K +1,695 New
IA
54
IFP Advisors
Florida
$24K +$24.5K +1,339 New
CTC
55
Central Trust Company
Missouri
$22K – – –
TRCT
56
Tower Research Capital (TRC)
New York
$16K +$16K +873 New
Bank of Montreal
57
Bank of Montreal
Ontario, Canada
$14K – – –
Northwestern Mutual Wealth Management
58
Northwestern Mutual Wealth Management
Wisconsin
$12K +$11.9K +650 New
EWM
59
Edge Wealth Management
New York
$8K – – –
MFW
60
Mosaic Family Wealth
Missouri
$8K +$9.14K +500 New
WCM
61
Wealthcare Capital Management
Virginia
$2K – – –
CAN
62
Cetera Advisor Networks
California
– -$236K -13,676 Closed
CA
63
Cetera Advisors
Colorado
– -$181K -10,510 Closed
HF
64
Hoxton Financial
West Virginia
– -$16K -923 Closed
MPWT
65
MassMutual Private Wealth & Trust
Connecticut
– -$577 -29 Closed
1 2
3

NIE Hedge Fund Activity: Q4 2015 in Review

61 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q4 2015, worth a combined $122M — up 7.5% from $113M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new NIE positions and 4 closed out — a net gain of 11 holders — while 13 added to existing stakes and 20 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $3.14M. The largest seller was Advisors Asset Management, cutting an estimated $3.08M.

  • 61 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q4 2015, up from 50 in Q3 2015.
  • Funds reported $122M of Virtus Equity & Convertible Income Fund stock for Q4 2015, up 7.5% quarter-over-quarter.
  • 15 funds opened new Virtus Equity & Convertible Income Fund positions in Q4 2015 and 4 closed out, a net change of +11 holders.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q4 2015 was Morgan Stanley, an estimated $3.14M added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q4 2015 was Advisors Asset Management, an estimated $3.08M sold.

Based on aggregated 13F filings for Q4 2015.