Virtus Equity & Convertible Income Fund
NIE
54 hedge funds and large institutions have $108M invested in Virtus Equity & Convertible Income Fund in 2016 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 18 reducing their positions, and 6 closing their positions.
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
2% more funds holding
Funds holding: 53 → 54 (+1)
2.31% less ownership
Funds ownership: 23.5% → 21.19% (-2.3%)
9% less capital invested
Capital invested by funds: $118M → $108M (-$10.4M)
17% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$722K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$211K |
| 3 |
NPC
National Planning Corporation
El Segundo,
California
|
+$201K |
| 4 |
CA
Cetera Advisors
Denver,
Colorado
|
+$172K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$156K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$4.18M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.21M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2M |
| 4 |
LPL Financial
San Diego,
California
|
-$1.12M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.07M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FANJ
51
Financial Architects (New Jersey)
Marlton,
New Jersey
| $4K | +$3.62K | +200 | New |
|
|
WCM
52
Wealthcare Capital Management
Richmond,
Virginia
| $2K | – | – | – |
|
53
Creative Planning
Overland Park,
Kansas
| $2K | +$2.12K | +117 | New |
|
|
MPWT
54
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| $662 | +$652 | +36 | New |
|
|
PPA
55
Parametric Portfolio Associates
Seattle,
Washington
| – | -$4.18M | -229,687 | Closed |
|
56
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$191K | -10,491 | Closed |
|
|
AIG
57
American International Group
New York
| – | -$124K | -6,825 | Closed |
|
|
GAM
58
Gemmer Asset Management
Walnut Creek,
California
| – | -$27K | -1,500 | Closed |
|
59
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$12K | -650 | Closed |
|
|
TRCT
60
Tower Research Capital (TRC)
New York
| – | -$6K | -342 | Closed |
|
NIE Hedge Fund Activity: Q2 2016 in Review
54 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q2 2016, worth a combined $108M — down 8.8% from $118M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new NIE positions and 6 closed out — a net gain of 1 holder — while 15 added to existing stakes and 18 trimmed.
The largest buyer was Wells Fargo, adding an estimated $722K. The largest seller was Parametric Portfolio Associates, exiting entirely with an estimated $4.18M sold.
- 54 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q2 2016, up from 53 in Q1 2016.
- Funds reported $108M of Virtus Equity & Convertible Income Fund stock for Q2 2016, down 8.8% quarter-over-quarter.
- 7 funds opened new Virtus Equity & Convertible Income Fund positions in Q2 2016 and 6 closed out, a net change of +1 holder.
- The largest Virtus Equity & Convertible Income Fund buyer in Q2 2016 was Wells Fargo, an estimated $722K added.
- The largest Virtus Equity & Convertible Income Fund seller in Q2 2016 was Parametric Portfolio Associates, an estimated $4.18M sold.
Based on aggregated 13F filings for Q2 2016.