Virtus Equity & Convertible Income Fund
NIE
54 hedge funds and large institutions have $108M invested in Virtus Equity & Convertible Income Fund in 2016 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 12 increasing their positions, 17 reducing their positions, and 8 closing their positions.
13% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 8
0% more funds holding
Funds holding: 54 → 54 (0)
0% less capital invested
Capital invested by funds: $108M → $108M (-$317K)
0.5% less ownership
Funds ownership: 21.19% → 20.69% (-0.5%)
29% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$1.21M |
| 2 |
Morgan Stanley
New York
|
+$823K |
| 3 |
OC
Oppenheimer & Co
New York
|
+$689K |
| 4 |
TC
Telemus Capital
Southfield,
Michigan
|
+$347K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$319K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.26M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$836K |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$773K |
| 4 |
RVPG
Relative Value Partners Group
|
-$585K |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$455K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Creative Planning
Overland Park,
Kansas
| $2K | +$57 | +3 | +3% |
|
|
TRCT
52
Tower Research Capital (TRC)
New York
| $2K | +$1.78K | +94 | New |
|
53
SEI Investments
Oaks,
Pennsylvania
| $2K | +$2.16K | +114 | New |
|
|
CHP
54
Cable Hill Partners
Portland,
Oregon
| $2K | +$2.41K | +127 | New |
|
|
RVPG
55
Relative Value Partners Group
| – | -$585K | -31,834 | Closed |
|
|
56
Baird Financial Group
Milwaukee,
Wisconsin
| – | -$455K | -24,732 | Closed |
|
|
NPC
57
National Planning Corporation
El Segundo,
California
| – | -$212K | -11,086 | Closed |
|
58
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$46K | -2,550 | Closed |
|
|
DADC
59
D.A. Davidson & Co
Great Falls,
Montana
| – | -$45K | -2,500 | Closed |
|
|
CTC
60
Central Trust Company
Jefferson City,
Missouri
| – | -$23K | -1,250 | Closed |
|
|
MFW
61
Mosaic Family Wealth
St. Louis,
Missouri
| – | -$10K | -500 | Closed |
|
|
TCM
62
TD Capital Management
Memphis,
Tennessee
| – | -$5K | -291 | Closed |
|
NIE Hedge Fund Activity: Q3 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 Q3 2016, worth a combined $108M — down 0.29% from $108M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new NIE positions and 8 closed out — a net gain of 1 holder — while 12 added to existing stakes and 17 trimmed.
The largest buyer was Wells Fargo, adding an estimated $1.21M. The largest seller was Karpus Investment Management, cutting an estimated $3.26M.
- 54 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q3 2016, unchanged from Q2 2016.
- Funds reported $108M of Virtus Equity & Convertible Income Fund stock for Q3 2016, down 0.29% quarter-over-quarter.
- 9 funds opened new Virtus Equity & Convertible Income Fund positions in Q3 2016 and 8 closed out, a net change of +1 holder.
- The largest Virtus Equity & Convertible Income Fund buyer in Q3 2016 was Wells Fargo, an estimated $1.21M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q3 2016 was Karpus Investment Management, an estimated $3.26M sold.
Based on aggregated 13F filings for Q3 2016.