Virtus Equity & Convertible Income Fund
NIE
54 hedge funds and large institutions have $111M invested in Virtus Equity & Convertible Income Fund in 2016 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 20 reducing their positions, and 8 closing their positions.
3% more capital invested
Capital invested by funds: $108M → $111M (+$3.01M)
0.99% more ownership
Funds ownership: 20.69% → 21.67% (+0.99%)
0% more funds holding
Funds holding: 54 → 54 (0)
0% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 8
35% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.16M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.71M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.42M |
| 4 |
Citigroup
New York
|
+$1.05M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$951K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.82M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.6M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$619K |
| 4 |
OC
Oppenheimer & Co
New York
|
-$552K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$465K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AA
51
Ancora Advisors
Cleveland,
Ohio
| $3K | +$3.06K | +166 | New |
|
|
WCM
52
Wealthcare Capital Management
Richmond,
Virginia
| $2K | – | – | – |
|
53
SEI Investments
Oaks,
Pennsylvania
| $1K | -$701 | -38 | -33% |
|
|
PCM
54
Pointe Capital Management
Grosse Pointe Farms,
Michigan
| – | -$304K | -16,215 | Closed |
|
|
CAN
55
Cetera Advisor Networks
El Segundo,
California
| – | -$220K | -11,752 | Closed |
|
56
Envestnet Asset Management
Chicago,
Illinois
| – | -$47K | -2,537 | Closed |
|
|
JFA
57
JNBA Financial Advisors
Bloomington,
Minnesota
| – | -$37K | -2,000 | Closed |
|
|
S
58
SignatureFD
Atlanta,
Georgia
| – | -$37K | -2,000 | Closed |
|
|
CA
59
CapWealth Advisors
Franklin,
Tennessee
| – | -$34K | -1,800 | Closed |
|
|
CHP
60
Cable Hill Partners
Portland,
Oregon
| – | -$2K | -127 | Closed |
|
|
TRCT
61
Tower Research Capital (TRC)
New York
| – | -$2K | -94 | Closed |
|
62
Barclays
London,
United Kingdom
| – | +$277 | +15 | New |
|
NIE Hedge Fund Activity: Q4 2016 in Review
54 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q4 2016, worth a combined $111M — up 2.8% from $108M a quarter earlier.
Fund positioning in NIE was balanced in Q4 2016: 8 funds opened new positions, 8 closed out, 13 added to existing stakes and 20 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $5.16M. The largest seller was Advisors Asset Management, cutting an estimated $2.82M.
- 54 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q4 2016, unchanged from Q3 2016.
- Funds reported $111M of Virtus Equity & Convertible Income Fund stock for Q4 2016, up 2.8% quarter-over-quarter.
- 8 funds opened new Virtus Equity & Convertible Income Fund positions in Q4 2016 and 8 closed out, a net change of 0 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q4 2016 was Morgan Stanley, an estimated $5.16M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q4 2016 was Advisors Asset Management, an estimated $2.82M sold.
Based on aggregated 13F filings for Q4 2016.