Virtus Equity & Convertible Income Fund
NIE
52 hedge funds and large institutions have $111M invested in Virtus Equity & Convertible Income Fund in 2017 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 18 reducing their positions, and 8 closing their positions.
0% more capital invested
Capital invested by funds: $111M → $111M (+$293K)
0.9% less ownership
Funds ownership: 21.67% → 20.77% (-0.9%)
4% less funds holding
Funds holding: 54 → 52 (-2)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
22% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$2.66M |
| 2 |
BC
Brinker Capital
Berwyn,
Pennsylvania
|
+$1.63M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.05M |
| 4 |
BTS
BB&T Securities
Richmond,
Virginia
|
+$412K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$366K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$3.91M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.13M |
| 3 |
Citigroup
New York
|
-$1.3M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.17M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.12M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WT
51
Whittier Trust
South Pasadena,
California
| $1K | +$749 | +39 | New |
|
|
ASN
52
Advisory Services Network
Atlanta,
Georgia
| $1K | +$1.25K | +65 | New |
|
|
CA
53
Cornerstone Advisors
Asheville,
North Carolina
| – | -$775K | -42,079 | Closed |
|
|
CRC
54
Curi RMB Capital
Chicago,
Illinois
| – | -$436K | -23,643 | Closed |
|
|
PFS
55
Prospera Financial Services
Dallas,
Texas
| – | -$227K | -12,298 | Closed |
|
56
Goldman Sachs
New York
| – | -$210K | -11,390 | Closed |
|
57
SG Americas Securities
New York
| – | -$165K | -8,948 | Closed |
|
|
TC
58
Trust Company
Manhattan,
Kansas
| – | -$35K | -1,904 | Closed |
|
|
BBPWM
59
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| – | -$27K | -1,426 | Closed |
|
|
AA
60
Ancora Advisors
Cleveland,
Ohio
| – | -$3K | -166 | Closed |
|
NIE Hedge Fund Activity: Q1 2017 in Review
52 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q1 2017, worth a combined $111M — up 0.26% from $111M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of NIE and 7 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 14 added.
The largest buyer was Wells Fargo, adding an estimated $2.66M. The largest seller was Advisors Asset Management, cutting an estimated $3.91M.
- 52 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q1 2017, down from 54 in Q4 2016.
- Funds reported $111M of Virtus Equity & Convertible Income Fund stock for Q1 2017, up 0.26% quarter-over-quarter.
- 7 funds opened new Virtus Equity & Convertible Income Fund positions in Q1 2017 and 8 closed out, a net change of -1 holder.
- The largest Virtus Equity & Convertible Income Fund buyer in Q1 2017 was Wells Fargo, an estimated $2.66M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q1 2017 was Advisors Asset Management, an estimated $3.91M sold.
Based on aggregated 13F filings for Q1 2017.