Virtus Equity & Convertible Income Fund
NIE
57 hedge funds and large institutions have $106M invested in Virtus Equity & Convertible Income Fund in 2017 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 19 increasing their positions, 14 reducing their positions, and 4 closing their positions.
125% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 4
36% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 14
10% more funds holding
Funds holding: 52 → 57 (+5)
5% less capital invested
Capital invested by funds: $111M → $106M (-$5.09M)
1.43% less ownership
Funds ownership: 20.77% → 19.34% (-1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.63M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.57M |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$1.4M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.22M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$8.94M |
| 2 |
Morgan Stanley
New York
|
-$3.25M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$2.49M |
| 4 |
LPL Financial
San Diego,
California
|
-$1.38M |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$817K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FANJ
51
Financial Architects (New Jersey)
Marlton,
New Jersey
| $4K | – | – | – |
|
52
Creative Planning
Overland Park,
Kansas
| $3K | +$39 | +2 | +2% |
|
53
Fifth Third Bancorp
Cincinnati,
Ohio
| $3K | +$3.03K | +154 | New |
|
|
WCM
54
Wealthcare Capital Management
Richmond,
Virginia
| $2K | – | – | – |
|
|
ASN
55
Advisory Services Network
Atlanta,
Georgia
| $1K | – | – | – |
|
|
WT
56
Whittier Trust
South Pasadena,
California
| $1K | – | – | – |
|
|
LCM
57
Landscape Capital Management
Englewood,
New Jersey
| – | -$2.49M | -134,622 | Closed |
|
|
CWM
58
Concert Wealth Management
San Jose,
California
| – | -$410K | -22,275 | Closed |
|
|
TPW
59
Tiller Private Wealth
Bethlehem,
Pennsylvania
| – | -$239K | -12,359 | Closed |
|
60
SEI Investments
Oaks,
Pennsylvania
| – | -$2K | -114 | Closed |
|
NIE Hedge Fund Activity: Q2 2017 in Review
57 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q2 2017, worth a combined $106M — down 4.6% from $111M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new NIE positions and 4 closed out — a net gain of 5 holders — while 19 added to existing stakes and 14 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $1.63M. The largest seller was Karpus Investment Management, cutting an estimated $8.94M.
- 57 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q2 2017, up from 52 in Q1 2017.
- Funds reported $106M of Virtus Equity & Convertible Income Fund stock for Q2 2017, down 4.6% quarter-over-quarter.
- 9 funds opened new Virtus Equity & Convertible Income Fund positions in Q2 2017 and 4 closed out, a net change of +5 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q2 2017 was Advisors Asset Management, an estimated $1.63M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q2 2017 was Karpus Investment Management, an estimated $8.94M sold.
Based on aggregated 13F filings for Q2 2017.