Virtus Equity & Convertible Income Fund
NIE
50 hedge funds and large institutions have $104M invested in Virtus Equity & Convertible Income Fund in 2017 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 16 reducing their positions, and 12 closing their positions.
2% less capital invested
Capital invested by funds: $106M → $104M (-$1.8M)
6% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 16
1.2% less ownership
Funds ownership: 19.34% → 18.14% (-1.2%)
12% less funds holding
Funds holding: 57 → 50 (-7)
58% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.72M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$2.44M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.31M |
| 4 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$1.42M |
| 5 |
SCM
Saba Capital Management
New York
|
+$700K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$9.17M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.38M |
| 3 |
BC
Brinker Capital
Berwyn,
Pennsylvania
|
-$1.22M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$892K |
| 5 |
NPC
National Planning Corporation
El Segundo,
California
|
-$691K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NPC
51
National Planning Corporation
El Segundo,
California
| – | -$691K | -34,821 | Closed |
|
52
Millennium Management
New York
| – | -$358K | -18,151 | Closed |
|
|
CRC
53
Curi RMB Capital
Chicago,
Illinois
| – | -$353K | -17,852 | Closed |
|
54
SG Americas Securities
New York
| – | -$260K | -13,156 | Closed |
|
|
1CP
55
1607 Capital Partners
Richmond,
Virginia
| – | -$254K | -12,846 | Closed |
|
|
DADC
56
D.A. Davidson & Co
Great Falls,
Montana
| – | -$49K | -2,500 | Closed |
|
|
VWA
57
V Wealth Advisors
Overland Park,
Kansas
| – | -$23K | -1,154 | Closed |
|
|
QAM
58
QCI Asset Management
Pittsford,
New York
| – | -$5K | -250 | Closed |
|
59
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$3K | -154 | Closed |
|
60
Creative Planning
Overland Park,
Kansas
| – | -$3K | -127 | Closed |
|
|
WT
61
Whittier Trust
South Pasadena,
California
| – | -$1K | -39 | Closed |
|
NIE Hedge Fund Activity: Q3 2017 in Review
50 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q3 2017, worth a combined $104M — down 1.7% from $106M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of NIE and 5 opened new positions — a net loss of 7 holders — while 16 trimmed existing stakes and 15 added.
The largest buyer was Advisors Asset Management, adding an estimated $2.72M. The largest seller was Karpus Investment Management, cutting an estimated $9.17M.
- 50 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q3 2017, down from 57 in Q2 2017.
- Funds reported $104M of Virtus Equity & Convertible Income Fund stock for Q3 2017, down 1.7% quarter-over-quarter.
- 5 funds opened new Virtus Equity & Convertible Income Fund positions in Q3 2017 and 12 closed out, a net change of -7 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q3 2017 was Advisors Asset Management, an estimated $2.72M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q3 2017 was Karpus Investment Management, an estimated $9.17M sold.
Based on aggregated 13F filings for Q3 2017.