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NIE

Virtus Equity & Convertible Income Fund
NIE

62 hedge funds and large institutions have $110M invested in Virtus Equity & Convertible Income Fund in 2017 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 18 increasing their positions, 15 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

240% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 5

24% more funds holding

Funds holding: 50 → 62 (+12)

20% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 15

5% more capital invested

Capital invested by funds: $104M → $110M (+$5.59M)

0.45% more ownership

Funds ownership: 18.14% → 18.59% (+0.45%)

Holders
62
Holders Change
+12
Holders Change %
+24%
% of All Funds
1.41%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
17
Increased
18
Reduced
15
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
+$3.1M
2
GC
Guggenheim Capital
Illinois
+$2.16M
3
LTFS
Ladenburg Thalmann Financial Services
Florida
+$1.19M
4
AG
Advisor Group
Arizona
+$977K
5
Bank of America
Bank of America
North Carolina
+$969K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$2.95M
2
KIM
Karpus Investment Management
New York
-$1.83M
3
RCM
Rivernorth Capital Management
Florida
-$1.52M
4
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
-$1.46M
5
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$873K
Name Holding Trade Value Shares
Change 		Change in
Stake
SWM
51
SeaCrest Wealth Management
New York
$28K +$27.5K +1,316 New
EWM
52
Edge Wealth Management
New York
$22K – – –
Bank of Montreal
53
Bank of Montreal
Ontario, Canada
$16K – – –
GT
54
Glenmede Trust
Pennsylvania
$16K +$16.7K +800 New
US Bancorp
55
US Bancorp
Minnesota
$10K – – –
CA
56
Calton & Associates
Florida
$10K +$10.1K +484 New
APA
57
American Portfolios Advisors
New York
$6.34K +$6.28K +300 New
KF
58
Krilogy Financial
Missouri
$6K +$6.28K +300 New
AFNAS
59
American Financial Network Advisory Services
California
$4K +$3.77K +180 New
WCM
60
Wealthcare Capital Management
Virginia
$2K – – –
ASN
61
Advisory Services Network
Georgia
$1K – – –
KIM
62
Karpus Investment Management
New York
– -$1.83M -88,296 Closed
Bank of Nova Scotia
63
Bank of Nova Scotia
Ontario, Canada
– -$1.46M -70,516 Closed
OC
64
Oppenheimer & Co
New York
– -$361K -17,435 Closed
TJHA
65
Thomas J. Herzfeld Advisors
Florida
– -$41K -2,000 Closed
FANJ
66
Financial Architects (New Jersey)
New Jersey
– -$4K -200 Closed
1 2
3

NIE Hedge Fund Activity: Q4 2017 in Review

62 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q4 2017, worth a combined $110M — up 5.4% from $104M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new NIE positions and 5 closed out — a net gain of 12 holders — while 18 added to existing stakes and 15 trimmed.

The largest buyer was Advisors Asset Management, adding an estimated $3.1M. The largest seller was Wells Fargo, cutting an estimated $2.95M.

  • 62 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q4 2017, up from 50 in Q3 2017.
  • Funds reported $110M of Virtus Equity & Convertible Income Fund stock for Q4 2017, up 5.4% quarter-over-quarter.
  • 17 funds opened new Virtus Equity & Convertible Income Fund positions in Q4 2017 and 5 closed out, a net change of +12 holders.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q4 2017 was Advisors Asset Management, an estimated $3.1M added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q4 2017 was Wells Fargo, an estimated $2.95M sold.

Based on aggregated 13F filings for Q4 2017.