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NIE

Virtus Equity & Convertible Income Fund
NIE

62 hedge funds and large institutions have $109M invested in Virtus Equity & Convertible Income Fund in 2018 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 20 increasing their positions, 16 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 16

0.29% more ownership

Funds ownership: 18.59% → 18.88% (+0.29%)

0% more funds holding

Funds holding: 62 → 62 (0)

0% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 8

1% less capital invested

Capital invested by funds: $110M → $109M (-$726K)

Holders
62
Holders Change
–
Holders Change %
0%
% of All Funds
1.42%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
20
Reduced
16
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WAM
Wolverine Asset Management
Illinois
+$2.48M
2
AAM
Advisors Asset Management
Colorado
+$2.15M
3
GC
Guggenheim Capital
Illinois
+$1.15M
4
MA
Mutual Advisors
Nebraska
+$776K
5
Stifel Financial
Stifel Financial
Missouri
+$672K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$2.99M
2
RCM
Rivernorth Capital Management
Florida
-$2.21M
3
SEI Investments
SEI Investments
Pennsylvania
-$1.26M
4
LTFS
Ladenburg Thalmann Financial Services
Florida
-$792K
5
CA
Cetera Advisors
Colorado
-$551K
Name Holding Trade Value Shares
Change 		Change in
Stake
GWM
51
Geneos Wealth Management
Colorado
$51K -$2.58K -120 -5%
ASN
52
Advisory Services Network
Georgia
$47K +$47.7K +2,216 +3,409%
CWM
53
Cedar Wealth Management
California
$35K – – –
EWM
54
Edge Wealth Management
New York
$22K – – –
VFA
55
Valeo Financial Advisors
Indiana
$17K +$17.2K +800 New
SWM
56
SeaCrest Wealth Management
New York
$16K -$11.6K -540 -41%
Bank of Montreal
57
Bank of Montreal
Ontario, Canada
$16K – – –
GT
58
Glenmede Trust
Pennsylvania
$16K – – –
APA
59
American Portfolios Advisors
New York
$6.21K – – –
KF
60
Krilogy Financial
Missouri
$6K – – –
WCM
61
Wealthcare Capital Management
Virginia
$2K – – –
CA
62
Cetera Advisors
Colorado
– -$551K -26,128 Closed
SEI Investments
63
SEI Investments
Pennsylvania
– -$1.26M -23,529 Closed
SPC
64
Sigma Planning Corp
Michigan
– -$285K -13,495 Closed
SIA
65
Starfire Investment Advisers
Michigan
– -$256K -12,112 Closed
LFAS
66
Level Four Advisory Services
Texas
– -$206K -9,759 Closed
CA
67
Calton & Associates
Florida
– -$10K -484 Closed
US Bancorp
68
US Bancorp
Minnesota
– -$10K -455 Closed
AFNAS
69
American Financial Network Advisory Services
California
– -$4K -180 Closed
1 2
3

NIE Hedge Fund Activity: Q1 2018 in Review

62 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q1 2018, worth a combined $109M — down 0.66% from $110M a quarter earlier.

Fund positioning in NIE was balanced in Q1 2018: 8 funds opened new positions, 8 closed out, 20 added to existing stakes and 16 trimmed.

The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $2.48M. The largest seller was Morgan Stanley, cutting an estimated $2.99M.

  • 62 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q1 2018, unchanged from Q4 2017.
  • Funds reported $109M of Virtus Equity & Convertible Income Fund stock for Q1 2018, down 0.66% quarter-over-quarter.
  • 8 funds opened new Virtus Equity & Convertible Income Fund positions in Q1 2018 and 8 closed out, a net change of 0 holders.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q1 2018 was Wolverine Asset Management, an estimated $2.48M added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q1 2018 was Morgan Stanley, an estimated $2.99M sold.

Based on aggregated 13F filings for Q1 2018.