Virtus Equity & Convertible Income Fund
NIE
56 hedge funds and large institutions have $123M invested in Virtus Equity & Convertible Income Fund in 2018 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 25 increasing their positions, 11 reducing their positions, and 13 closing their positions.
127% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 11
13% more capital invested
Capital invested by funds: $109M → $123M (+$14.5M)
0.26% more ownership
Funds ownership: 18.88% → 19.14% (+0.26%)
10% less funds holding
Funds holding: 62 → 56 (-6)
31% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
+$4.94M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.42M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.32M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$860K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$793K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.51M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$2.38M |
| 3 |
Morgan Stanley
New York
|
-$816K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$602K |
| 5 |
MA
Mutual Advisors
Omaha,
Nebraska
|
-$579K |
NIE Hedge Fund Activity: Q2 2018 in Review
56 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q2 2018, worth a combined $123M — up 13% from $109M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of NIE and 9 opened new positions — a net loss of 4 holders — while 11 trimmed existing stakes and 25 added.
The largest buyer was Cornerstone Wealth Management, adding an estimated $4.94M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $2.51M sold.
- 56 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q2 2018, down from 62 in Q1 2018.
- Funds reported $123M of Virtus Equity & Convertible Income Fund stock for Q2 2018, up 13% quarter-over-quarter.
- 9 funds opened new Virtus Equity & Convertible Income Fund positions in Q2 2018 and 13 closed out, a net change of -4 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q2 2018 was Cornerstone Wealth Management, an estimated $4.94M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q2 2018 was Rivernorth Capital Management, an estimated $2.51M sold.
Based on aggregated 13F filings for Q2 2018.