Virtus Equity & Convertible Income Fund
NIE
54 hedge funds and large institutions have $121M invested in Virtus Equity & Convertible Income Fund in 2018 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 19 increasing their positions, 15 reducing their positions, and 6 closing their positions.
27% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 15
2% less capital invested
Capital invested by funds: $123M → $121M (-$2.88M)
1.07% less ownership
Funds ownership: 19.14% → 18.07% (-1.1%)
4% less funds holding
Funds holding: 56 → 54 (-2)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.75M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$693K |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$390K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$319K |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
+$299K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$4.77M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$2.03M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$1.22M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.16M |
| 5 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$440K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
APA
51
American Portfolios Advisors
Holbrook,
New York
| $6.88K | – | – | – |
|
|
AA
52
Ancora Advisors
Cleveland,
Ohio
| $4K | +$3.84K | +166 | New |
|
|
WCM
53
Wealthcare Capital Management
Richmond,
Virginia
| $3K | – | – | – |
|
54
US Bancorp
Minneapolis,
Minnesota
| $2K | – | – | – |
|
|
BC
55
Brinker Capital
Berwyn,
Pennsylvania
| – | -$356K | -15,984 | Closed |
|
|
DC
56
Davenport & Co
Richmond,
Virginia
| – | -$329K | -14,808 | Closed |
|
|
OC
57
Oppenheimer & Co
New York
| – | -$232K | -10,445 | Closed |
|
|
SKK
58
Shepherd Kaplan Krochuk
Boston,
Massachusetts
| – | -$216K | -9,700 | Closed |
|
|
CF
59
Centaurus Financial
Anaheim,
California
| – | -$17K | -769 | Closed |
|
60
SEI Investments
Oaks,
Pennsylvania
| – | -$6K | -277 | Closed |
|
NIE Hedge Fund Activity: Q3 2018 in Review
54 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q3 2018, worth a combined $121M — down 2.3% from $123M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of NIE and 5 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 19 added.
The largest buyer was Guggenheim Capital, adding an estimated $1.75M. The largest seller was Morgan Stanley, cutting an estimated $4.77M.
- 54 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q3 2018, down from 56 in Q2 2018.
- Funds reported $121M of Virtus Equity & Convertible Income Fund stock for Q3 2018, down 2.3% quarter-over-quarter.
- 5 funds opened new Virtus Equity & Convertible Income Fund positions in Q3 2018 and 6 closed out, a net change of -1 holder.
- The largest Virtus Equity & Convertible Income Fund buyer in Q3 2018 was Guggenheim Capital, an estimated $1.75M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q3 2018 was Morgan Stanley, an estimated $4.77M sold.
Based on aggregated 13F filings for Q3 2018.