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NIE

Virtus Equity & Convertible Income Fund
NIE

64 hedge funds and large institutions have $106M invested in Virtus Equity & Convertible Income Fund in 2018 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 19 increasing their positions, 16 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

111% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 9

19% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 16

19% more funds holding

Funds holding: 54 → 64 (+10)

2.59% more ownership

Funds ownership: 18.07% → 20.66% (+2.6%)

12% less capital invested

Capital invested by funds: $121M → $106M (-$14.3M)

Holders
64
Holders Change
+10
Holders Change %
+18.52%
% of All Funds
1.43%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
19
Increased
19
Reduced
16
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$7.55M
2
Morgan Stanley
Morgan Stanley
New York
+$4.25M
3
AAM
Advisors Asset Management
Colorado
+$1.14M
4
Carson Wealth (CWM LLC)
Carson Wealth (CWM LLC)
Nebraska
+$930K
5
Invesco
Invesco
Georgia
+$832K

Top Sellers

Rank Fund Capital Flow
1
CWM
Cornerstone Wealth Management
Missouri
-$4.22M
2
GC
Guggenheim Capital
Illinois
-$1.94M
3
Bank of America
Bank of America
North Carolina
-$588K
4
CA
Cetera Advisors
Colorado
-$577K
5
LTFS
Ladenburg Thalmann Financial Services
Florida
-$275K
Name Holding Trade Value Shares
Change 		Change in
Stake
NFG
51
Next Financial Group
Texas
$39K +$43K +2,120 New
CWM
52
Cedar Wealth Management
California
$31K – – –
QCIG
53
Quad-Cities Investment Group
Iowa
$31K +$548 +27 +2%
HNB
54
Huntington National Bank
Ohio
$23K – – –
WAP
55
Wealthcare Advisory Partners
Pennsylvania
$23K – – –
APA
56
American Portfolios Advisors
New York
$20.4K +$16.2K +800 +267%
EWM
57
Edge Wealth Management
New York
$19K – – –
FHA
58
Flagship Harbor Advisors
Massachusetts
$19K +$21.3K +1,050 New
W
59
WealthOne
New York
$15K +$16.8K +825 New
SWM
60
SeaCrest Wealth Management
New York
$14K – – –
US Bancorp
61
US Bancorp
Minnesota
$2K – – –
WCM
62
Wealthcare Capital Management
Virginia
$2K – – –
AIC
63
Ameritas Investment Company
Nebraska
$2K +$2.09K +103 New
GT
64
Glenmede Trust
Pennsylvania
$14 +$16.2K +800 New
CA
65
Cetera Advisors
Colorado
– -$577K -25,144 Closed
Janney Montgomery Scott
66
Janney Montgomery Scott
Pennsylvania
– -$226K -9,827 Closed
Millennium Management
67
Millennium Management
New York
– -$210K -9,167 Closed
MA
68
Mutual Advisors
Nebraska
– -$210K -9,154 Closed
WAS
69
WESPAC Advisors SoCal
California
– -$29K -1,271 Closed
AWM
70
Aevitas Wealth Management
Massachusetts
– -$25K -1,075 Closed
TPWA
71
TRUE Private Wealth Advisors
Oregon
– -$15.6K -679 Closed
KF
72
Krilogy Financial
Missouri
– -$7K -300 Closed
AA
73
Ancora Advisors
Ohio
– -$4K -166 Closed
1 2
3

NIE Hedge Fund Activity: Q4 2018 in Review

64 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q4 2018, worth a combined $106M — down 12% from $121M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new NIE positions and 9 closed out — a net gain of 10 holders — while 19 added to existing stakes and 16 trimmed.

The largest buyer was Karpus Investment Management, opening a new position worth an estimated $7.55M. The largest seller was Cornerstone Wealth Management, cutting an estimated $4.22M.

  • 64 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q4 2018, up from 54 in Q3 2018.
  • Funds reported $106M of Virtus Equity & Convertible Income Fund stock for Q4 2018, down 12% quarter-over-quarter.
  • 19 funds opened new Virtus Equity & Convertible Income Fund positions in Q4 2018 and 9 closed out, a net change of +10 holders.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q4 2018 was Karpus Investment Management, an estimated $7.55M added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q4 2018 was Cornerstone Wealth Management, an estimated $4.22M sold.

Based on aggregated 13F filings for Q4 2018.