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NIE

Virtus Equity & Convertible Income Fund
NIE

56 hedge funds and large institutions have $118M invested in Virtus Equity & Convertible Income Fund in 2019 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 21 increasing their positions, 17 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 17

11% more capital invested

Capital invested by funds: $106M → $118M (+$12.2M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.82% less ownership

Funds ownership: 20.66% → 19.84% (-0.82%)

13% less funds holding

Funds holding: 64 → 56 (-8)

67% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 12

Holders
56
Holders Change
-8
Holders Change %
-12.5%
% of All Funds
1.21%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
4
Increased
21
Reduced
17
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$824K
2
GC
Guggenheim Capital
Illinois
+$570K
3
AAM
Advisors Asset Management
Colorado
+$558K
4
RJA
Raymond James & Associates
Florida
+$267K
5
DC
Davenport & Co
Virginia
+$243K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.93M
2
Carson Wealth (CWM LLC)
Carson Wealth (CWM LLC)
Nebraska
-$931K
3
GFP
Gryphon Financial Partners
Ohio
-$762K
4
WAM
Weiss Asset Management
Massachusetts
-$730K
5
LCM
Landscape Capital Management
New Jersey
-$484K
Name Holding Trade Value Shares
Change 		Change in
Stake
TFGT
51
TS Financial Group (TSFG)
Illinois
$16K +$15.6K +754 New
FHA
52
Flagship Harbor Advisors
Massachusetts
$9K -$12.4K -600 -57%
US Bancorp
53
US Bancorp
Minnesota
$2K – – –
WCM
54
Wealthcare Capital Management
Virginia
$2K – – –
GT
55
Glenmede Trust
Pennsylvania
$17 – – –
WAM
56
Weiss Asset Management
Massachusetts
– -$730K -39,350 Closed
GFP
57
Gryphon Financial Partners
Ohio
– -$762K -34,325 Closed
DA
58
Doliver Advisors
Texas
– -$382K -20,588 Closed
Envestnet Asset Management
59
Envestnet Asset Management
Illinois
– -$363K -19,566 Closed
CRC
60
Curi RMB Capital
Illinois
– -$325K -17,503 Closed
UWM
61
USAdvisors Wealth Management
Minnesota
– -$242K -13,022 Closed
OC
62
Oppenheimer & Co
New York
– -$187K -10,107 Closed
CA
63
Claro Advisors
Massachusetts
– -$139K -6,039 Closed
MOS
64
MGO One Seven
Ohio
– -$49K -2,655 Closed
NFG
65
Next Financial Group
Texas
– -$39K -2,120 Closed
W
66
WealthOne
New York
– -$15K -825 Closed
AIC
67
Ameritas Investment Company
Nebraska
– -$2K -103 Closed
1 2
3

NIE Hedge Fund Activity: Q1 2019 in Review

56 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q1 2019, worth a combined $118M — up 11% from $106M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of NIE and 4 opened new positions — a net loss of 8 holders — while 17 trimmed existing stakes and 21 added.

The largest buyer was Wells Fargo, adding an estimated $824K. The largest seller was Morgan Stanley, cutting an estimated $1.93M.

  • 56 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q1 2019, down from 64 in Q4 2018.
  • Funds reported $118M of Virtus Equity & Convertible Income Fund stock for Q1 2019, up 11% quarter-over-quarter.
  • 4 funds opened new Virtus Equity & Convertible Income Fund positions in Q1 2019 and 12 closed out, a net change of -8 holders.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q1 2019 was Wells Fargo, an estimated $824K added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q1 2019 was Morgan Stanley, an estimated $1.93M sold.

Based on aggregated 13F filings for Q1 2019.