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NIE

Virtus Equity & Convertible Income Fund
NIE

64 hedge funds and large institutions have $123M invested in Virtus Equity & Convertible Income Fund in 2019 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 18 increasing their positions, 19 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 2

8% more funds holding

Funds holding: 59 → 64 (+5)

8% more capital invested

Capital invested by funds: $114M → $123M (+$8.79M)

0.5% more ownership

Funds ownership: 19.06% → 19.55% (+0.5%)

5% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 19

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
64
Holders Change
+5
Holders Change %
+8.47%
% of All Funds
1.26%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
8
Increased
18
Reduced
19
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Cohen & Steers
Cohen & Steers
New York
+$4.09M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$2.29M
3
UBS Group
UBS Group
Switzerland
+$1.86M
4
Truist Financial
Truist Financial
North Carolina
+$642K
5
LCM
Landscape Capital Management
New Jersey
+$569K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$2.56M
2
Morgan Stanley
Morgan Stanley
New York
-$1.76M
3
GC
Guggenheim Capital
Illinois
-$1.55M
4
KIM
Karpus Investment Management
New York
-$1.52M
5
SFS
Shaker Financial Services
Virginia
-$777K
Name Holding Trade Value Shares
Change 		Change in
Stake
WAP
51
Wealthcare Advisory Partners
Pennsylvania
$29K – – –
Northwestern Mutual Wealth Management
52
Northwestern Mutual Wealth Management
Wisconsin
$26K -$3.99K -180 -14%
AA
53
Ancora Advisors
Ohio
$26K +$24.9K +1,124 New
APA
54
American Portfolios Advisors
New York
$25.6K – – –
Carson Wealth (CWM LLC)
55
Carson Wealth (CWM LLC)
Nebraska
$24K – – –
EWM
56
Edge Wealth Management
New York
$24K – – –
HPC
57
HM Payson & Co
Maine
$17K – – –
TFGT
58
TS Financial Group (TSFG)
Illinois
$17K – – –
TPWA
59
TRUE Private Wealth Advisors
Oregon
$15K +$15K +679 New
BWA
60
BDO Wealth Advisors
Florida
$10K – – –
WCM
61
Wealthcare Capital Management
Virginia
$3K – – –
US Bancorp
62
US Bancorp
Minnesota
$2K – – –
SFS
63
Sowell Financial Services
Arkansas
$1K -$665 -30 -37%
SFS
64
Shaker Financial Services
Virginia
– -$777K -35,971 Closed
FHA
65
Flagship Harbor Advisors
Massachusetts
– -$9K -450 Closed
Fidelity Investments
66
Fidelity Investments
Massachusetts
– -$620 -28 -97%
1 2
3

NIE Hedge Fund Activity: Q4 2019 in Review

64 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q4 2019, worth a combined $123M — up 7.7% from $114M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new NIE positions and 2 closed out — a net gain of 6 holders — while 18 added to existing stakes and 19 trimmed.

The largest buyer was Cohen & Steers, opening a new position worth an estimated $4.09M. The largest seller was Advisors Asset Management, cutting an estimated $2.56M.

  • 64 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q4 2019, up from 59 in Q3 2019.
  • Funds reported $123M of Virtus Equity & Convertible Income Fund stock for Q4 2019, up 7.7% quarter-over-quarter.
  • 8 funds opened new Virtus Equity & Convertible Income Fund positions in Q4 2019 and 2 closed out, a net change of +6 holders.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q4 2019 was Cohen & Steers, an estimated $4.09M added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q4 2019 was Advisors Asset Management, an estimated $2.56M sold.

Based on aggregated 13F filings for Q4 2019.