Virtus Equity & Convertible Income Fund
NIE
72 hedge funds and large institutions have $118M invested in Virtus Equity & Convertible Income Fund in 2022 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 22 increasing their positions, 22 reducing their positions, and 10 closing their positions.
30% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 10
0% more funds holding
Funds holding: 72 → 72 (0)
0% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 22
0.3% less ownership
Funds ownership: 23.69% → 23.38% (-0.3%)
11% less capital invested
Capital invested by funds: $133M → $118M (-$15.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$3.08M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.66M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$628K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$481K |
| 5 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$428K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$3.91M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$2.02M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.47M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.21M |
| 5 |
PFS
Prospera Financial Services
Dallas,
Texas
|
-$669K |
NIE Hedge Fund Activity: Q4 2022 in Review
72 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q4 2022, worth a combined $118M — down 11% from $133M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new NIE positions and 10 closed out — a net gain of 3 holders — while 22 added to existing stakes and 22 trimmed.
The largest buyer was Bank of America, adding an estimated $3.08M. The largest seller was Morgan Stanley, cutting an estimated $3.91M.
- 72 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q4 2022, unchanged from Q3 2022.
- Funds reported $118M of Virtus Equity & Convertible Income Fund stock for Q4 2022, down 11% quarter-over-quarter.
- 13 funds opened new Virtus Equity & Convertible Income Fund positions in Q4 2022 and 10 closed out, a net change of +3 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q4 2022 was Bank of America, an estimated $3.08M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q4 2022 was Morgan Stanley, an estimated $3.91M sold.
Based on aggregated 13F filings for Q4 2022.