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NIE

Virtus Equity & Convertible Income Fund

71 hedge funds and large institutions have $143M invested in Virtus Equity & Convertible Income Fund in 2023 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 26 increasing their positions, 20 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

30% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 20

1.95% more ownership

Funds ownership: 24%25.95% (+2%)

2% more capital invested

Capital invested by funds: $141M → $143M (+$2.37M)

4% less funds holding

Funds holding: 7471 (-3)

38% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 8

Holders
71
Holders Change
-3
Holders Change %
-4.05%
% of All Funds
1.13%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
5
Increased
26
Reduced
20
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
LFAS
51
Level Four Advisory Services
Texas
$226K +$239K +11,387 New
GAA
52
Global Assets Advisory
Florida
$219K
Janney Montgomery Scott
53
Janney Montgomery Scott
Pennsylvania
$213K +$1.49K +71 +0.7%
DC
54
Davenport & Co
Virginia
$200K -$3.14K -150 -1%
NA
55
NewEdge Advisors
Louisiana
$187K +$3.88K +185 +2%
Comerica Bank
56
Comerica Bank
Texas
$185K +$195K +9,322 New
MA
57
Montag & Associates
Georgia
$106K
PNC Financial Services Group
58
PNC Financial Services Group
Pennsylvania
$105K
WWM
59
Wolff Wiese Magana
California
$84.5K
Carson Wealth (CWM LLC)
60
Carson Wealth (CWM LLC)
Nebraska
$45K
Northwestern Mutual Wealth Management
61
Northwestern Mutual Wealth Management
Wisconsin
$42.2K -$2.33K -111 -5%
VWM
62
Venturi Wealth Management
Texas
$35.2K
CWM
63
Cedar Wealth Management
California
$29.8K
EC
64
Elequin Capital
New York
$27.2K +$28.6K +1,366 New
TFGT
65
TS Financial Group (TSFG)
Illinois
$15K
WIM
66
Westside Investment Management
California
$6.96K
BFEC
67
Benjamin F. Edwards & Company
Missouri
$6K
SFCL
68
Strengthening Families & Communities LLC
Massachusetts
$5K +$126 +6 +3%
VAG
69
VisionPoint Advisory Group
Texas
$3.98K
GWM
70
Geneos Wealth Management
Colorado
$2.98K
HCM
71
Hollencrest Capital Management
California
$1.31K
PIWA
72
Prevail Innovative Wealth Advisors
Kansas
-$306K -14,445 Closed
XF
73
XML Financial
Maryland
-$246K -11,641 Closed
TC
74
Telemus Capital
Michigan
-$200K -9,465 Closed
TFP
75
Tilia Fiduciary Partners
North Carolina
-$97.7K -4,619 Closed

NIE Hedge Fund Activity: Q3 2023 in Review

71 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q3 2023, worth a combined $143M — up 1.7% from $141M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of NIE and 5 opened new positions — a net loss of 3 holders — while 20 trimmed existing stakes and 26 added.

The largest buyer was Wealth Enhancement Advisory Services, opening a new position worth an estimated $7.53M. The largest seller was Wells Fargo, cutting an estimated $872K.

  • 71 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q3 2023, down from 74 in Q2 2023.
  • Funds reported $143M of Virtus Equity & Convertible Income Fund stock for Q3 2023, up 1.7% quarter-over-quarter.
  • 5 funds opened new Virtus Equity & Convertible Income Fund positions in Q3 2023 and 8 closed out, a net change of -3 holders.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q3 2023 was Wealth Enhancement Advisory Services, an estimated $7.53M added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q3 2023 was Wells Fargo, an estimated $872K sold.

Based on aggregated 13F filings for Q3 2023.