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NIE

Virtus Equity & Convertible Income Fund
NIE

82 hedge funds and large institutions have $161M invested in Virtus Equity & Convertible Income Fund in 2023 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 26 increasing their positions, 24 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,100% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 1

15% more funds holding

Funds holding: 71 → 82 (+11)

13% more capital invested

Capital invested by funds: $143M → $161M (+$18.4M)

1.9% more ownership

Funds ownership: 25.95% → 27.85% (+1.9%)

8% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 24

Holders
82
Holders Change
+11
Holders Change %
+15.49%
% of All Funds
1.2%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
26
Reduced
24
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$10.8M
2
AAM
Advisors Asset Management
Colorado
+$2.1M
3
LCM
Landscape Capital Management
New Jersey
+$1.2M
4
CA
Cornerstone Advisors
North Carolina
+$1.07M
5
GC
Guggenheim Capital
Illinois
+$602K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$4.93M
2
Bank of America
Bank of America
North Carolina
-$2.97M
3
Osaic Holdings
Osaic Holdings
Arizona
-$981K
4
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$564K
5
ASN
Advisory Services Network
Georgia
-$325K
Name Holding Trade Value Shares
Change 		Change in
Stake
AWM
51
AE Wealth Management
Kansas
$286K +$271K +13,361 New
SCA
52
SMH Capital Advisors
Texas
$280K -$344 -17 -0.1%
DWP
53
Daymark Wealth Partners
Ohio
$279K – – –
Comerica Bank
54
Comerica Bank
Texas
$264K +$66.5K +3,281 +35%
IAIM
55
International Assets Investment Management
Florida
$260K -$15.7K -774 -6%
LFAS
56
Level Four Advisory Services
Texas
$259K +$20.7K +1,022 +9%
CAM
57
Creekmur Asset Management
Illinois
$241K +$234K +11,540 New
Janney Montgomery Scott
58
Janney Montgomery Scott
Pennsylvania
$234K +$9K +444 +4%
JP Morgan Chase
59
JP Morgan Chase
New York
$234K -$85.7K -4,228 -27%
GAA
60
Global Assets Advisory
Florida
$228K – – –
NA
61
NewEdge Advisors
Louisiana
$213K +$15.7K +777 +8%
ARC
62
Advisor Resource Council
Texas
$208K +$202K +9,950 New
DC
63
Davenport & Co
Virginia
$207K -$4.05K -200 -2%
MA
64
Montag & Associates
Georgia
$111K – – –
PNC Financial Services Group
65
PNC Financial Services Group
Pennsylvania
$111K – – –
WWM
66
Wolff Wiese Magana
California
$88.8K – – –
HI
67
Harbour Investments
Wisconsin
$71.4K -$244K -12,029 -78%
Northwestern Mutual Wealth Management
68
Northwestern Mutual Wealth Management
Wisconsin
$48.1K +$3.59K +177 +8%
Carson Wealth (CWM LLC)
69
Carson Wealth (CWM LLC)
Nebraska
$48K – – –
VWM
70
Venturi Wealth Management
Texas
$37K – – –
IGWM
71
ICA Group Wealth Management
Colorado
$31.4K +$30.4K +1,500 New
CWM
72
Cedar Wealth Management
California
$31.3K – – –
ASN
73
Advisory Services Network
Georgia
$25K -$325K -16,058 -93%
TFGT
74
TS Financial Group (TSFG)
Illinois
$16K – – –
WIM
75
Westside Investment Management
California
$7.32K – – –
1 2
3
4

NIE Hedge Fund Activity: Q4 2023 in Review

82 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q4 2023, worth a combined $161M — up 13% from $143M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new NIE positions and 1 closed out — a net gain of 11 holders — while 26 added to existing stakes and 24 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $10.8M. The largest seller was Wells Fargo, cutting an estimated $4.93M.

  • 82 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q4 2023, up from 71 in Q3 2023.
  • Funds reported $161M of Virtus Equity & Convertible Income Fund stock for Q4 2023, up 13% quarter-over-quarter.
  • 12 funds opened new Virtus Equity & Convertible Income Fund positions in Q4 2023 and 1 closed out, a net change of +11 holders.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $10.8M added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q4 2023 was Wells Fargo, an estimated $4.93M sold.

Based on aggregated 13F filings for Q4 2023.