Virtus Equity & Convertible Income Fund
NIE
78 hedge funds and large institutions have $161M invested in Virtus Equity & Convertible Income Fund in 2024 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 30 increasing their positions, 25 reducing their positions, and 9 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 25
2.3% less ownership
Funds ownership: 27.4% → 25.1% (-2.3%)
7% less funds holding
Funds holding: 84 → 78 (-6)
8% less capital invested
Capital invested by funds: $175M → $161M (-$13.8M)
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$3.07M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$2.1M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$832K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$676K |
| 5 |
LPL Financial
San Diego,
California
|
+$471K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GAA
Global Assets Advisory
Orlando,
Florida
|
-$11M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$3.74M |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$2.1M |
| 4 |
AF
Allworth Financial
Folsom,
California
|
-$1.77M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$1.51M |
NIE Hedge Fund Activity: Q2 2024 in Review
78 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q2 2024, worth a combined $161M — down 7.9% from $175M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of NIE and 5 opened new positions — a net loss of 4 holders — while 25 trimmed existing stakes and 30 added.
The largest buyer was Advisors Asset Management, adding an estimated $3.07M. The largest seller was Global Assets Advisory, exiting entirely with an estimated $11M sold.
- 78 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q2 2024, down from 84 in Q1 2024.
- Funds reported $161M of Virtus Equity & Convertible Income Fund stock for Q2 2024, down 7.9% quarter-over-quarter.
- 5 funds opened new Virtus Equity & Convertible Income Fund positions in Q2 2024 and 9 closed out, a net change of -4 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q2 2024 was Advisors Asset Management, an estimated $3.07M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q2 2024 was Global Assets Advisory, an estimated $11M sold.
Based on aggregated 13F filings for Q2 2024.