Virtus Equity & Convertible Income Fund
NIE
72 hedge funds and large institutions have $199M invested in Virtus Equity & Convertible Income Fund in 2021 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 26 increasing their positions, 20 reducing their positions, and 10 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 20
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.09% less ownership
Funds ownership: 24.5% → 24.41% (-0.09%)
3% less capital invested
Capital invested by funds: $205M → $199M (-$5.94M)
6% less funds holding
Funds holding: 77 → 72 (-5)
40% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$2.68M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$2.06M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.24M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$676K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$624K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$5.43M |
| 2 |
ACM
Anfield Capital Management
Irvine,
California
|
-$1.84M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$826K |
| 4 |
FF
FourThought Financial
Venice,
Florida
|
-$719K |
| 5 |
LPL Financial
San Diego,
California
|
-$442K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VVP
76
Venture Visionary Partners
Sylvania,
Ohio
| – | -$203K | -6,714 | Closed |
|
|
PB
77
Pinnacle Bancorp
Beatrice,
Nebraska
| – | -$81K | -2,663 | Closed |
|
|
CFD
78
Creative Financial Designs
Kokomo,
Indiana
| – | -$17K | -550 | Closed |
|
|
WP
79
WealthShield Partners
Cary,
North Carolina
| – | -$13K | -434 | Closed |
|
80
Citigroup
New York
| – | -$12K | -400 | Closed |
|
|
TRCT
81
Tower Research Capital (TRC)
New York
| – | +$243 | +8 | New |
|
NIE Hedge Fund Activity: Q3 2021 in Review
72 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q3 2021, worth a combined $199M — down 2.9% from $205M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of NIE and 6 opened new positions — a net loss of 4 holders — while 20 trimmed existing stakes and 26 added.
The largest buyer was Wells Fargo, adding an estimated $2.68M. The largest seller was Karpus Investment Management, cutting an estimated $5.43M.
- 72 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q3 2021, down from 77 in Q2 2021.
- Funds reported $199M of Virtus Equity & Convertible Income Fund stock for Q3 2021, down 2.9% quarter-over-quarter.
- 6 funds opened new Virtus Equity & Convertible Income Fund positions in Q3 2021 and 10 closed out, a net change of -4 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q3 2021 was Wells Fargo, an estimated $2.68M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q3 2021 was Karpus Investment Management, an estimated $5.43M sold.
Based on aggregated 13F filings for Q3 2021.