Virtus Equity & Convertible Income Fund
NIE
72 hedge funds and large institutions have $133M invested in Virtus Equity & Convertible Income Fund in 2022 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 26 increasing their positions, 22 reducing their positions, and 9 closing their positions.
18% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 22
0.1% more ownership
Funds ownership: 23.59% → 23.69% (+0.1%)
1% less capital invested
Capital invested by funds: $135M → $133M (-$2.01M)
4% less funds holding
Funds holding: 75 → 72 (-3)
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$7.38M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.7M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$939K |
| 4 |
SC
Stolper & Co
Tulsa,
Oklahoma
|
+$664K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$610K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$2.72M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$2.22M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.92M |
| 4 |
Morgan Stanley
New York
|
-$1.69M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.35M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HWAM
76
Hennion & Walsh Asset Management
Parsippany,
New Jersey
| – | -$222K | -10,710 | Closed |
|
|
GLLW
77
Graves Light Lenhart Wealth
Harrisonburg,
Virginia
| – | -$196K | -9,448 | Closed |
|
|
VVP
78
Venture Visionary Partners
Sylvania,
Ohio
| – | -$139K | -6,714 | Closed |
|
|
FBC
79
Fairfield, Bush & Co
Darien,
Connecticut
| – | -$5K | -250 | Closed |
|
80
JP Morgan Chase
New York
| – | -$1K | -32 | Closed |
|
|
EWA
81
EverSource Wealth Advisors
Birmingham,
Alabama
| – | +$267 | +12 | New |
|
NIE Hedge Fund Activity: Q3 2022 in Review
72 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q3 2022, worth a combined $133M — down 1.5% from $135M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of NIE and 6 opened new positions — a net loss of 3 holders — while 22 trimmed existing stakes and 26 added.
The largest buyer was Allspring Global Investments, adding an estimated $7.38M. The largest seller was Cornerstone Advisors, cutting an estimated $2.72M.
- 72 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q3 2022, down from 75 in Q2 2022.
- Funds reported $133M of Virtus Equity & Convertible Income Fund stock for Q3 2022, down 1.5% quarter-over-quarter.
- 6 funds opened new Virtus Equity & Convertible Income Fund positions in Q3 2022 and 9 closed out, a net change of -3 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q3 2022 was Allspring Global Investments, an estimated $7.38M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q3 2022 was Cornerstone Advisors, an estimated $2.72M sold.
Based on aggregated 13F filings for Q3 2022.