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NIE

Virtus Equity & Convertible Income Fund
NIE

84 hedge funds and large institutions have $175M invested in Virtus Equity & Convertible Income Fund in 2024 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 27 increasing their positions, 30 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 6

9% more capital invested

Capital invested by funds: $161M → $175M (+$13.9M)

2% more funds holding

Funds holding: 82 → 84 (+2)

0.45% less ownership

Funds ownership: 27.85% → 27.4% (-0.45%)

10% less repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 30

Holders
84
Holders Change
+2
Holders Change %
+2.44%
% of All Funds
1.21%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
27
Reduced
30
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GAA
Global Assets Advisory
Florida
+$5.11M
2
Bank of America
Bank of America
North Carolina
+$2.85M
3
AAM
Advisors Asset Management
Colorado
+$2.41M
4
CA
Cornerstone Advisors
North Carolina
+$1.8M
5
SFS
Shaker Financial Services
Virginia
+$845K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$10.2M
2
RJFSA
Raymond James Financial Services Advisors
Florida
-$2.02M
3
RJA
Raymond James & Associates
Florida
-$1.69M
4
Allspring Global Investments
Allspring Global Investments
North Carolina
-$1.02M
5
Cohen & Steers
Cohen & Steers
New York
-$651K
Name Holding Trade Value Shares
Change 		Change in
Stake
WIM
76
Westside Investment Management
California
$7.84K – – –
BFEC
77
Benjamin F. Edwards & Company
Missouri
$6K – – –
SFCL
78
Strengthening Families & Communities LLC
Massachusetts
$6K +$130 +6 +2%
VAG
79
VisionPoint Advisory Group
Texas
$4.48K – – –
GWM
80
Geneos Wealth Management
Colorado
$3.36K – – –
PS
81
Principal Securities
Iowa
$2.28K – – –
HCM
82
Hollencrest Capital Management
California
$1.48K – – –
SN
83
Sittner & Nelson
Oregon
$336 +$325 +15 New
CA
84
CoreCap Advisors
Michigan
$94 +$87 +4 New
WAM
85
Wolverine Asset Management
Illinois
– -$431K -20,624 Closed
WAM
86
Weiss Asset Management
Massachusetts
– -$417K -19,949 Closed
AWM
87
AE Wealth Management
Kansas
– -$286K -13,361 Closed
ARC
88
Advisor Resource Council
Texas
– -$208K -9,950 Closed
ASN
89
Advisory Services Network
Georgia
– -$25K -1,196 Closed
FBC
90
Fairfield, Bush & Co
Connecticut
– -$5.23K -250 Closed
1 2 3
4

NIE Hedge Fund Activity: Q1 2024 in Review

84 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q1 2024, worth a combined $175M — up 8.6% from $161M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new NIE positions and 6 closed out — a net gain of 2 holders — while 27 added to existing stakes and 30 trimmed.

The largest buyer was Global Assets Advisory, adding an estimated $5.11M. The largest seller was Morgan Stanley, cutting an estimated $10.2M.

  • 84 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q1 2024, up from 82 in Q4 2023.
  • Funds reported $175M of Virtus Equity & Convertible Income Fund stock for Q1 2024, up 8.6% quarter-over-quarter.
  • 8 funds opened new Virtus Equity & Convertible Income Fund positions in Q1 2024 and 6 closed out, a net change of +2 holders.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q1 2024 was Global Assets Advisory, an estimated $5.11M added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q1 2024 was Morgan Stanley, an estimated $10.2M sold.

Based on aggregated 13F filings for Q1 2024.