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 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HCM
76
Hollencrest Capital Management
Newport Beach,
California
| $1.53K | – | – | – |
|
77
Fidelity Investments
Boston,
Massachusetts
| $116 | +$112 | +5 | New |
|
|
CA
78
CoreCap Advisors
Southfield,
Michigan
| $99 | – | – | – |
|
|
GAA
79
Global Assets Advisory
Orlando,
Florida
| – | -$11M | -246,400 | Closed |
|
|
BKA
80
Brick & Kyle Associates
Newtown,
Pennsylvania
| – | -$1.26M | -56,389 | Closed |
|
|
KFGK
81
Keystone Financial Group (Kentucky)
Lexington,
Kentucky
| – | -$950K | -42,414 | Closed |
|
|
SFS
82
Shaker Financial Services
Arlington,
Virginia
| – | -$873K | -38,974 | Closed |
|
83
Walleye Capital
New York
| – | -$836K | -37,349 | Closed |
|
84
Cohen & Steers
New York
| – | -$585K | -26,127 | Closed |
|
|
SP
85
Stonebrook Private
Northville,
Michigan
| – | -$471K | -21,028 | Closed |
|
|
FFWM
86
Future Financial Wealth Management
Cincinnati,
Ohio
| – | -$22.4K | -1,000 | Closed |
|
|
SN
87
Sittner & Nelson
Eugene,
Oregon
| – | -$336 | -15 | Closed |
|
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.