Virtus Equity & Convertible Income Fund
NIE
82 hedge funds and large institutions have $160M invested in Virtus Equity & Convertible Income Fund in 2024 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 33 increasing their positions, 23 reducing their positions, and 5 closing their positions.
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
43% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 23
5% more funds holding
Funds holding: 78 → 82 (+4)
1.05% more ownership
Funds ownership: 25.1% → 26.15% (+1%)
1% less capital invested
Capital invested by funds: $161M → $160M (-$1.32M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
+$6.29M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.67M |
| 3 |
KFGK
Keystone Financial Group (Kentucky)
Lexington,
Kentucky
|
+$909K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$822K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$550K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AF
Allworth Financial
Folsom,
California
|
-$2.62M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.06M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$929K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$871K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$858K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PWA
76
Provenance Wealth Advisors
Fort Lauderdale,
Florida
| $6.24K | +$6.14K | +271 | New |
|
|
SFCL
77
Strengthening Families & Communities LLC
Boston,
Massachusetts
| $6.16K | +$136 | +6 | +2% |
|
|
GWM
78
Geneos Wealth Management
Englewood,
Colorado
| $3.48K | +$23 | +1 | +0.7% |
|
|
PS
79
Principal Securities
Des Moines,
Iowa
| $2.35K | – | – | – |
|
|
CWM
80
Cedar Wealth Management
Walnut Creek,
California
| $1.82K | -$31.5K | -1,390 | -95% |
|
|
HCM
81
Hollencrest Capital Management
Newport Beach,
California
| $1.52K | – | – | – |
|
|
CA
82
CoreCap Advisors
Southfield,
Michigan
| $100 | – | – | – |
|
|
SWM
83
Silverlake Wealth Management
Williston,
Vermont
| – | -$216K | -9,313 | Closed |
|
|
LIA
84
Luken Investment Analytics
Brentwood,
Tennessee
| – | -$27.4K | -1,177 | Closed |
|
|
VAG
85
VisionPoint Advisory Group
Dallas,
Texas
| – | -$4.65K | -200 | Closed |
|
|
GLR
86
Great Lakes Retirement
Sandusky,
Ohio
| – | -$4.3K | -185 | Closed |
|
87
Fidelity Investments
Boston,
Massachusetts
| – | -$116 | -5 | Closed |
|
NIE Hedge Fund Activity: Q3 2024 in Review
82 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q3 2024, worth a combined $160M — down 0.82% from $161M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new NIE positions and 5 closed out — a net gain of 6 holders — while 33 added to existing stakes and 23 trimmed.
The largest buyer was International Assets Investment Management, adding an estimated $6.29M. The largest seller was Allworth Financial, cutting an estimated $2.62M.
- 82 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q3 2024, up from 78 in Q2 2024.
- Funds reported $160M of Virtus Equity & Convertible Income Fund stock for Q3 2024, down 0.82% quarter-over-quarter.
- 11 funds opened new Virtus Equity & Convertible Income Fund positions in Q3 2024 and 5 closed out, a net change of +6 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q3 2024 was International Assets Investment Management, an estimated $6.29M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q3 2024 was Allworth Financial, an estimated $2.62M sold.
Based on aggregated 13F filings for Q3 2024.