Virtus Equity & Convertible Income Fund
NIE
56 hedge funds and large institutions have $118M invested in Virtus Equity & Convertible Income Fund in 2019 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 21 increasing their positions, 17 reducing their positions, and 12 closing their positions.
24% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 17
11% more capital invested
Capital invested by funds: $106M → $118M (+$12.2M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.82% less ownership
Funds ownership: 20.66% → 19.84% (-0.82%)
13% less funds holding
Funds holding: 64 → 56 (-8)
67% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$824K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$570K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$558K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$267K |
| 5 |
DC
Davenport & Co
Richmond,
Virginia
|
+$243K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.93M |
| 2 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
-$931K |
| 3 |
GFP
Gryphon Financial Partners
Columbus,
Ohio
|
-$762K |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$730K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$484K |
NIE Hedge Fund Activity: Q1 2019 in Review
56 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q1 2019, worth a combined $118M — up 11% from $106M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of NIE and 4 opened new positions — a net loss of 8 holders — while 17 trimmed existing stakes and 21 added.
The largest buyer was Wells Fargo, adding an estimated $824K. The largest seller was Morgan Stanley, cutting an estimated $1.93M.
- 56 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q1 2019, down from 64 in Q4 2018.
- Funds reported $118M of Virtus Equity & Convertible Income Fund stock for Q1 2019, up 11% quarter-over-quarter.
- 4 funds opened new Virtus Equity & Convertible Income Fund positions in Q1 2019 and 12 closed out, a net change of -8 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q1 2019 was Wells Fargo, an estimated $824K added.
- The largest Virtus Equity & Convertible Income Fund seller in Q1 2019 was Morgan Stanley, an estimated $1.93M sold.
Based on aggregated 13F filings for Q1 2019.