Virtus Equity & Convertible Income Fund
NIE
59 hedge funds and large institutions have $114M invested in Virtus Equity & Convertible Income Fund in 2019 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 23 increasing their positions, 17 reducing their positions, and 6 closing their positions.
35% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 17
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.42% less ownership
Funds ownership: 19.48% → 19.06% (-0.42%)
3% less capital invested
Capital invested by funds: $117M → $114M (-$2.98M)
5% less funds holding
Funds holding: 62 → 59 (-3)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$441K |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$368K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$218K |
| 4 |
WS
Wedbush Securities
Los Angeles,
California
|
+$212K |
| 5 |
GLLW
Graves Light Lenhart Wealth
Harrisonburg,
Virginia
|
+$206K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.3M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.2M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$384K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$303K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$303K |
NIE Hedge Fund Activity: Q3 2019 in Review
59 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q3 2019, worth a combined $114M — down 2.5% from $117M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of NIE and 3 opened new positions — a net loss of 3 holders — while 17 trimmed existing stakes and 23 added.
The largest buyer was Morgan Stanley, adding an estimated $441K. The largest seller was Advisors Asset Management, cutting an estimated $1.3M.
- 59 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q3 2019, down from 62 in Q2 2019.
- Funds reported $114M of Virtus Equity & Convertible Income Fund stock for Q3 2019, down 2.5% quarter-over-quarter.
- 3 funds opened new Virtus Equity & Convertible Income Fund positions in Q3 2019 and 6 closed out, a net change of -3 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q3 2019 was Morgan Stanley, an estimated $441K added.
- The largest Virtus Equity & Convertible Income Fund seller in Q3 2019 was Advisors Asset Management, an estimated $1.3M sold.
Based on aggregated 13F filings for Q3 2019.