Virtus Equity & Convertible Income Fund
NIE
64 hedge funds and large institutions have $123M invested in Virtus Equity & Convertible Income Fund in 2019 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 18 increasing their positions, 19 reducing their positions, and 2 closing their positions.
300% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 2
8% more funds holding
Funds holding: 59 → 64 (+5)
8% more capital invested
Capital invested by funds: $114M → $123M (+$8.79M)
0.5% more ownership
Funds ownership: 19.06% → 19.55% (+0.5%)
5% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 19
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$4.09M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.29M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.86M |
| 4 |
Truist Financial
Charlotte,
North Carolina
|
+$642K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$569K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.56M |
| 2 |
Morgan Stanley
New York
|
-$1.76M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.55M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.52M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$777K |
NIE Hedge Fund Activity: Q4 2019 in Review
64 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q4 2019, worth a combined $123M — up 7.7% from $114M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new NIE positions and 2 closed out — a net gain of 6 holders — while 18 added to existing stakes and 19 trimmed.
The largest buyer was Cohen & Steers, opening a new position worth an estimated $4.09M. The largest seller was Advisors Asset Management, cutting an estimated $2.56M.
- 64 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q4 2019, up from 59 in Q3 2019.
- Funds reported $123M of Virtus Equity & Convertible Income Fund stock for Q4 2019, up 7.7% quarter-over-quarter.
- 8 funds opened new Virtus Equity & Convertible Income Fund positions in Q4 2019 and 2 closed out, a net change of +6 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q4 2019 was Cohen & Steers, an estimated $4.09M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q4 2019 was Advisors Asset Management, an estimated $2.56M sold.
Based on aggregated 13F filings for Q4 2019.