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NIE

Virtus Equity & Convertible Income Fund

65 hedge funds and large institutions have $141M invested in Virtus Equity & Convertible Income Fund in 2020 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 19 increasing their positions, 20 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more capital invested

Capital invested by funds: $113M → $141M (+$28.6M)

0.84% more ownership

Funds ownership: 21.81%22.64% (+0.84%)

0% more funds holding

Funds holding: 6565 (0)

0% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 9

5% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 20

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
65
Holders Change
Holders Change %
0%
% of All Funds
1.33%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
9
Increased
19
Reduced
20
Closed
9
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Wells Fargo
1
Wells Fargo
California
$23.9M +$3.74M +178,071 +20%
AAM
2
Advisors Asset Management
Colorado
$20M -$1.33M -63,437 -7%
KIM
3
Karpus Investment Management
New York
$18.3M +$385K +18,334 +2%
Morgan Stanley
4
Morgan Stanley
New York
$16.1M +$2.93M +139,592 +24%
GC
5
Guggenheim Capital
Illinois
$11.2M -$3.12M -148,554 -23%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$6.55M +$317K +15,098 +5%
UBS Group
7
UBS Group
Switzerland
$6.44M -$321K -15,287 -5%
Cohen & Steers
8
Cohen & Steers
New York
$5.38M +$1.08M +51,538 +27%
Invesco
9
Invesco
Georgia
$3.85M -$96.9K -4,613 -3%
SDWIA
10
Schwarz Dygos Wheeler Investment Advisors
Minnesota
$3.45M +$264K +12,591 +9%
Osaic Holdings
11
Osaic Holdings
Arizona
$2.69M +$141K +6,697 +6%
RJA
12
Raymond James & Associates
Florida
$2.4M +$50.9K +2,425 +2%
XF
13
XML Financial
Maryland
$2.25M +$312K +14,857 +17%
Stifel Financial
14
Stifel Financial
Missouri
$2M -$56.9K -2,710 -3%
GEM
15
Global Endowment Management
North Carolina
$1.35M
KFGK
16
Keystone Financial Group (Kentucky)
Kentucky
$908K +$777 +37 +0.1%
Cambridge Investment Research Advisors
17
Cambridge Investment Research Advisors
Iowa
$886K +$61.8K +2,942 +8%
RJFSA
18
Raymond James Financial Services Advisors
Florida
$868K +$189K +9,007 +30%
BKA
19
Brick & Kyle Associates
Pennsylvania
$858K +$249K +11,868 +44%
RIL
20
Rothschild Investment LLC
Illinois
$813K
TC
21
Telemus Capital
Michigan
$780K +$21K +1,000 +3%
Thrivent Financial for Lutherans
22
Thrivent Financial for Lutherans
Minnesota
$745K +$696K +33,150 New
AA
23
AQR Arbitrage
Connecticut
$719K +$423K +20,123 +170%
SPIA
24
Steward Partners Investment Advisory
New York
$624K -$33.4K -1,588 -5%
UCFA
25
United Capital Financial Advisors
Texas
$616K -$186K -8,834 -24%

NIE Hedge Fund Activity: Q2 2020 in Review

65 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q2 2020, worth a combined $141M — up 25% from $113M a quarter earlier.

Fund positioning in NIE was balanced in Q2 2020: 9 funds opened new positions, 9 closed out, 19 added to existing stakes and 20 trimmed.

The largest buyer was Wells Fargo, adding an estimated $3.74M. The largest seller was Guggenheim Capital, cutting an estimated $3.12M.

  • 65 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q2 2020, unchanged from Q1 2020.
  • Funds reported $141M of Virtus Equity & Convertible Income Fund stock for Q2 2020, up 25% quarter-over-quarter.
  • 9 funds opened new Virtus Equity & Convertible Income Fund positions in Q2 2020 and 9 closed out, a net change of 0 holders.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q2 2020 was Wells Fargo, an estimated $3.74M added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q2 2020 was Guggenheim Capital, an estimated $3.12M sold.

Based on aggregated 13F filings for Q2 2020.