Virtus Equity & Convertible Income Fund
NIE
63 hedge funds and large institutions have $154M invested in Virtus Equity & Convertible Income Fund in 2020 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 23 increasing their positions, 17 reducing their positions, and 10 closing their positions.
35% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 17
9% more capital invested
Capital invested by funds: $141M → $154M (+$12.6M)
0.21% more ownership
Funds ownership: 22.64% → 22.85% (+0.21%)
3% less funds holding
Funds holding: 65 → 63 (-2)
20% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$2.32M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.56M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.13M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$590K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$517K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.91M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.93M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$770K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$734K |
| 5 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$616K |
NIE Hedge Fund Activity: Q3 2020 in Review
63 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q3 2020, worth a combined $154M — up 8.9% from $141M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of NIE and 8 opened new positions — a net loss of 2 holders — while 17 trimmed existing stakes and 23 added.
The largest buyer was Raymond James & Associates, adding an estimated $2.32M. The largest seller was Morgan Stanley, cutting an estimated $2.91M.
- 63 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q3 2020, down from 65 in Q2 2020.
- Funds reported $154M of Virtus Equity & Convertible Income Fund stock for Q3 2020, up 8.9% quarter-over-quarter.
- 8 funds opened new Virtus Equity & Convertible Income Fund positions in Q3 2020 and 10 closed out, a net change of -2 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q3 2020 was Raymond James & Associates, an estimated $2.32M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q3 2020 was Morgan Stanley, an estimated $2.91M sold.
Based on aggregated 13F filings for Q3 2020.