Virtus Equity & Convertible Income Fund
NIE
71 hedge funds and large institutions have $143M invested in Virtus Equity & Convertible Income Fund in 2023 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 26 increasing their positions, 20 reducing their positions, and 8 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 20
1.95% more ownership
Funds ownership: 24% → 25.95% (+2%)
2% more capital invested
Capital invested by funds: $141M → $143M (+$2.37M)
4% less funds holding
Funds holding: 74 → 71 (-3)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$7.53M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.79M |
| 3 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$948K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$926K |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$884K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$872K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$840K |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$578K |
| 4 |
PIWA
Prevail Innovative Wealth Advisors
Leawood,
Kansas
|
-$306K |
| 5 |
XF
XML Financial
Bethesda,
Maryland
|
-$246K |
NIE Hedge Fund Activity: Q3 2023 in Review
71 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q3 2023, worth a combined $143M — up 1.7% from $141M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of NIE and 5 opened new positions — a net loss of 3 holders — while 20 trimmed existing stakes and 26 added.
The largest buyer was Wealth Enhancement Advisory Services, opening a new position worth an estimated $7.53M. The largest seller was Wells Fargo, cutting an estimated $872K.
- 71 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q3 2023, down from 74 in Q2 2023.
- Funds reported $143M of Virtus Equity & Convertible Income Fund stock for Q3 2023, up 1.7% quarter-over-quarter.
- 5 funds opened new Virtus Equity & Convertible Income Fund positions in Q3 2023 and 8 closed out, a net change of -3 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q3 2023 was Wealth Enhancement Advisory Services, an estimated $7.53M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q3 2023 was Wells Fargo, an estimated $872K sold.
Based on aggregated 13F filings for Q3 2023.