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NIE

Virtus Equity & Convertible Income Fund

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.

New
Increased
Maintained
Reduced
Closed

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: 7471 (-3)

38% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 8

Holders
71
Holders Change
-3
Holders Change %
-4.05%
% of All Funds
1.13%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
5
Increased
26
Reduced
20
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Wells Fargo
1
Wells Fargo
California
$24.1M -$872K -41,585 -3%
AAM
2
Advisors Asset Management
Colorado
$11.5M +$2.79M +132,872 +30%
GC
3
Guggenheim Capital
Illinois
$9.74M +$668K +31,859 +7%
Morgan Stanley
4
Morgan Stanley
New York
$9.23M -$231K -11,002 -2%
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$8.65M +$164K +7,800 +2%
Wealth Enhancement Advisory Services
6
Wealth Enhancement Advisory Services
Minnesota
$7.15M +$7.53M +359,295 New
RJFSA
7
Raymond James Financial Services Advisors
Florida
$7.1M -$114K -5,454 -2%
RJA
8
Raymond James & Associates
Florida
$6.58M -$840K -40,070 -11%
Allspring Global Investments
9
Allspring Global Investments
North Carolina
$6.49M -$578K -27,588 -8%
Bank of America
10
Bank of America
North Carolina
$6.32M +$554K +26,418 +9%
AF
11
Allworth Financial
California
$6.13M -$204K -9,730 -3%
UBS Group
12
UBS Group
Switzerland
$4.86M +$153K +7,316 +3%
SDWIA
13
Schwarz Dygos Wheeler Investment Advisors
Minnesota
$4.05M +$126K +5,988 +3%
Osaic Holdings
14
Osaic Holdings
Arizona
$3.57M +$926K +44,151 +33%
Ameriprise
15
Ameriprise
Minnesota
$1.92M +$379K +18,074 +23%
IWC
16
Integrated Wealth Concepts
Massachusetts
$1.8M -$6.54K -312 -0.3%
Cambridge Investment Research Advisors
17
Cambridge Investment Research Advisors
Iowa
$1.79M +$18.6K +888 +1%
BRWA
18
B. Riley Wealth Advisors
Florida
$1.49M -$128K -6,083 -8%
LPL Financial
19
LPL Financial
California
$1.3M -$11K -526 -0.8%
GEM
20
Global Endowment Management
North Carolina
$1.19M
Commonwealth Equity Services
21
Commonwealth Equity Services
Massachusetts
$1.17M -$49.9K -2,382 -4%
Invesco
22
Invesco
Georgia
$1.17M -$189K -9,011 -13%
BKA
23
Brick & Kyle Associates
Pennsylvania
$1.13M +$2.89K +138 +0.2%
Cohen & Steers
24
Cohen & Steers
New York
$1.12M
CA
25
Cornerstone Advisors
North Carolina
$1.03M +$884K +42,152 +439%

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.