Virtus Equity & Convertible Income Fund
NIE
84 hedge funds and large institutions have $175M invested in Virtus Equity & Convertible Income Fund in 2024 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 27 increasing their positions, 30 reducing their positions, and 6 closing their positions.
33% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 6
9% more capital invested
Capital invested by funds: $161M → $175M (+$13.9M)
2% more funds holding
Funds holding: 82 → 84 (+2)
0.45% less ownership
Funds ownership: 27.85% → 27.4% (-0.45%)
10% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 30
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GAA
Global Assets Advisory
Orlando,
Florida
|
+$5.11M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$2.85M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.41M |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$1.8M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$845K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$10.2M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$2.02M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.69M |
| 4 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$1.02M |
| 5 |
Cohen & Steers
New York
|
-$651K |
NIE Hedge Fund Activity: Q1 2024 in Review
84 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q1 2024, worth a combined $175M — up 8.6% from $161M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new NIE positions and 6 closed out — a net gain of 2 holders — while 27 added to existing stakes and 30 trimmed.
The largest buyer was Global Assets Advisory, adding an estimated $5.11M. The largest seller was Morgan Stanley, cutting an estimated $10.2M.
- 84 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q1 2024, up from 82 in Q4 2023.
- Funds reported $175M of Virtus Equity & Convertible Income Fund stock for Q1 2024, up 8.6% quarter-over-quarter.
- 8 funds opened new Virtus Equity & Convertible Income Fund positions in Q1 2024 and 6 closed out, a net change of +2 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q1 2024 was Global Assets Advisory, an estimated $5.11M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q1 2024 was Morgan Stanley, an estimated $10.2M sold.
Based on aggregated 13F filings for Q1 2024.