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NIE

Virtus Equity & Convertible Income Fund

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.

New
Increased
Maintained
Reduced
Closed

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: 8284 (+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

Holders
84
Holders Change
+2
Holders Change %
+2.44%
% of All Funds
1.21%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
8
Increased
27
Reduced
30
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Wells Fargo
1
Wells Fargo
California
$22.1M +$347K +16,018 +2%
AAM
2
Advisors Asset Management
Colorado
$17.8M +$2.41M +110,918 +16%
Morgan Stanley
3
Morgan Stanley
New York
$11.7M -$10.2M -472,357 -47%
GC
4
Guggenheim Capital
Illinois
$11.6M -$42K -1,935 -0.4%
GAA
5
Global Assets Advisory
Florida
$11M +$5.11M +235,400 +2,140%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$10M +$152K +7,003 +2%
Wealth Enhancement Advisory Services
7
Wealth Enhancement Advisory Services
Minnesota
$8.44M +$234K +10,786 +3%
Bank of America
8
Bank of America
North Carolina
$6.77M +$2.85M +131,214 +77%
Allspring Global Investments
9
Allspring Global Investments
North Carolina
$6.69M -$1.02M -47,000 -14%
AF
10
Allworth Financial
California
$6.38M -$302K -13,946 -5%
RJFSA
11
Raymond James Financial Services Advisors
Florida
$5.91M -$2.02M -93,179 -26%
RJA
12
Raymond James & Associates
Florida
$5.39M -$1.69M -78,026 -24%
UBS Group
13
UBS Group
Switzerland
$4.75M -$629K -28,987 -12%
SDWIA
14
Schwarz Dygos Wheeler Investment Advisors
Minnesota
$4.68M +$198K +9,148 +5%
CA
15
Cornerstone Advisors
North Carolina
$4.2M +$1.8M +83,173 +80%
Osaic Holdings
16
Osaic Holdings
Arizona
$2.81M -$116K -5,366 -4%
Cambridge Investment Research Advisors
17
Cambridge Investment Research Advisors
Iowa
$2.11M +$4.47K +206 +0.2%
LPL Financial
18
LPL Financial
California
$2.05M -$38K -1,753 -2%
IWC
19
Integrated Wealth Concepts
Massachusetts
$1.75M -$130K -5,992 -7%
LCM
20
Landscape Capital Management
New Jersey
$1.69M +$351K +16,190 +27%
Invesco
21
Invesco
Georgia
$1.67M +$608K +28,030 +60%
Ameriprise
22
Ameriprise
Minnesota
$1.64M -$612K -28,201 -28%
BRWA
23
B. Riley Wealth Advisors
Florida
$1.49M -$77.5K -3,574 -5%
CIA
24
Capital Investment Advisors
Georgia
$1.45M +$164K +7,550 +13%
GEM
25
Global Endowment Management
North Carolina
$1.34M

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.