Virtus Equity & Convertible Income Fund
NIE
84 hedge funds and large institutions have $165M 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, 29 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: $151M → $165M (+$13.5M)
2% more funds holding
Funds holding: 82 → 84 (+2)
0.49% more ownership
Funds ownership: 26.06% → 26.55% (+0.49%)
7% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 29
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2.85M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.42M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$1.8M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$845K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$608K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$2.02M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.69M |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$1.02M |
| 4 |
Cohen & Steers
New York
|
-$651K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$629K |
NIE Hedge Fund Activity: Q1 2024 in Review
84 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q1 2024, worth a combined $165M — up 9% from $151M 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 29 trimmed.
The largest buyer was Bank of America, adding an estimated $2.85M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $2.02M.
- 84 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q1 2024, up from 82 in Q4 2023.
- Funds reported $165M of Virtus Equity & Convertible Income Fund stock for Q1 2024, up 9% 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 Bank of America, an estimated $2.85M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q1 2024 was Raymond James Financial Services Advisors, an estimated $2.02M sold.
Based on aggregated 13F filings for Q1 2024.