Virtus Equity & Convertible Income Fund
NIE
82 hedge funds and large institutions have $160M invested in Virtus Equity & Convertible Income Fund in 2024 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 32 increasing their positions, 24 reducing their positions, and 5 closing their positions.
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
33% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 24
5% more funds holding
Funds holding: 78 → 82 (+4)
0.04% more ownership
Funds ownership: 25.1% → 25.15% (+0.04%)
1% less capital invested
Capital invested by funds: $161M → $160M (-$1.04M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.67M |
| 2 |
KFGK
Keystone Financial Group (Kentucky)
Lexington,
Kentucky
|
+$909K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$822K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$550K |
| 5 |
BKA
Brick & Kyle Associates
Newtown,
Pennsylvania
|
+$546K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AF
Allworth Financial
Folsom,
California
|
-$2.62M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.06M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$929K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$871K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$858K |
NIE Hedge Fund Activity: Q3 2024 in Review
82 of the 6,978 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q3 2024, worth a combined $160M — down 0.64% from $161M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new NIE positions and 5 closed out — a net gain of 6 holders — while 32 added to existing stakes and 24 trimmed.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $1.67M. The largest seller was Allworth Financial, cutting an estimated $2.62M.
- 82 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q3 2024, up from 78 in Q2 2024.
- Funds reported $160M of Virtus Equity & Convertible Income Fund stock for Q3 2024, down 0.64% quarter-over-quarter.
- 11 funds opened new Virtus Equity & Convertible Income Fund positions in Q3 2024 and 5 closed out, a net change of +6 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q3 2024 was Wolverine Asset Management, an estimated $1.67M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q3 2024 was Allworth Financial, an estimated $2.62M sold.
Based on aggregated 13F filings for Q3 2024.