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NIE

Virtus Equity & Convertible Income Fund

Name Holding Trade Value Shares
Change
Change in
Stake
AAM
1
Advisors Asset Management
Colorado
$29M +$18.6M +964,344 +184%
RCM
2
Rivernorth Capital Management
Florida
$12.2M +$3.4M +176,409 +39%
Morgan Stanley
3
Morgan Stanley
New York
$11.7M +$1.93M +99,943 +20%
Wells Fargo
4
Wells Fargo
California
$11.4M -$1.67M -86,837 -13%
GC
5
Guggenheim Capital
Illinois
$9.89M +$1.85M +96,006 +23%
Invesco
6
Invesco
Georgia
$7.43M +$619K +32,125 +9%
KIM
7
Karpus Investment Management
New York
$6.11M +$6.05M +313,872 New
RVP
8
Relative Value Partners
Illinois
$4.57M -$124K -6,442 -3%
U
9
UBS
Switzerland
$3.51M +$2.65M +137,815 +324%
LPL Financial
10
LPL Financial
California
$2.24M +$400K +20,769 +22%
CAN
11
Cetera Advisor Networks
California
$2.16M +$312K +16,181 +17%
Royal Bank of Canada
12
Royal Bank of Canada
Ontario, Canada
$2.1M +$468K +24,289 +29%
BNP Paribas Financial Markets
13
BNP Paribas Financial Markets
France
$1.92M +$1.87M +96,810 New
OC
14
Oppenheimer & Co
New York
$1.7M +$60.1K +3,119 +4%
Bank of America
15
Bank of America
North Carolina
$1.51M +$243K +12,591 +19%
SG Americas Securities
16
SG Americas Securities
New York
$1.47M -$598K -31,039 -29%
CA
17
Cornerstone Advisors
North Carolina
$1.38M -$30.7K -1,594 -2%
GEM
18
Global Endowment Management
North Carolina
$1.26M +$25.5K +1,322 +2%
RJA
19
Raymond James & Associates
Florida
$1.22M -$11.2K -580 -0.9%
SFS
20
Shaker Financial Services
Virginia
$1.19M +$1.18M +61,383 New
RCM
21
Robinson Capital Management
Michigan
$1.18M -$171K -8,859 -13%
TJHA
22
Thomas J. Herzfeld Advisors
Florida
$1.05M +$518K +26,899 +100%
RIL
23
Rothschild Investment LLC
Illinois
$764K +$116K +6,046 +18%
1CP
24
1607 Capital Partners
Virginia
$597K +$591K +30,700 New
RJFSA
25
Raymond James Financial Services Advisors
Florida
$553K +$231K +11,979 +73%