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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
$21.1M +$2.16M +100,181 +11%
GC
2
Guggenheim Capital
Illinois
$16.1M +$1.15M +53,532 +7%
Wells Fargo
3
Wells Fargo
California
$15.5M +$123K +5,714 +0.8%
Morgan Stanley
4
Morgan Stanley
New York
$14.8M -$2.99M -138,572 -16%
UBS Group
5
UBS Group
Switzerland
$5.25M +$206K +9,553 +4%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$3.57M -$69.7K -3,233 -2%
Invesco
7
Invesco
Georgia
$3.16M -$34.1K -1,584 -1%
Bank of America
8
Bank of America
North Carolina
$2.6M +$238K +11,059 +10%
RCM
9
Rivernorth Capital Management
Florida
$2.51M -$2.21M -102,366 -46%
WAM
10
Wolverine Asset Management
Illinois
$2.38M +$2.48M +115,118 New
PPA
11
Parametric Portfolio Associates
Washington
$2.34M +$507K +23,548 +26%
RJA
12
Raymond James & Associates
Florida
$2.16M +$64.6K +2,999 +3%
XS
13
XML Securities
Maryland
$1.83M +$93.6K +4,346 +5%
GEM
14
Global Endowment Management
North Carolina
$1.24M
AG
15
Advisor Group
Arizona
$1.13M -$79.5K -3,692 -6%
TC
16
Telemus Capital
Michigan
$1.04M
MA
17
Mutual Advisors
Nebraska
$746K +$776K +36,040 New
KFGK
18
Keystone Financial Group (Kentucky)
Kentucky
$697K
RIL
19
Rothschild Investment LLC
Illinois
$693K
Stifel Financial
20
Stifel Financial
Missouri
$646K +$672K +31,183 New
RJFSA
21
Raymond James Financial Services Advisors
Florida
$613K +$59.8K +2,778 +10%
LTFS
22
Ladenburg Thalmann Financial Services
Florida
$593K -$792K -36,756 -56%
BTS
23
BB&T Securities
Virginia
$567K -$17.4K -807 -3%
Cambridge Investment Research Advisors
24
Cambridge Investment Research Advisors
Iowa
$518K -$284K -13,184 -34%
BKA
25
Brick & Kyle Associates
Pennsylvania
$488K +$55.5K +2,574 +12%