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NIE

Virtus Equity & Convertible Income Fund

Name Holding Trade Value Shares
Change
Change in
Stake
Wells Fargo
1
Wells Fargo
California
$23.9M +$3.74M +178,071 +20%
AAM
2
Advisors Asset Management
Colorado
$20M -$1.33M -63,437 -7%
KIM
3
Karpus Investment Management
New York
$18.3M +$385K +18,334 +2%
Morgan Stanley
4
Morgan Stanley
New York
$16.1M +$2.93M +139,592 +24%
GC
5
Guggenheim Capital
Illinois
$11.2M -$3.12M -148,554 -23%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$6.55M +$317K +15,098 +5%
UBS Group
7
UBS Group
Switzerland
$6.44M -$321K -15,287 -5%
Cohen & Steers
8
Cohen & Steers
New York
$5.38M +$1.08M +51,538 +27%
Invesco
9
Invesco
Georgia
$3.85M -$96.9K -4,613 -3%
SDWIA
10
Schwarz Dygos Wheeler Investment Advisors
Minnesota
$3.45M +$264K +12,591 +9%
Osaic Holdings
11
Osaic Holdings
Arizona
$2.69M +$141K +6,697 +6%
RJA
12
Raymond James & Associates
Florida
$2.4M +$50.9K +2,425 +2%
XF
13
XML Financial
Maryland
$2.25M +$312K +14,857 +17%
Stifel Financial
14
Stifel Financial
Missouri
$2M -$56.9K -2,710 -3%
GEM
15
Global Endowment Management
North Carolina
$1.35M
KFGK
16
Keystone Financial Group (Kentucky)
Kentucky
$908K +$777 +37 +0.1%
Cambridge Investment Research Advisors
17
Cambridge Investment Research Advisors
Iowa
$886K +$61.8K +2,942 +8%
RJFSA
18
Raymond James Financial Services Advisors
Florida
$868K +$189K +9,007 +30%
BKA
19
Brick & Kyle Associates
Pennsylvania
$858K +$249K +11,868 +44%
RIL
20
Rothschild Investment LLC
Illinois
$813K
TC
21
Telemus Capital
Michigan
$780K +$21K +1,000 +3%
Thrivent Financial for Lutherans
22
Thrivent Financial for Lutherans
Minnesota
$745K +$696K +33,150 New
AA
23
AQR Arbitrage
Connecticut
$719K +$423K +20,123 +170%
SPIA
24
Steward Partners Investment Advisory
New York
$624K -$33.4K -1,588 -5%
UCFA
25
United Capital Financial Advisors
Texas
$616K -$186K -8,834 -24%