FIRST TRUST PORTFOLIOS LP Amends Virtus Diversified Income Fund Stake
Ticker: ACV · Form: SC 13G/A · Filed: Feb 7, 2024 · CIK: 1636289
| Field | Detail |
|---|---|
| Company | Virtus Diversified Income & Convertible Fund (ACV) |
| Form Type | SC 13G/A |
| Filed Date | Feb 7, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, fund-holdings
TL;DR
**First Trust Portfolios LP updated its ownership in Virtus Diversified Income & Convertible Fund as of year-end 2023.**
AI Summary
FIRST TRUST PORTFOLIOS LP, an investment adviser based in Wheaton, IL, filed an amended Schedule 13G/A on February 7, 2024, indicating its ownership of common stock in Virtus Diversified Income & Convertible Fund. As of December 31, 2023, this filing updates their previous disclosures, showing a change in their beneficial ownership. This matters to investors because it provides transparency into significant institutional holdings, which can influence stock liquidity and investor sentiment for the Virtus Diversified Income & Convertible Fund.
Why It Matters
This filing updates the public record on a major institutional investor's stake, offering insight into their current position and potential future actions regarding the fund.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor, indicating transparency rather than immediate risk.
Analyst Insight
Investors should note that a major institutional holder, FIRST TRUST PORTFOLIOS LP, has updated its position. While this filing doesn't disclose the exact change in share count, it confirms their continued involvement. Smart investors might monitor subsequent filings for specific changes in ownership percentage to gauge institutional sentiment and potential impact on the fund's liquidity.
Key Numbers
- 92840N100 — CUSIP Number (identifies the common stock of Virtus Diversified Income & Convertible Fund)
- 0001184765 — FIRST TRUST PORTFOLIOS LP CIK (unique identifier for the reporting entity)
- 0001636289 — Virtus Diversified Income & Convertible Fund CIK (unique identifier for the subject company)
Key Players & Entities
- FIRST TRUST PORTFOLIOS LP (company) — the reporting person and institutional investor
- Virtus Diversified Income & Convertible Fund (company) — the subject company whose shares are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- February 7, 2024 (date) — the filing date of the SC 13G/A
- Wheaton, IL (company) — business location of FIRST TRUST PORTFOLIOS LP
Forward-Looking Statements
- FIRST TRUST PORTFOLIOS LP will maintain a significant stake in Virtus Diversified Income & Convertible Fund. (FIRST TRUST PORTFOLIOS LP) — medium confidence, target: Q2 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is FIRST TRUST PORTFOLIOS LP, an institutional investor based in Wheaton, IL.
What is the subject company of this filing?
The subject company is Virtus Diversified Income & Convertible Fund, whose common stock is being reported.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires filing of this statement was December 31, 2023.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the common stock of Virtus Diversified Income & Convertible Fund is 92840N100.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 7, 2024 regarding Virtus Diversified Income & Convertible Fund (ACV).