Vanguard Group Updates 10.9% Stake in Virtus Investment Partners

TL;DR

**Vanguard still owns 10.9% of Virtus Investment Partners as of Dec 29, 2023.**

AI Summary

The Vanguard Group, a major investment firm, filed an amendment (SC 13G/A) on February 13, 2024, updating its ownership stake in Virtus Investment Partners Inc. As of December 29, 2023, Vanguard reported beneficial ownership of 778,565 shares of Virtus's Common Stock, representing 10.9% of the company. This is an update to their previous filing, indicating a change in their holdings. This matters to investors because Vanguard is a significant institutional holder, and changes in their position can signal their confidence (or lack thereof) in Virtus's future performance.

Why It Matters

This filing shows that a major institutional investor, Vanguard, continues to hold a substantial portion of Virtus Investment Partners, signaling their ongoing belief in the company's value. Large institutional ownership can provide stability but also means significant selling could impact share price.

Risk Assessment

Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and risk for the stock.

Analyst Insight

An investor should note Vanguard's continued significant stake as a sign of institutional confidence, but also monitor future filings for any substantial changes in their position, which could signal a shift in sentiment.

Key Numbers

• 778,565 — Shares Beneficially Owned (The total number of Virtus Investment Partners shares Vanguard Group holds.)
• 10.9% — Percentage of Class (The proportion of Virtus Investment Partners' common stock owned by Vanguard Group.)
• December 29, 2023 — Date of Event (The specific date on which Vanguard's ownership stake was measured for this filing.)

Key Players & Entities

• Vanguard Group Inc (company) — the reporting person, a major investment firm
• Virtus Investment Partners Inc (company) — the subject company whose securities are being reported
• 778,565 (dollar_amount) — number of shares beneficially owned by Vanguard
• 10.9% (dollar_amount) — percentage of class beneficially owned by Vanguard
• December 29, 2023 (date) — the date of the event requiring this filing

Forward-Looking Statements

• Vanguard will maintain a significant stake in Virtus Investment Partners throughout 2024. (Vanguard Group Inc) — high confidence, target: 2024-12-31
• Virtus Investment Partners' stock price will remain relatively stable due to large institutional ownership. (Virtus Investment Partners Inc) — medium confidence, target: 2024-06-30

FAQ

Filing Documents

• tv02229-virtusinvestmentpart.htm (SC 13G/A) — 11KB
• 0001104659-24-022253.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Virtus Investment Partners Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 1 Financial Plaza Hartford, CT 06103

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 92828Q109

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR