NIE

Virtus Equity & Convertible Income Fund
NIE

$22.09

1.56%

Market Cap: $612M

About: Virtus AllianzGI Equity & Convertible Income Fund is a diversified, closed-end management investment company. Its investment objective is to seek total return comprised of capital appreciation, current income, and gains. The fund pursues its objective by investing in a diversified portfolio of equity securities and income-producing convertible securities. Its portfolio of investments comprises different sector investments such as aerospace and defense, banks, IT services, software, and others.

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Funds holding %

of 6,710 funds

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Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

20% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 25

4.11% less ownership

Funds ownership: 29.22% [Q1] → 25.1% (-4.11%) [Q2]

6% less funds holding

Funds holding: 83 [Q1] → 78 (-5) [Q2]

13% less capital invested

Capital invested by funds: $187M [Q1] → $161M (-$25.1M) [Q2]

50% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 10

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Research analyst outlook

We haven’t received any recent analyst ratings for NIE.

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Financial journalist opinion

Virtus Equity & Convertible Income Fund Announces Distribution and Discloses Sources of Distribution – Section 19(a) Notice

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Equity & Convertible Income Fund (NYSE: NIE) today announced the following quarterly distribution: Ticker Amount of Distribution Ex-Date Record Date Payable Date NIE $0.50 September 13, 2024 September 13, 2024 September 26, 2024 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full, from net investment income and realized capital gains, or a combination the.

Virtus Equity & Convertible Income Fund Announces Distribution and Discloses Sources of Distribution – Section 19(a) Notice

24/7 Wall Street

Want $22,500 in Passive Income? Invest $20,000 in These Dividend Stocks

24/7 Wall Street Insights With inflation showing few signs of appreciable reversal, prices for other goods and services will inevitably continue to rise.

Want $22,500 in Passive Income? Invest $20,000 in These Dividend Stocks

NIE: Multi-Asset CEF Pays Attractive Distribution Yield And Provides Some Downside Protection

Virtus Equity & Convertible Income Fund invests in equities and convertible securities, with varying allocations between the two. The fund uses a covered call option strategy on 70% of the equity portion to enhance distributions and reduce portfolio risk. NIE has a high correlation with SPY due to its high exposure to infotech equities.

NIE: Multi-Asset CEF Pays Attractive Distribution Yield And Provides Some Downside Protection

Virtus Closed-End Funds Announce Results of Joint Annual Meeting of Shareholders

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH), Virtus Convertible & Income Fund (NYSE: NCV), Virtus Convertible & Income Fund II (NYSE: NCZ), Virtus Diversified Income & Convertible Fund (NYSE: ACV), Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ), Virtus Equity & Convertible Income Fund (NYSE: NIE), Virtus Global Multi-Sector In.

Virtus Closed-End Funds Announce Results of Joint Annual Meeting of Shareholders

Virtus Equity & Convertible Income Fund Announces Distribution and Discloses Sources of Distribution – Section 19(a) Notice

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Equity & Convertible Income Fund (NYSE: NIE) today announced the following quarterly distribution: Ticker Amount of Distribution Ex-Date Record Date Payable Date NIE $0.50 June 13, 2024 June 13, 2024 June 27, 2024 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full, from net investment income and realized capital gains, or a combination thereof. Sharehold.

Virtus Equity & Convertible Income Fund Announces Distribution and Discloses Sources of Distribution – Section 19(a) Notice

Investors' Choice: Roller Coaster Or Merry-Go-Round?

Achieving long-term "equity returns" generally requires holding tight through periods of volatility. The "roller coaster" experience is worth it, as Nobel Prize winners and other researchers have demonstrated over the years. There is an alternative for investors seeking a smoother ride and a better night's sleep through market downturns.

Investors' Choice: Roller Coaster Or Merry-Go-Round?

These ‘Chameleon' 9%+ Dividends Will Be The Income Play Of The Decade

Let's talk about convertibles for a second—but not the car with a removable top that everyone thinks of when they hear that word: I'm talking about convertible bonds.

These ‘Chameleon' 9%+ Dividends Will Be The Income Play Of The Decade

NIE: This CEF Is A Surprisingly Good Equity/Convertible Offering From Virtus

Virtus Equity & Convertible Income Fund aims to provide investors with an attractive level of income without sacrificing the upside potential of investing in equities. The NIE closed-end fund invests substantially in convertible securities, which offer higher yields than common equities and potential benefits if the company's stock becomes valuable. The NIE CEF's performance has been solid, with a 12.57% increase in share price since the previous article was published, and it has a reliable history of distributions.

NIE: This CEF Is A Surprisingly Good Equity/Convertible Offering From Virtus

Virtus Equity & Convertible Income Fund Announces Distribution and Discloses Sources of Distribution – Section 19(a) Notice

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Equity & Convertible Income Fund (NYSE: NIE) today announced the following quarterly distribution: Ticker Amount of Distribution Ex-Date Record Date Payable Date NIE $0.50 March 8, 2024 March 11, 2024 March 28, 2024 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full, from net investment income and realized capital gains, or a combination thereof. Shareho.

Virtus Equity & Convertible Income Fund Announces Distribution and Discloses Sources of Distribution – Section 19(a) Notice

Virtus Equity & Convertible Income Fund Announces Distribution and Discloses Sources of Distribution – Section 19(a) Notice

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Equity & Convertible Income Fund (NYSE: NIE) today announced the following quarterly distribution: Ticker Amount of Distribution Ex-Date Record Date Payable Date NIE $0.50 December 8, 2023 December 11, 2023 December 22, 2023 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full, from net investment income and realized capital gains, or a combination thereof.

Virtus Equity & Convertible Income Fund Announces Distribution and Discloses Sources of Distribution – Section 19(a) Notice

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