NIE
Virtus Equity & Convertible Income FundNIE
NIE
About: Virtus AllianzGI Equity & Convertible Income Fund is a diversified, closed-end management investment company. The 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 7,302 funds
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Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
0.89% less ownership
Funds ownership: 24.64% [Q4 2024] → 23.75% (-0.89%) [Q1 2025]
8% less funds holding
Funds holding: 83 [Q4 2024] → 76 (-7) [Q1 2025]
14% less capital invested
Capital invested by funds: $168M [Q4 2024] → $146M (-$22.9M) [Q1 2025]
24% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 29
31% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 13
Research analyst outlook
We haven’t received any recent analyst ratings for NIE.
Financial journalist opinion
Neutral
Business Wire
2 weeks ago
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 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 Income Fund (NYSE: VGI), Virtus Stone Harbor Emerging Markets Income.
Neutral
Seeking Alpha
2 months ago
NIE: This Equity/Convertible CEF Provides Tech Exposure With Reduced Downside Risk
The Virtus Equity & Convertible Income Fund balances equities and convertibles, using a covered call strategy to reduce risk and generate additional income. Currently trading at a -10.01% discount to NAV, NIE has a history of steady quarterly distributions and occasional special payouts. With high correlations to SPY and QQQ, NIE offers reduced risk through convertibles and hedging, making it a strategic buy during market corrections.
Neutral
Business Wire
3 months ago
Virtus Equity & Convertible Income Fund Announces Distributions 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 12, 2025 June 27, 2025 The Fund previously announced the following quarterly distribution on November 20, 2024: Ticker Amount of Distribution Ex-Date/Record Date Payable Date NIE $0.50 March 13, 2025 March 28, 2025 Under the terms of its Managed Distribution Plan, the Fund wil.
Positive
Seeking Alpha
4 months ago
NIE: Quarterly Update On An Excellent Equity And Convertible Fund
The Virtus Equity & Convertible Income Fund offers an 8.00% yield, higher than most equity and convertible indices, appealing to income-focused investors. The market appears to think that the fund will be able to sustain its distribution going forward, adding to the fund's appeal. The fund's recent 12.18% total return, driven by a strategic allocation to equities and convertibles, outperformed the S&P 500 over the past few months.
Neutral
Business Wire
5 months ago
Virtus Equity & Convertible Income Fund Discloses Sources of Distribution – Section 19(a) Notice
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Equity & Convertible Income Fund (NYSE: NIE) previously announced the following quarterly distribution on November 20, 2024: Ticker Amount of Distribution Ex-Date/Record Date Payable Date NIE $0.50 December 12, 2024 December 30, 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 combinatio.
Neutral
Business Wire
6 months ago
Virtus Equity & Convertible Income Fund Announces Distributions 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 distributions: Ticker Amount of Distribution Ex-Date/Record Date Payable Date NIE $0.50 December 12, 2024 December 30, 2024 NIE $0.50 March 13, 2025 March 28, 2025 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,.
Positive
Seeking Alpha
8 months ago
NIE: Updates On Finances And Distributions Following Release Of Semi-Annual Report
Virtus Equity & Convertible Income Fund offers a high yield of 8.74%, which is higher than many other closed-end funds using similar strategies. The NIE closed-end fund's strategy includes investing in both equity and convertible securities, providing inflation protection and potential capital appreciation. The fund's portfolio has substantial exposure to the Magnificent 7, which makes it difficult to include in a portfolio that probably already has significant exposure to these stocks.
Neutral
Business Wire
9 months ago
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.
Positive
24/7 Wall Street
11 months ago
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.
Positive
Seeking Alpha
11 months ago
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.
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