Virtus Equity & Convertible Income Fund (NYSE:NIE – Get Rating) shares rose 0.6% during mid-day trading on Thursday . The stock traded as high as $22.17 and last traded at $22.00. Approximately 82,345 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 90,454 shares. The stock had previously closed at $21.87.
Virtus Equity & Convertible Income Fund Price Performance
The company has a 50-day moving average price of $20.88 and a two-hundred day moving average price of $21.71.
Get Virtus Equity & Convertible Income Fund alerts:Virtus Equity & Convertible Income Fund Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Monday, December 12th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 9.09%. The ex-dividend date is Friday, December 9th.
Hedge Funds Weigh In On Virtus Equity & Convertible Income Fund
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Tcwp LLC bought a new position in Virtus Equity & Convertible Income Fund during the 1st quarter valued at approximately $49,000. JPMorgan Chase & Co. purchased a new stake in Virtus Equity & Convertible Income Fund during the 1st quarter valued at $27,000. Wintrust Investments LLC lifted its holdings in shares of Virtus Equity & Convertible Income Fund by 29.5% during the 1st quarter. Wintrust Investments LLC now owns 8,996 shares of the company's stock valued at $244,000 after buying an additional 2,050 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Virtus Equity & Convertible Income Fund by 10.0% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 62,344 shares of the company's stock valued at $1,294,000 after buying an additional 5,653 shares during the period. Finally, Hennion & Walsh Asset Management Inc. bought a new position in shares of Virtus Equity & Convertible Income Fund during the 2nd quarter valued at $222,000.About Virtus Equity & Convertible Income Fund
(Get Rating)
Virtus Equity & Convertible Income Fund is a closed ended equity mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in the public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors.
Featured Stories
- Get a free copy of the StockNews.com research report on Virtus Equity & Convertible Income Fund (NIE)
- Are the Short Sellers Still Right About Mullen Automotive stock?
- La-Z-Boy Reclines To More Comfortable Levels
- Is Apple Going To Rally Into Year End?
- Is The Recovery Rally Here For SoFi?
- Will Easing Of Covid Rules Slash Risk For Chinese EV Maker NIO?
Receive News & Ratings for Virtus Equity & Convertible Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtus Equity & Convertible Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.