Virtus Equity & Convertible Income FundNIE
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.
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
5% more capital invested
Capital invested by funds: $160M [Q3] → $168M (+$7.76M) [Q4]
0% more funds holding
Funds holding: 81 [Q3] → 81 (+0) [Q4]
1.57% less ownership
Funds ownership: 26.16% [Q3] → 24.59% (-1.57%) [Q4]
19% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 31
Research analyst outlook
We haven’t received any recent analyst ratings for NIE.
Financial journalist opinion









