Virtus Equity & Convertible Income Fund (NYSE:NIE) Shares Down 0.6% – What’s Next?

Virtus Equity & Convertible Income Fund (NYSE:NIE) dropped 0.6% during mid-day trading on Thursday . The company traded as low as $24.75 and last traded at $24.90. Approximately 32,454 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 54,647 shares. The stock had previously closed at $25.05.

Virtus Equity & Convertible Income Fund Stock Down 1.3 %

The business’s fifty day simple moving average is $24.60 and its 200-day simple moving average is $23.70.

Institutional Trading of Virtus Equity & Convertible Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Baird Financial Group Inc. increased its holdings in Virtus Equity & Convertible Income Fund by 1.5% in the 4th quarter. Baird Financial Group Inc. now owns 26,287 shares of the company’s stock valued at $648,000 after acquiring an additional 400 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Virtus Equity & Convertible Income Fund by 29.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,881 shares of the company’s stock valued at $66,000 after acquiring an additional 650 shares during the last quarter. PFG Investments LLC increased its holdings in Virtus Equity & Convertible Income Fund by 4.7% in the 4th quarter. PFG Investments LLC now owns 14,779 shares of the company’s stock valued at $364,000 after acquiring an additional 668 shares during the last quarter. Raymond James & Associates increased its holdings in Virtus Equity & Convertible Income Fund by 0.5% in the 3rd quarter. Raymond James & Associates now owns 224,251 shares of the company’s stock valued at $5,160,000 after acquiring an additional 1,071 shares during the last quarter. Finally, Cornerstone Wealth Management LLC increased its holdings in Virtus Equity & Convertible Income Fund by 5.1% in the 4th quarter. Cornerstone Wealth Management LLC now owns 23,681 shares of the company’s stock valued at $584,000 after acquiring an additional 1,148 shares during the last quarter.

About Virtus Equity & Convertible Income Fund

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.