NIE: Equity/Convertible CEF Provides Access To Technology Stocks, Attractive Dividend Yield [Seeking Alpha]
Virtus AllianzGI Equity & Convertible Income Fund Common Shares of Beneficial Interest (NIE)
US:NYSE Investor Relations:
morningstar.com/cefs/xnys/nie/quote.html
Company Research
Source: Seeking Alpha
NIE employs a covered call strategy on 70% of equities, reducing downside risk and generating additional income, especially in volatile markets. The fund trades at a ~10% discount to NAV, aligning with historical averages, providing potential discount alpha for investors. I recommend holding NIE as a risk-moderated, income-focused way to access mega-cap tech exposure, with disciplined trading via limit orders advised. Looking for a portfolio of ideas like this one? Members of Yield Hunting: Alt Inc Opps get exclusive access to our subscriber-only portfolios. Learn More » designer491/iStock via Getty Images (Data below is sourced from the Virtus fund website unless otherwise stated.) The Virtus Equity & Convertible Income Fund ( NIE ) is a $775 million closed-end fund that invests at least 80% of the portfolio assets in a More on my IG service George is a contributor to the investing group Yield Hunting: Alternative Income Opportunities , a premium service dedicated to
Show less
Read more
Impact Snapshot
Event Time:
NIE
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
NIE alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NIE alerts
High impacting Virtus AllianzGI Equity & Convertible Income Fund Common Shares of Beneficial Interest news events
Weekly update
A roundup of the hottest topics
NIE
News
- Virtus Equity & Convertible Income Fund declares $0.526 dividend [Seeking Alpha]Seeking Alpha
- Virtus Equity & Convertible Income Fund Announces Special Year-End Distribution and Discloses Sources of Distribution – Section 19(a) NoticeBusiness Wire
- NIE: Reliable Dividends While Maintaining Exposure To Technology [Seeking Alpha]Seeking Alpha