Virtus Equity & Convertible Income Fund (NYSE:NIE) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Posted by Stanley Muller on Jul 30th, 2026

Virtus Equity & Convertible Income Fund (NYSE:NIE – Get Free Report)’s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $26.47 and traded as low as $25.44. Virtus Equity & Convertible Income Fund shares last traded at $25.4350, with a volume of 68,001 shares.

Virtus Equity & Convertible Income Fund Trading Down 1.3%

The business’s 50 day moving average is $26.47 and its 200 day moving average is $25.62.

Virtus Equity & Convertible Income Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 15th were paid a $0.58 dividend. The ex-dividend date of this dividend was Monday, June 15th. This is an increase from Virtus Equity & Convertible Income Fund’s previous quarterly dividend of $0.50. This represents a $2.32 annualized dividend and a yield of 9.1%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC raised its holdings in shares of Virtus Equity & Convertible Income Fund by 9.8% in the first quarter. NewEdge Advisors LLC now owns 6,925 shares of the company’s stock worth $153,000 after buying an additional 617 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in Virtus Equity & Convertible Income Fund by 9.3% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 9,362 shares of the company’s stock valued at $251,000 after acquiring an additional 794 shares during the period. Cornerstone Wealth Management LLC boosted its holdings in Virtus Equity & Convertible Income Fund by 3.5% during the 4th quarter. Cornerstone Wealth Management LLC now owns 26,412 shares of the company’s stock valued at $658,000 after acquiring an additional 886 shares during the period. PMG Family Office LLC grew its position in Virtus Equity & Convertible Income Fund by 7.5% in the 1st quarter. PMG Family Office LLC now owns 31,747 shares of the company’s stock valued at $742,000 after acquiring an additional 2,223 shares during the last quarter. Finally, Schwarz Dygos Wheeler Investment Advisors LLC grew its position in Virtus Equity & Convertible Income Fund by 1.1% in the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 216,008 shares of the company’s stock valued at $5,383,000 after acquiring an additional 2,299 shares during the last quarter.

About Virtus Equity & Convertible Income Fund

(Get Free Report)

Virtus Equity & Convertible Income Fund (NYSE:NIE) is a diversified, closed-end management investment company designed to provide shareholders with a combination of current income and capital appreciation. The fund seeks to achieve its objectives by investing predominantly in convertible securities of U.S. and non-U.S. issuers alongside selected common stocks. Leveraging the hybrid characteristics of convertibles, the fund aims to capture income potential while maintaining exposure to equity market upside.

The fund’s investment strategy centers on a flexible allocation between fixed-income and equity components, with portfolio managers conducting rigorous credit and equity research to identify issuers offering attractive risk-reward profiles.