Virtus Equity & Convertible Income Fund (NYSE:NIE) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Posted by Stanley Muller on Aug 8th, 2026

Virtus Equity & Convertible Income Fund (NYSE:NIE – Get Free Report)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $26.41 and traded as low as $26.18. Virtus Equity & Convertible Income Fund shares last traded at $26.20, with a volume of 49,155 shares traded.

Virtus Equity & Convertible Income Fund Stock Up 0.8%

The business has a fifty day moving average of $26.40 and a 200-day moving average of $25.65.

Virtus Equity & Convertible Income Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 15th were given a dividend of $0.58 per share. This is a boost from Virtus Equity & Convertible Income Fund’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.32 dividend on an annualized basis and a yield of 8.8%.

Hedge Funds Weigh In On Virtus Equity & Convertible Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Silverlake Wealth Management LLC purchased a new position in shares of Virtus Equity & Convertible Income Fund during the second quarter valued at $219,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in Virtus Equity & Convertible Income Fund by 9.3% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 9,362 shares of the company’s stock worth $251,000 after acquiring an additional 794 shares during the period. OxenFree Capital LLC grew its holdings in Virtus Equity & Convertible Income Fund by 11.6% during the 2nd quarter. OxenFree Capital LLC now owns 72,798 shares of the company’s stock worth $1,912,000 after acquiring an additional 7,574 shares in the last quarter. David J Yvars Group grew its holdings in Virtus Equity & Convertible Income Fund by 24.4% during the 2nd quarter. David J Yvars Group now owns 25,699 shares of the company’s stock worth $690,000 after acquiring an additional 5,045 shares in the last quarter. Finally, Graves Light Lenhart Wealth Inc. bought a new position in Virtus Equity & Convertible Income Fund during the 2nd quarter worth about $211,000.

Virtus Equity & Convertible Income Fund Company Profile

(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.