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Virtus Closed-End Funds Announce Portfolio Management Refinements
Business Wire (Mon, 10-Aug 9:00 AM ET)
The fund’s investment objective is to provide total return through a combination of capital appreciation and high current income. The Funds attempt to achieve this objective by investing in a portfolio of convertible securities and non-convertible income-producing securities.
Allianzgi Equity & Conv trades on the NYSE stock market under the symbol NIE.
As of October 9, 2026, NIE stock price climbed to $25.48 with 106,191 million shares trading.
NIE has a beta of 0.81, meaning it tends to be less sensitive to market movements. NIE has a correlation of 0.68 to the broad based SPY ETF.
NIE has a market cap of $706.02 million. This is considered a Small Cap stock.
In the last 3 years, NIE traded as high as $27.24 and as low as $18.54.
NIE has underperformed the market in the last year with a return of +10.4%, while the SPY ETF gained +16.8%. In the last 3 month period, NIE fell short of the market, returning -1.1%, while SPY returned +4.7%. However, in the most recent 2 weeks NIE has outperformed the stock market by returning +1.6%, while SPY returned +1.5%.
NIE support price is $24.98 and resistance is $25.66 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NIE shares will trade within this expected range on the day.
