Schwarz Dygos Wheeler Investment Advisors LLC Has $2.99 Million Stake in AllianzGI Equity & Convertible Income FD (NYSE:NIE)

Schwarz Dygos Wheeler Investment Advisors LLC lifted its holdings in shares of AllianzGI Equity & Convertible Income FD (NYSE:NIE) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 131,989 shares of the company’s stock after buying an additional 495 shares during the period. AllianzGI Equity & Convertible Income FD comprises 2.0% of Schwarz Dygos Wheeler Investment Advisors LLC’s investment portfolio, making the stock its 12th biggest holding. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in AllianzGI Equity & Convertible Income FD were worth $2,991,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC acquired a new stake in AllianzGI Equity & Convertible Income FD during the 3rd quarter valued at $38,000. NEXT Financial Group Inc lifted its stake in shares of AllianzGI Equity & Convertible Income FD by 69.2% during the 3rd quarter. NEXT Financial Group Inc now owns 2,200 shares of the company’s stock worth $47,000 after purchasing an additional 900 shares during the period. Wedbush Securities Inc. purchased a new position in shares of AllianzGI Equity & Convertible Income FD during the 3rd quarter worth $210,000. RMB Capital Management LLC purchased a new position in shares of AllianzGI Equity & Convertible Income FD during the 2nd quarter worth $303,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of AllianzGI Equity & Convertible Income FD by 31.7% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 25,590 shares of the company’s stock worth $552,000 after purchasing an additional 6,166 shares during the period.

Shares of NIE traded down $0.04 during trading hours on Thursday, hitting $23.73. The stock had a trading volume of 874 shares, compared to its average volume of 90,173. The company’s fifty day simple moving average is $22.86 and its 200 day simple moving average is $22.06. AllianzGI Equity & Convertible Income FD has a 12-month low of $19.80 and a 12-month high of $23.77.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 23rd were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.52 annualized dividend and a dividend yield of 6.41%.

About AllianzGI Equity & Convertible Income FD

AllianzGI 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.

Featured Story: Purposes and Functions of the Federal Reserve

Institutional Ownership by Quarter for AllianzGI Equity & Convertible Income FD (NYSE:NIE)

Receive News & Ratings for AllianzGI Equity & Convertible Income FD Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AllianzGI Equity & Convertible Income FD and related companies with MarketBeat.com's FREE daily email newsletter.