AllianzGI Equity & Convertible Income FD (NYSE:NIE) Shares Bought by United Capital Financial Advisers LLC

United Capital Financial Advisers LLC boosted its holdings in shares of AllianzGI Equity & Convertible Income FD (NYSE:NIE) by 13.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,031 shares of the company’s stock after acquiring an additional 5,613 shares during the period. United Capital Financial Advisers LLC’s holdings in AllianzGI Equity & Convertible Income FD were worth $999,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. NEXT Financial Group Inc acquired a new position in AllianzGI Equity & Convertible Income FD during the second quarter worth about $28,000. Coastal Investment Advisors Inc. acquired a new position in AllianzGI Equity & Convertible Income FD during the second quarter worth about $87,000. Advisory Services Network LLC raised its position in AllianzGI Equity & Convertible Income FD by 23.9% during the first quarter. Advisory Services Network LLC now owns 9,887 shares of the company’s stock worth $213,000 after acquiring an additional 1,905 shares during the last quarter. Landscape Capital Management L.L.C. raised its position in AllianzGI Equity & Convertible Income FD by 88.2% during the second quarter. Landscape Capital Management L.L.C. now owns 17,686 shares of the company’s stock worth $384,000 after acquiring an additional 8,291 shares during the last quarter. Finally, Shaker Financial Services LLC acquired a new position in AllianzGI Equity & Convertible Income FD during the second quarter worth about $414,000.

NIE traded down $0.05 during midday trading on Friday, reaching $21.64. 45,050 shares of the company’s stock were exchanged, compared to its average volume of 73,959. The business’s 50-day moving average price is $21.60 and its 200 day moving average price is $21.53. AllianzGI Equity & Convertible Income FD has a 1-year low of $17.14 and a 1-year high of $23.29.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Monday, September 16th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date is Friday, September 13th.

AllianzGI Equity & Convertible Income FD Profile

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.

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

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