Virtus Equity & Convertible Income Fund

Virtus Equity & Convertible Income Fundverified

NIE

Price:

$22.5256

Market Cap:

$624.16M

Virtus 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. It primarily invests in growth stocks of companies. The fund also invests in income producing convertible securities. It employs fundamental analysis focusing on factors like above-average earnings growth, high return on invested capital, a healthy or improving balance sheet, strong competitive advantages, and development of new technologies to make ...[Read more]

Industry

Asset Management - Income

IPO Date

2007-02-23

Stock Exchange

NYSE

Ticker

NIE

The Enterprise Value as of September 2024 (TTM) for Virtus Equity & Convertible Income Fund (NIE) is 603.78M

According to Virtus Equity & Convertible Income Fund’s latest financial reports and current stock price. The company's current Enterprise Value is 603.78M. This represents a change of -6038.79% compared to the average of -10166750.00 of the last 4 quarters.

Virtus Equity & Convertible Income Fund (NIE) Historical Enterprise Value (quarterly & annually)

How has NIE Enterprise Value performed in the past?

The mean historical Enterprise Value of Virtus Equity & Convertible Income Fund over the last ten years is 604.63M. The current 603.78M Enterprise Value has changed 9.89% with respect to the historical average. Over the past ten years (40 quarters), NIE's Enterprise Value was at its highest in in the July 2020 quarter at 677.95M. The Enterprise Value was at its lowest in in the January 2024 quarter at -20380000.00.

Quarterly (TTM)
Annual

Average

604.63M

Median

567.02M

Minimum

471.33M

Maximum

784.59M

Virtus Equity & Convertible Income Fund (NIE) Enterprise Value by Quarter and Year

Discovering the peaks and valleys of Virtus Equity & Convertible Income Fund Enterprise Value, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 22.43%

Maximum Annual Enterprise Value = 784.59M

Minimum Annual Increase = -26.01%

Minimum Annual Enterprise Value = 471.33M

Quarterly (TTM)
Annual
YearEnterprise ValueChange
2024569.50M1.28%
2023562.28M-26.01%
2022759.91M-3.15%
2021784.59M22.43%
2020640.84M13.52%
2019564.53M-7.69%
2018611.57M15.98%
2017527.30M11.88%
2016471.33M-14.99%
2015554.46M6.83%

Virtus Equity & Convertible Income Fund (NIE) Average Enterprise Value

How has NIE Enterprise Value performed in the past?

The current Enterprise Value of Virtus Equity & Convertible Income Fund (NIE) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

630.56M

5-year avg

663.42M

10-year avg

604.63M

Virtus Equity & Convertible Income Fund (NIE) Enterprise Value vs. Peers

How is NIE’s Enterprise Value compared to its peers?

Virtus Equity & Convertible Income Fund’s Enterprise Value is greater than RiverNorth Opportunistic Municipal Income Fund, Inc. (166.96M), less than BlackRock Municipal Income Fund, Inc. (919.08M), greater than BlackRock MuniHoldings New York Quality Fund, Inc. (563.40M), greater than Nuveen New York Quality Municipal Income Fund (362.74M), greater than DWS Municipal Income Trust (406.97M), greater than Virtus Convertible & Income 2024 Target Term Fund (179.18M), greater than Eaton Vance National Municipal Opportunities Trust (323.12M), greater than Invesco High Income 2024 Target Term Fund (86.94M), greater than Nuveen California Select Tax-Free Income Portfolio (88.38M), less than Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (906.51M), greater than Eaton Vance Risk-Managed Diversified Equity Income Fund (598.05M), less than BlackRock MuniHoldings Fund, Inc. (670.66M), greater than DTF Tax-Free Income 2028 Term Fund Inc. (77.55M), greater than Eaton Vance Floating-Rate Income Trust (516.58M), greater than Cohen & Steers Closed-End Opportunity Fund, Inc. (346.18M), greater than Abrdn Emerging Markets Equity Income Fund Inc (305.35M), greater than Eaton Vance Senior Income Trust (117.76M), less than BlackRock Capital Allocation Trust (1.76B), greater than MFS Investment Grade Municipal Trust (111.36M),

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Frequently asked questions❓

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What is Virtus Equity & Convertible Income Fund's Enterprise Value?

What is the highest Enterprise Value for Virtus Equity & Convertible Income Fund (NIE)?

What is the 3-year average Enterprise Value for Virtus Equity & Convertible Income Fund (NIE)?

What is the 5-year average Enterprise Value for Virtus Equity & Convertible Income Fund (NIE)?

How does the current Enterprise Value for Virtus Equity & Convertible Income Fund (NIE) compare to its historical average?