AllianzGI Equity & Convertible Income FD (NYSE:NIE) Shares Sold by BB&T Securities LLC

BB&T Securities LLC reduced its stake in shares of AllianzGI Equity & Convertible Income FD (NYSE:NIE) by 1.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,259 shares of the company’s stock after selling 550 shares during the quarter. BB&T Securities LLC’s holdings in AllianzGI Equity & Convertible Income FD were worth $608,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of NIE. NEXT Financial Group Inc purchased a new stake in shares of AllianzGI Equity & Convertible Income FD during the second quarter valued at $28,000. Brick & Kyle Associates boosted its stake in shares of AllianzGI Equity & Convertible Income FD by 8.6% during the second quarter. Brick & Kyle Associates now owns 26,675 shares of the company’s stock valued at $585,000 after purchasing an additional 2,117 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of AllianzGI Equity & Convertible Income FD by 27.0% during the second quarter. Commonwealth Equity Services LLC now owns 20,614 shares of the company’s stock valued at $447,000 after purchasing an additional 4,377 shares during the period. Advisor Group Inc. boosted its stake in shares of AllianzGI Equity & Convertible Income FD by 4.1% during the second quarter. Advisor Group Inc. now owns 77,471 shares of the company’s stock valued at $1,682,000 after purchasing an additional 3,081 shares during the period. Finally, Coastal Investment Advisors Inc. purchased a new stake in AllianzGI Equity & Convertible Income FD in the second quarter worth about $87,000.

NYSE:NIE traded up $0.20 during mid-day trading on Wednesday, reaching $22.44. The company’s stock had a trading volume of 78,900 shares, compared to its average volume of 73,242. AllianzGI Equity & Convertible Income FD has a 1 year low of $17.14 and a 1 year high of $22.73. The stock has a fifty day moving average of $22.11 and a 200-day moving average of $21.68.

AllianzGI Equity & Convertible Income FD Company 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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