Vident Investment Advisory Lowers stake in Allianzgi Convertible & Income Fund (NCV)

Allianzgi Convertible & Income Fund (NCV) : Vident Investment Advisory reduced its stake in Allianzgi Convertible & Income Fund by 44.23% during the most recent quarter end. The investment management company now holds a total of 646,800 shares of Allianzgi Convertible & Income Fund which is valued at $4,294,752 after selling 513,008 shares in Allianzgi Convertible & Income Fund , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Allianzgi Convertible & Income Fund makes up approximately 0.57% of Vident Investment Advisory’s portfolio.

Other Hedge Funds, Including , Dubuque Bank Trust Co sold out all of its stake in NCV during the most recent quarter. The investment firm sold 1,155 shares of NCV which is valued $7,669. Ancora Advisors sold out all of its stake in NCV during the most recent quarter. The investment firm sold 110,000 shares of NCV which is valued $730,400. Mariner Investment Group sold out all of its stake in NCV during the most recent quarter. The investment firm sold 345,439 shares of NCV which is valued $2,266,080. E&g Advisors Lp added NCV to its portfolio by purchasing 171,480 company shares during the most recent quarter which is valued at $1,155,775. Allianzgi Convertible & Income Fund makes up approx 0.68% of E&g Advisors Lp’s portfolio.

AllianzGI Convertible & Income Fund is a closed-end fund. The Fund 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. The Fund invests in various sectors such as Technology Financials Consumer Discretionary Healthcare Energy Publishing and Printing and Telecom-Wireline Integrated and Services. Allianz Global Investors Fund Management LLC and Allianz Global Investors U.S. LLC serve as the Funds’ investment manager and sub-adviser respectively and are indirect wholly owned subsidiaries of Allianz Asset Management of America L.P. (AAM).

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