How To Buy Virtus Equity & Convertible Income Fund (NIE) Stock
How To Buy NIE
Virtus Equity & Convertible Income Fund (NIE) is a fund listed on the NYSE exchange, which means you can buy the stock from most online brokers. Follow the steps below to learn how to purchase shares of NIE.
Find a reliable broker.
Don't worry, it's easy and free to open a brokerage account. Below are our favorite brokers where you can buy Virtus Equity & Convertible Income Fund from:View All Recommended BrokersBest PromotionsWebull
Promotion: Get 12 free stocks valued up to $30,600 when you open and fund a new account.Best Sign-up OfferMoomoo
Promotion: Get 5 free stocks valued up to $3,500 each when you open and fund a new account - plus get a free share of AAPL for a limited time.
Fund your new account.
You'll need to transfer money into your new brokerage account before you can buy the stock. Transferring via a bank transfer is recommended and the most common way to fund an account. Some brokers might allow funding via a debit or credit card.
Search for NIE.
When your funds are settled into your account, look for Virtus Equity & Convertible Income Fund on your broker by searching for the company name: Virtus Equity & Convertible Income Fund or the ticker symbol: NIE.
Buy the stock.
Once that you've found Virtus Equity & Convertible Income Fund on your broker, submit a purchase order to buy shares of the stock (currently $19.78 a share). Depending on when you purchase, the stock might be higher or lower than the price listed. You may also be able to purchase fractional shares depending on your broker.
Once your order gets fulfilled, you've purchased your first shares of Virtus Equity & Convertible Income Fund.
Tips When Buying
When submitting your order, you may choose to buy shares of Virtus Equity & Convertible Income Fund at the market price with a market order or at a set price using a limit order.
- Market order: Buys the stock immediately at its current price.
- Limit order: Buys the stock only once it reaches your target price.
By default all purchases are considered market orders unless specified otherwise. Limit orders are great for when you only want to buy shares of NIE at a specific price.
Should You Buy NIE Stock Now?
In the past week the price per share of Virtus Equity & Convertible Income Fund has gone down ↓0.08 (-0.40%) and the daily volume has decreased slightly. You should buy NIE now if you think the stock will recover soon, or wait until you think the stock is done dropping.
In the end, you should be comfortable with the risk of the investment and only buy shares of NIE when you feel the time is right.