First Trust Advisors LP acquired a new stake in shares of ALLIANZGI cnv &/COM (NYSE:CBH) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 114,064 shares of the company’s stock, valued at approximately $1,055,000. First Trust Advisors LP owned approximately 0.69% of ALLIANZGI cnv &/COM as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN raised its holdings in ALLIANZGI cnv &/COM by 47.3% in the 1st quarter. Wells Fargo & Company MN now owns 172,680 shares of the company’s stock valued at $1,592,000 after acquiring an additional 55,470 shares in the last quarter. Punch & Associates Investment Management Inc. raised its holdings in ALLIANZGI cnv &/COM by 116.8% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 797,103 shares of the company’s stock valued at $7,349,000 after acquiring an additional 429,388 shares in the last quarter. Royal Bank of Canada raised its holdings in ALLIANZGI cnv &/COM by 90.1% in the 1st quarter. Royal Bank of Canada now owns 41,430 shares of the company’s stock valued at $382,000 after acquiring an additional 19,632 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in ALLIANZGI cnv &/COM in the 2nd quarter valued at approximately $109,000.

In other news, insider Allianz Asset Management Of Am sold 10,736 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $9.21, for a total value of $98,878.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ALLIANZGI cnv &/COM stock opened at $9.21 on Tuesday. ALLIANZGI cnv &/COM has a 12 month low of $8.75 and a 12 month high of $10.05.

The company also recently declared a monthly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, September 14th will be issued a $0.046 dividend. The ex-dividend date is Thursday, September 13th. This represents a $0.55 annualized dividend and a yield of 5.99%.

About ALLIANZGI cnv &/COM

There is no company description available for AllianzGI Convertible & Income 2024 Target Term Fund.

Further Reading: Hedge Funds – Risk or Reward?

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Institutional Ownership by Quarter for ALLIANZGI cnv &/COM (NYSE:CBH)

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