Virtus Diversified Income & Convertible Fund (NYSE:ACV) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Virtus Diversified Income & Convertible Fund (NYSE:ACV) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $23.78 and traded as high as $25.98. Virtus Diversified Income & Convertible Fund shares last traded at $25.5660, with a volume of 13,269 shares traded.

Virtus Diversified Income & Convertible Fund Trading Down 0.7%

The business’s 50-day moving average is $25.41 and its 200-day moving average is $23.82.

Virtus Diversified Income & Convertible Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Thursday, February 12th will be paid a $0.18 dividend. The ex-dividend date is Thursday, February 12th. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%. Virtus Diversified Income & Convertible Fund’s payout ratio is 141.82%.

Institutional Investors Weigh In On Virtus Diversified Income & Convertible Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of ACV. Newbridge Financial Services Group Inc. bought a new position in shares of Virtus Diversified Income & Convertible Fund in the second quarter valued at about $27,000. Farther Finance Advisors LLC bought a new position in shares of Virtus Diversified Income & Convertible Fund in the third quarter worth about $48,000. American National Bank & Trust bought a new position in shares of Virtus Diversified Income & Convertible Fund in the second quarter worth about $48,000. Cornerstone Advisors LLC acquired a new position in shares of Virtus Diversified Income & Convertible Fund during the third quarter worth approximately $178,000. Finally, Invesco Ltd. bought a new stake in shares of Virtus Diversified Income & Convertible Fund during the first quarter valued at approximately $205,000.

Virtus Diversified Income & Convertible Fund Company Profile

Virtus Diversified Income & Convertible Fund is a closed-ended balanced 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 and fixed income markets. The fund primarily invests in diversified portfolio of convertible securities, income-producing equity securities, and income-producing debt and other instruments of varying maturities.