Virtus Diversified Income & Convertible Fund (NYSE:ACV) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Virtus Diversified Income & Convertible Fund (NYSE:ACV) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $21.67 and traded as high as $23.05. Virtus Diversified Income & Convertible Fund shares last traded at $22.81, with a volume of 21,725 shares traded.

Virtus Diversified Income & Convertible Fund Trading Down 0.5 %

The business’s 50-day moving average price is $22.53 and its two-hundred day moving average price is $21.67.

Virtus Diversified Income & Convertible Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, March 28th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.18 per share. The ex-dividend date is Thursday, March 13th. This represents a $2.16 annualized dividend and a yield of 9.47%. Virtus Diversified Income & Convertible Fund’s dividend payout ratio is presently 130.91%.

Institutional Investors Weigh In On Virtus Diversified Income & Convertible Fund

Large investors have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in shares of Virtus Diversified Income & Convertible Fund in the 4th quarter valued at approximately $3,151,000. Raymond James & Associates lifted its stake in Virtus Diversified Income & Convertible Fund by 5.0% in the third quarter. Raymond James & Associates now owns 136,344 shares of the consumer goods maker’s stock valued at $2,926,000 after buying an additional 6,441 shares in the last quarter. Wolverine Asset Management LLC boosted its holdings in shares of Virtus Diversified Income & Convertible Fund by 12.0% in the fourth quarter. Wolverine Asset Management LLC now owns 135,942 shares of the consumer goods maker’s stock valued at $2,984,000 after buying an additional 14,569 shares during the period. World Equity Group Inc. increased its position in shares of Virtus Diversified Income & Convertible Fund by 273.5% during the fourth quarter. World Equity Group Inc. now owns 54,501 shares of the consumer goods maker’s stock worth $1,196,000 after acquiring an additional 39,909 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of Virtus Diversified Income & Convertible Fund by 2,101.5% during the third quarter. International Assets Investment Management LLC now owns 52,947 shares of the consumer goods maker’s stock worth $1,136,000 after acquiring an additional 50,542 shares in the last quarter.

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.