Virtus Diversified Income & Convertible Fund (NYSE:ACV) Share Price Passes Above 200-Day Moving Average of $20.64

Shares of Virtus Diversified Income & Convertible Fund (NYSE:ACVGet Rating) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.64 and traded as high as $20.91. Virtus Diversified Income & Convertible Fund shares last traded at $20.20, with a volume of 18,888 shares.

Virtus Diversified Income & Convertible Fund Stock Down 0.3 %

The business’s fifty day moving average price is $19.45 and its 200 day moving average price is $20.64.

Virtus Diversified Income & Convertible Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Monday, December 12th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, December 9th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 10.69%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ACV. Commonwealth Equity Services LLC raised its holdings in Virtus Diversified Income & Convertible Fund by 47.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 12,128 shares of the consumer goods maker’s stock valued at $308,000 after buying an additional 3,895 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in Virtus Diversified Income & Convertible Fund during the 1st quarter valued at approximately $182,000. Advisor Group Holdings Inc. increased its position in Virtus Diversified Income & Convertible Fund by 48.8% during the 1st quarter. Advisor Group Holdings Inc. now owns 28,060 shares of the consumer goods maker’s stock valued at $712,000 after purchasing an additional 9,206 shares during the period. Raymond James & Associates increased its position in Virtus Diversified Income & Convertible Fund by 29.1% during the 1st quarter. Raymond James & Associates now owns 94,675 shares of the consumer goods maker’s stock valued at $2,409,000 after purchasing an additional 21,328 shares during the period. Finally, D.A. Davidson & CO. increased its position in Virtus Diversified Income & Convertible Fund by 12.0% during the 1st quarter. D.A. Davidson & CO. now owns 7,910 shares of the consumer goods maker’s stock valued at $201,000 after purchasing an additional 850 shares during the period.

About Virtus Diversified Income & Convertible Fund

(Get Rating)

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.

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