Virtus Diversified Income & Convertible Fund (NYSE:ACV) Share Price Crosses Above Two Hundred Day Moving Average of $20.40

Virtus Diversified Income & Convertible Fund (NYSE:ACV – Get Rating)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $20.40 and traded as high as $22.08. Virtus Diversified Income & Convertible Fund shares last traded at $21.70, with a volume of 29,199 shares trading hands.

Virtus Diversified Income & Convertible Fund Price Performance

The business has a 50-day moving average of $20.05 and a 200 day moving average of $20.40.

Virtus Diversified Income & Convertible Fund Increases Dividend

The company also recently announced a None dividend, which was paid on Tuesday, January 10th. Investors of record on Friday, December 30th were given a $0.196 dividend. This represents a yield of 11.04%. This is a positive change from Virtus Diversified Income & Convertible Fund’s previous None dividend of $0.18. The ex-dividend date of this dividend was Thursday, December 29th.

Institutional Trading of Virtus Diversified Income & Convertible Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James & Associates increased its holdings 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 worth $2,409,000 after purchasing an additional 21,328 shares in the last quarter. D.A. Davidson & CO. increased its holdings 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 worth $201,000 after purchasing an additional 850 shares in the last quarter. Atria Wealth Solutions Inc. bought a new stake in Virtus Diversified Income & Convertible Fund during the 1st quarter worth approximately $311,000. Royal Bank of Canada increased its holdings in Virtus Diversified Income & Convertible Fund by 4.4% during the 1st quarter. Royal Bank of Canada now owns 42,153 shares of the consumer goods maker’s stock worth $1,073,000 after purchasing an additional 1,774 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in Virtus Diversified Income & Convertible Fund by 5.0% during the 1st quarter. Bank of America Corp DE now owns 136,497 shares of the consumer goods maker’s stock worth $3,474,000 after purchasing an additional 6,502 shares in the last quarter.

About Virtus Diversified Income & Convertible Fund

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Virtus AllianzGI Diversified Income & Convertible Fund is a closed end investment fund, which objective is to provide total return through a combination of current income and capital appreciation, while seeking to provide downside protection against capital loss. The company was founded on May 26, 2015 and is headquartered in New York, NY.