Virtus Convertible & Income Fund (NYSE:NCV) Share Price Passes Below 200 Day Moving Average of $3.21

Virtus Convertible & Income Fund (NYSE:NCV) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.21 and traded as low as $3.05. Virtus Convertible & Income Fund shares last traded at $3.07, with a volume of 236,375 shares changing hands.

Virtus Convertible & Income Fund Price Performance

The business has a fifty day moving average of $3.25 and a 200 day moving average of $3.21.

Virtus Convertible & Income Fund Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, April 11th will be given a dividend of $0.034 per share. This represents a dividend yield of 12.48%. The ex-dividend date of this dividend is Wednesday, April 10th.

Hedge Funds Weigh In On Virtus Convertible & Income Fund

Several large investors have recently bought and sold shares of NCV. International Assets Investment Management LLC grew its holdings in shares of Virtus Convertible & Income Fund by 237.0% during the fourth quarter. International Assets Investment Management LLC now owns 8,128 shares of the investment management company’s stock worth $27,000 after purchasing an additional 5,716 shares during the last quarter. Fortitude Family Office LLC purchased a new position in shares of Virtus Convertible & Income Fund during the 4th quarter worth approximately $34,000. Coldstream Capital Management Inc. acquired a new position in shares of Virtus Convertible & Income Fund during the 4th quarter worth $37,000. Occidental Asset Management LLC acquired a new position in Virtus Convertible & Income Fund during the fourth quarter worth about $38,000. Finally, IHT Wealth Management LLC acquired a new position in Virtus Convertible & Income Fund during the first quarter worth about $39,000.

About Virtus Convertible & Income Fund

Virtus Convertible & Income Fund is a closed ended fixed income 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 fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade.