Virtus Convertible & Income Fund (NYSE:NCV) Stock Price Passes Below Two Hundred Day Moving Average of $3.21

Shares of Virtus Convertible & Income Fund (NYSE:NCV) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.21 and traded as low as $3.09. Virtus Convertible & Income Fund shares last traded at $3.12, with a volume of 397,243 shares changing hands.

Virtus Convertible & Income Fund Stock Down 0.6 %

The business’s 50 day moving average price is $3.23 and its 200-day moving average price is $3.21.

Virtus Convertible & Income Fund Dividend Announcement

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

Hedge Funds Weigh In On Virtus Convertible & Income Fund

A number of hedge funds have recently made changes to their positions in the business. Integrated Capital Management Inc. increased its position in shares of Virtus Convertible & Income Fund by 6.6% during the 1st quarter. Integrated Capital Management Inc. now owns 56,923 shares of the investment management company’s stock worth $190,000 after purchasing an additional 3,549 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased its position in shares of Virtus Convertible & Income Fund by 32.4% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 16,216 shares of the investment management company’s stock worth $50,000 after purchasing an additional 3,968 shares in the last quarter. MGO One Seven LLC increased its position in shares of Virtus Convertible & Income Fund by 28.5% during the 3rd quarter. MGO One Seven LLC now owns 20,652 shares of the investment management company’s stock worth $64,000 after purchasing an additional 4,585 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Virtus Convertible & Income Fund by 237.0% during the 4th 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 in the last quarter. Finally, Private Advisor Group LLC increased its position in shares of Virtus Convertible & Income Fund by 3.8% during the 3rd quarter. Private Advisor Group LLC now owns 220,861 shares of the investment management company’s stock worth $687,000 after purchasing an additional 8,151 shares in the last quarter.

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.