Virtus Diversified Income & Convertible Fund (NYSE:ACV) Share Price Crosses Above 200-Day Moving Average of $21.37

Virtus Diversified Income & Convertible Fund (NYSE:ACV) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.37 and traded as high as $22.97. Virtus Diversified Income & Convertible Fund shares last traded at $22.81, with a volume of 10,456 shares.

Virtus Diversified Income & Convertible Fund Stock Performance

The business’s 50 day simple moving average is $23.04 and its 200 day simple moving average is $21.37.

Virtus Diversified Income & Convertible Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th will be paid a dividend of $0.18 per share. This represents a $2.16 dividend on an annualized basis and a yield of 9.47%. The ex-dividend date is Thursday, June 13th. Virtus Diversified Income & Convertible Fund’s dividend payout ratio is 130.91%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC bought a new position in shares of Virtus Diversified Income & Convertible Fund in the first quarter valued at approximately $209,000. B. Riley Wealth Advisors Inc. raised its stake in shares of Virtus Diversified Income & Convertible Fund by 4.5% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 24,621 shares of the consumer goods maker’s stock valued at $521,000 after acquiring an additional 1,062 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Virtus Diversified Income & Convertible Fund by 5.5% in the fourth quarter. Wells Fargo & Company MN now owns 480,652 shares of the consumer goods maker’s stock valued at $10,084,000 after acquiring an additional 25,116 shares during the last quarter. Gilliland Jeter Wealth Management LLC bought a new position in shares of Virtus Diversified Income & Convertible Fund in the fourth quarter valued at approximately $526,000. Finally, International Assets Investment Management LLC raised its stake in shares of Virtus Diversified Income & Convertible Fund by 2,058.9% in the fourth quarter. International Assets Investment Management LLC now owns 47,669 shares of the consumer goods maker’s stock valued at $1,000,000 after acquiring an additional 45,461 shares during 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.