Virtus Convertible & Income Fund (NYSE:NCV) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Virtus Convertible & Income Fund (NYSE:NCV) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.56 and traded as low as $13.51. Virtus Convertible & Income Fund shares last traded at $13.55, with a volume of 39,792 shares trading hands.

Virtus Convertible & Income Fund Stock Up 0.3%

The business has a fifty day moving average price of $13.22 and a two-hundred day moving average price of $13.56.

Virtus Convertible & Income Fund Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Thursday, August 28th. Stockholders of record on Monday, August 11th will be issued a $0.136 dividend. This represents a dividend yield of 12%. The ex-dividend date is Monday, August 11th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Atria Wealth Solutions Inc. boosted its stake in shares of Virtus Convertible & Income Fund by 32.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 40,340 shares of the investment management company’s stock worth $140,000 after buying an additional 9,895 shares during the last quarter. Good Life Advisors LLC boosted its stake in shares of Virtus Convertible & Income Fund by 84.5% in the fourth quarter. Good Life Advisors LLC now owns 30,861 shares of the investment management company’s stock worth $107,000 after buying an additional 14,136 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Virtus Convertible & Income Fund by 4.0% in the fourth quarter. Private Advisor Group LLC now owns 256,410 shares of the investment management company’s stock worth $890,000 after buying an additional 9,846 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Virtus Convertible & Income Fund in the fourth quarter worth about $88,000. Finally, SVB Wealth LLC purchased a new stake in shares of Virtus Convertible & Income Fund in the fourth quarter worth about $77,000.

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.