Virtus Diversified Income & Convertible Fund (NYSE:ACV) Shares Pass Above 200-Day Moving Average – What’s Next?

Virtus Diversified Income & Convertible Fund (NYSE:ACV)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $21.69 and traded as high as $24.53. Virtus Diversified Income & Convertible Fund shares last traded at $24.25, with a volume of 38,743 shares traded.

Virtus Diversified Income & Convertible Fund Stock Performance

The company’s 50-day moving average price is $23.05 and its 200 day moving average price is $21.69.

Virtus Diversified Income & Convertible Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a c) annualized dividend and a dividend yield of 8.9%. Virtus Diversified Income & Convertible Fund’s dividend payout ratio is presently 130.91%.

Institutional Investors Weigh In On Virtus Diversified Income & Convertible Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Guggenheim Capital LLC increased its position in shares of Virtus Diversified Income & Convertible Fund by 17.9% during the 2nd quarter. Guggenheim Capital LLC now owns 289,591 shares of the consumer goods maker’s stock valued at $6,629,000 after purchasing an additional 43,866 shares during the last quarter. LPL Financial LLC grew its stake in shares of Virtus Diversified Income & Convertible Fund by 1.8% during the 1st quarter. LPL Financial LLC now owns 284,518 shares of the consumer goods maker’s stock valued at $5,690,000 after acquiring an additional 4,991 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Virtus Diversified Income & Convertible Fund by 27.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 232,133 shares of the consumer goods maker’s stock valued at $5,314,000 after acquiring an additional 50,027 shares during the period. Bank of America Corp DE grew its stake in shares of Virtus Diversified Income & Convertible Fund by 3.0% during the 2nd quarter. Bank of America Corp DE now owns 94,758 shares of the consumer goods maker’s stock valued at $2,169,000 after acquiring an additional 2,775 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of Virtus Diversified Income & Convertible Fund by 18.4% during the 1st quarter. Royal Bank of Canada now owns 65,491 shares of the consumer goods maker’s stock valued at $1,310,000 after acquiring an additional 10,200 shares during the period.

About Virtus Diversified Income & Convertible Fund

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.