Virtus Diversified Income & Convertible Fund (NYSE:ACV) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Virtus Diversified Income & Convertible Fund (NYSE:ACV) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.78 and traded as high as $25.98. Virtus Diversified Income & Convertible Fund shares last traded at $25.5660, with a volume of 13,269 shares.

Virtus Diversified Income & Convertible Fund Stock Performance

The firm’s fifty day simple moving average is $25.38 and its 200 day simple moving average is $23.78.

Virtus Diversified Income & Convertible Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 26th. Investors of record on Thursday, February 12th will be issued a dividend of $0.18 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date is Thursday, February 12th. Virtus Diversified Income & Convertible Fund’s dividend payout ratio (DPR) is presently 141.82%.

Hedge Funds Weigh In On Virtus Diversified Income & Convertible Fund

A number of large investors have recently added to or reduced their stakes in ACV. Newbridge Financial Services Group Inc. acquired a new position in shares of Virtus Diversified Income & Convertible Fund during the second quarter worth about $27,000. Elequin Capital LP bought a new stake in Virtus Diversified Income & Convertible Fund in the 1st quarter valued at approximately $37,000. Farther Finance Advisors LLC acquired a new position in Virtus Diversified Income & Convertible Fund during the 3rd quarter worth approximately $48,000. American National Bank & Trust bought a new position in shares of Virtus Diversified Income & Convertible Fund during the 2nd quarter worth approximately $48,000. Finally, Cornerstone Advisors LLC acquired a new stake in shares of Virtus Diversified Income & Convertible Fund in the third quarter valued at approximately $178,000.

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.