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

Virtus Diversified Income & Convertible Fund (NYSE:ACV)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $24.42 and traded as high as $27.79. Virtus Diversified Income & Convertible Fund shares last traded at $27.44, with a volume of 32,409 shares.

Virtus Diversified Income & Convertible Fund Stock Down 0.8%

The business’s fifty day moving average is $26.03 and its 200-day moving average is $24.42.

Virtus Diversified Income & Convertible Fund Announces Dividend

The firm also recently declared a special dividend, which was paid on Friday, January 9th. Stockholders of record on Monday, December 29th were paid a dividend of $0.384 per share. The ex-dividend date of this dividend was Monday, December 29th. Virtus Diversified Income & Convertible Fund’s dividend payout ratio (DPR) is presently 141.82%.

Institutional Trading of Virtus Diversified Income & Convertible Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. World Equity Group Inc. grew its position in shares of Virtus Diversified Income & Convertible Fund by 2.9% in the 3rd quarter. World Equity Group Inc. now owns 26,742 shares of the consumer goods maker’s stock valued at $644,000 after buying an additional 750 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Virtus Diversified Income & Convertible Fund during the second quarter worth about $27,000. Bank of America Corp DE lifted its stake in shares of Virtus Diversified Income & Convertible Fund by 2.0% in the third quarter. Bank of America Corp DE now owns 96,646 shares of the consumer goods maker’s stock worth $2,329,000 after acquiring an additional 1,888 shares during the period. Farther Finance Advisors LLC acquired a new position in shares of Virtus Diversified Income & Convertible Fund in the third quarter worth approximately $48,000. Finally, American National Bank & Trust bought a new stake in Virtus Diversified Income & Convertible Fund in the second quarter valued at approximately $48,000.

About Virtus Diversified Income & Convertible Fund

Virtus Diversified Income & Convertible Fund (NYSE:ACV) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund maintains a diversified portfolio of convertible securities, corporate bonds, dividend-paying common stocks and preferred securities. By blending credit and equity-linked instruments, ACV aims to generate attractive yield while participating in potential upside as issuers’ share prices appreciate.

The fund is managed by Virtus Investment Partners and employs a bottom-up, research-driven process to identify opportunities across sectors and geographies.