Virtus Diversified Income & Convertible Fund (NYSE:ACV) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Virtus Diversified Income & Convertible Fund (NYSE:ACV) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $25.44 and traded as high as $27.47. Virtus Diversified Income & Convertible Fund shares last traded at $27.3650, with a volume of 13,641 shares changing hands.

Virtus Diversified Income & Convertible Fund Stock Performance

The company has a 50-day moving average of $27.11 and a 200-day moving average of $25.44.

Virtus Diversified Income & Convertible Fund Announces Dividend

The business also recently declared a special dividend, which was paid on Friday, January 9th. Stockholders of record on Monday, December 29th were issued a $0.384 dividend. The ex-dividend date of this dividend was Monday, December 29th. Virtus Diversified Income & Convertible Fund’s payout ratio is 130.91%.

Institutional Trading of Virtus Diversified Income & Convertible Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACV. Emissary Wealth LLC purchased a new position in Virtus Diversified Income & Convertible Fund in the 4th quarter valued at about $2,090,000. Guggenheim Capital LLC lifted its stake in shares of Virtus Diversified Income & Convertible Fund by 19.7% during the fourth quarter. Guggenheim Capital LLC now owns 361,160 shares of the consumer goods maker’s stock valued at $9,495,000 after buying an additional 59,335 shares during the period. Advisors Asset Management Inc. boosted its position in Virtus Diversified Income & Convertible Fund by 27.5% during the second quarter. Advisors Asset Management Inc. now owns 232,133 shares of the consumer goods maker’s stock worth $5,314,000 after acquiring an additional 50,027 shares during the last quarter. PMG Family Office LLC acquired a new stake in Virtus Diversified Income & Convertible Fund during the third quarter worth approximately $1,058,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Virtus Diversified Income & Convertible Fund in the 2nd quarter worth approximately $560,000.

Virtus Diversified Income & Convertible Fund Company Profile

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.