Virtus Convertible & Income Fund (NYSE:NCV) Stock Price Passes Above 50 Day Moving Average – What’s Next?

Shares of Virtus Convertible & Income Fund (NYSE:NCV) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $15.78 and traded as high as $16.54. Virtus Convertible & Income Fund shares last traded at $16.3640, with a volume of 54,688 shares trading hands.

Virtus Convertible & Income Fund Price Performance

The firm has a 50-day moving average price of $15.78 and a two-hundred day moving average price of $15.60.

Virtus Convertible & Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 11th will be given a $0.136 dividend. This represents a c) annualized dividend and a dividend yield of 10.0%. The ex-dividend date of this dividend is Monday, May 11th.

Institutional Investors Weigh In On Virtus Convertible & Income Fund

Hedge funds have recently modified their holdings of the business. Blue Bell Private Wealth Management LLC boosted its position in shares of Virtus Convertible & Income Fund by 649.9% in the third quarter. Blue Bell Private Wealth Management LLC now owns 6,749 shares of the investment management company’s stock valued at $101,000 after acquiring an additional 5,849 shares during the period. Global Retirement Partners LLC boosted its position in shares of Virtus Convertible & Income Fund by 372.7% in the fourth quarter. Global Retirement Partners LLC now owns 8,404 shares of the investment management company’s stock valued at $127,000 after acquiring an additional 6,626 shares during the period. Jane Street Group LLC bought a new stake in shares of Virtus Convertible & Income Fund in the second quarter valued at approximately $155,000. Alteri Wealth LLC boosted its position in shares of Virtus Convertible & Income Fund by 9.1% in the fourth quarter. Alteri Wealth LLC now owns 11,326 shares of the investment management company’s stock valued at $172,000 after acquiring an additional 946 shares during the period. Finally, Closed End Fund Advisors Inc. bought a new stake in shares of Virtus Convertible & Income Fund in the fourth quarter valued at approximately $179,000.

About Virtus Convertible & Income Fund

Virtus Convertible & Income Fund Inc (NYSE: NCV) is a diversified, closed-end management investment company sponsored by Virtus Investment Partners. Listed on the New York Stock Exchange, the fund seeks to deliver a high level of total return by investing primarily in convertible securities and other income-oriented instruments. It pursues a balanced approach that combines elements of equity growth potential with fixed-income stability, aiming to appeal to investors focused on current income and long-term capital appreciation.

The fund’s portfolio is constructed predominantly of convertible bonds issued by U.S.