Virtus Diversified Income & Convertible Fund (NYSE:ACV) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

by · The Cerbat Gem

Virtus Diversified Income & Convertible Fund (NYSE:ACV – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $23.39 and traded as high as $25.90. Virtus Diversified Income & Convertible Fund shares last traded at $25.7350, with a volume of 27,880 shares traded.

Virtus Diversified Income & Convertible Fund Stock Up 1.0%

The company has a fifty day simple moving average of $24.96 and a two-hundred day simple moving average of $23.42.

Virtus Diversified Income & Convertible Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 26th. Stockholders 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 8.3%. The ex-dividend date is Thursday, February 12th. Virtus Diversified Income & Convertible Fund’s payout ratio is 141.82%.

Institutional Trading of Virtus Diversified Income & Convertible Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Guggenheim Capital LLC grew 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 worth $6,629,000 after buying an additional 43,866 shares during the period. LPL Financial LLC raised its stake in Virtus Diversified Income & Convertible Fund by 1.8% in 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. lifted its holdings in 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 worth $5,314,000 after purchasing an additional 50,027 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Virtus Diversified Income & Convertible Fund by 10.1% in the 3rd quarter. Raymond James Financial Inc. now owns 142,108 shares of the consumer goods maker’s stock valued at $3,425,000 after purchasing an additional 13,064 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Virtus Diversified Income & Convertible Fund by 2.0% in the 3rd quarter. Bank of America Corp DE now owns 96,646 shares of the consumer goods maker’s stock worth $2,329,000 after purchasing an additional 1,888 shares in the last quarter.

Virtus Diversified Income & Convertible Fund Company Profile

(Get Free Report)

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.

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