Virtus Convertible & Income Fund (NYSE:NCV) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Shares of Virtus Convertible & Income Fund (NYSE:NCV) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.05 and traded as low as $13.29. Virtus Convertible & Income Fund shares last traded at $13.35, with a volume of 110,095 shares trading hands.

Virtus Convertible & Income Fund Trading Down 0.7 %

The business has a fifty day moving average price of $14.04 and a two-hundred day moving average price of $14.04.

Virtus Convertible & Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 27th. Investors of record on Thursday, June 12th will be given a dividend of $0.136 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $1.63 dividend on an annualized basis and a yield of 12.33%.

Institutional Trading of Virtus Convertible & Income Fund

Institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC boosted its position in Virtus Convertible & Income Fund by 250.0% during the third quarter. International Assets Investment Management LLC now owns 8,442 shares of the investment management company’s stock valued at $30,000 after purchasing an additional 6,030 shares during the last quarter. Jane Street Group LLC acquired a new stake in Virtus Convertible & Income Fund during the third quarter valued at $36,000. Kingswood Wealth Advisors LLC acquired a new stake in Virtus Convertible & Income Fund during the fourth quarter valued at $37,000. Meridian Wealth Management LLC acquired a new stake in shares of Virtus Convertible & Income Fund in the fourth quarter worth about $43,000. Finally, PVG Asset Management Corp acquired a new stake in shares of Virtus Convertible & Income Fund in the third quarter worth about $45,000.

Virtus Convertible & Income Fund Company Profile

Virtus Convertible & Income Fund is a closed ended fixed income 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 fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade.