Virtus Diversified Income & Convertible Fund (ACV) To Go Ex-Dividend on November 12th

Virtus Diversified Income & Convertible Fund (NYSE:ACV) declared a monthly dividend on Wednesday, September 23rd. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.2150 per share by the consumer goods maker on Friday, November 27th. This represents a $2.58 annualized dividend and a dividend yield of 11.1%. The ex-dividend date of this dividend is Thursday, November 12th.

Virtus Diversified Income & Convertible Fund Stock Up 2.6%

Shares of Virtus Diversified Income & Convertible Fund stock opened at $23.31 on Tuesday. Virtus Diversified Income & Convertible Fund has a 1-year low of $22.59 and a 1-year high of $29.04. The business’s fifty day moving average price is $24.62 and its two-hundred day moving average price is $26.34.

Institutional Trading of Virtus Diversified Income & Convertible Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in ACV. Integrated Wealth Concepts LLC acquired a new position in shares of Virtus Diversified Income & Convertible Fund during the second quarter valued at approximately $276,000. World Equity Group Inc. boosted its stake in Virtus Diversified Income & Convertible Fund by 22.0% during the second quarter. World Equity Group Inc. now owns 41,950 shares of the consumer goods maker’s stock valued at $1,189,000 after buying an additional 7,558 shares in the last quarter. Bank of America Corp DE grew its holdings in Virtus Diversified Income & Convertible Fund by 5.9% during the first quarter. Bank of America Corp DE now owns 104,152 shares of the consumer goods maker’s stock worth $2,531,000 after acquiring an additional 5,804 shares during the period. D.A. Davidson & CO. grew its holdings in Virtus Diversified Income & Convertible Fund by 56.5% during the first quarter. D.A. Davidson & CO. now owns 14,198 shares of the consumer goods maker’s stock worth $345,000 after acquiring an additional 5,126 shares during the period. Finally, Royal Bank of Canada raised its position in Virtus Diversified Income & Convertible Fund by 6.5% in the first quarter. Royal Bank of Canada now owns 73,971 shares of the consumer goods maker’s stock worth $1,797,000 after acquiring an additional 4,509 shares in the last quarter.

Virtus Diversified Income & Convertible Fund Company Profile

Virtus Diversified Income & Convertible Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol ACV. The fund seeks to provide a high level of current income and total return through a diversified portfolio of income-producing securities.

The fund invests primarily in convertible securities, high-yield corporate bonds and dividend-paying common stocks. Convertible securities can offer income while providing the potential to participate in the underlying issuer’s equity performance.