Virtus Convertible & Income Fund (NYSE:NCV) Stock Price Crosses Below 200-Day Moving Average of $3.22

Virtus Convertible & Income Fund (NYSE:NCV) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.22 and traded as low as $3.19. Virtus Convertible & Income Fund shares last traded at $3.23, with a volume of 561,395 shares trading hands.

Virtus Convertible & Income Fund Stock Performance

The company has a 50-day moving average of $3.22 and a 200-day moving average of $3.22.

Virtus Convertible & Income Fund Announces Dividend

The company also recently announced a dividend, which was paid on Monday, April 29th. Shareholders of record on Thursday, April 11th were given a $0.034 dividend. This represents a yield of 12.48%. The ex-dividend date of this dividend was Wednesday, April 10th.

Hedge Funds Weigh In On Virtus Convertible & Income Fund

Large investors have recently bought and sold shares of the stock. WNY Asset Management LLC boosted its position in shares of Virtus Convertible & Income Fund by 24.1% in the 3rd quarter. WNY Asset Management LLC now owns 559,030 shares of the investment management company’s stock valued at $1,739,000 after purchasing an additional 108,400 shares during the period. Axxcess Wealth Management LLC bought a new stake in Virtus Convertible & Income Fund in the third quarter worth approximately $71,000. Advisors Asset Management Inc. raised its holdings in Virtus Convertible & Income Fund by 11.0% during the third quarter. Advisors Asset Management Inc. now owns 2,420,720 shares of the investment management company’s stock valued at $7,528,000 after buying an additional 239,757 shares in the last quarter. Atomi Financial Group Inc. acquired a new stake in Virtus Convertible & Income Fund in the 3rd quarter worth approximately $91,000. Finally, Cornerstone Advisors LLC grew its holdings in Virtus Convertible & Income Fund by 139.1% during the third quarter. Cornerstone Advisors LLC now owns 752,438 shares of the investment management company’s stock valued at $2,340,000 after purchasing an additional 437,793 shares during the last quarter.

About Virtus Convertible & Income Fund

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.