Virtus Diversified Income & Convertible Fund (NYSE:ACV) Stock Passes Above 200 Day Moving Average of $21.10

Shares of Virtus Diversified Income & Convertible Fund (NYSE:ACV) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.10 and traded as high as $22.73. Virtus Diversified Income & Convertible Fund shares last traded at $22.61, with a volume of 13,127 shares traded.

Virtus Diversified Income & Convertible Fund Stock Up 1.9 %

The company’s 50 day moving average price is $23.08 and its 200 day moving average price is $21.10.

Virtus Diversified Income & Convertible Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be paid a $0.18 dividend. This represents a $2.16 annualized dividend and a dividend yield of 9.55%. The ex-dividend date is Thursday, June 13th. Virtus Diversified Income & Convertible Fund’s dividend payout ratio (DPR) is 130.91%.

Hedge Funds Weigh In On Virtus Diversified Income & Convertible Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. grew its holdings in shares of Virtus Diversified Income & Convertible Fund by 4.5% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 24,621 shares of the consumer goods maker’s stock worth $521,000 after buying an additional 1,062 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Virtus Diversified Income & Convertible Fund by 5.3% during the third quarter. Raymond James & Associates now owns 94,224 shares of the consumer goods maker’s stock worth $1,758,000 after buying an additional 4,722 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Virtus Diversified Income & Convertible Fund by 3.7% during the third quarter. Advisors Asset Management Inc. now owns 170,449 shares of the consumer goods maker’s stock worth $3,181,000 after buying an additional 6,104 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Virtus Diversified Income & Convertible Fund by 23.8% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 32,713 shares of the consumer goods maker’s stock worth $610,000 after buying an additional 6,291 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in shares of Virtus Diversified Income & Convertible Fund during the fourth quarter worth about $526,000.

About Virtus Diversified Income & Convertible Fund

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.