Virtus Convertible & Income Fund (NYSE:NCV) Share Price Crosses Above Fifty Day Moving Average of $3.40

Virtus Convertible & Income Fund (NYSE:NCV) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $3.40 and traded as high as $3.49. Virtus Convertible & Income Fund shares last traded at $3.49, with a volume of 255,349 shares traded.

Virtus Convertible & Income Fund Stock Performance

The business’s 50-day moving average price is $3.40 and its 200 day moving average price is $3.29.

Virtus Convertible & Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th will be paid a $0.034 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.41 dividend on an annualized basis and a dividend yield of 11.69%.

Institutional Trading of Virtus Convertible & Income Fund

Several institutional investors have recently added to or reduced their stakes in NCV. Coldstream Capital Management Inc. bought a new stake in Virtus Convertible & Income Fund during the fourth quarter valued at $37,000. Weiss Asset Management LP acquired a new stake in Virtus Convertible & Income Fund in the 4th quarter valued at about $254,000. Gridiron Partners LLC acquired a new stake in Virtus Convertible & Income Fund in the 4th quarter valued at about $697,000. WNY Asset Management LLC raised its holdings in shares of Virtus Convertible & Income Fund by 9.6% during the fourth quarter. WNY Asset Management LLC now owns 612,733 shares of the investment management company’s stock valued at $2,065,000 after acquiring an additional 53,703 shares during the period. Finally, Integrated Capital Management Inc. raised its stake in Virtus Convertible & Income Fund by 6.6% during the 1st quarter. Integrated Capital Management Inc. now owns 56,923 shares of the investment management company’s stock valued at $190,000 after purchasing an additional 3,549 shares during the period.

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.