Virtus Diversified Income & Convertible Fund (NYSE:ACV) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Virtus Diversified Income & Convertible Fund (NYSE:ACV)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $21.51 and traded as high as $21.80. Virtus Diversified Income & Convertible Fund shares last traded at $21.70, with a volume of 20,150 shares.

Virtus Diversified Income & Convertible Fund Trading Up 0.2 %

The company has a 50-day moving average price of $21.19 and a 200-day moving average price of $21.51.

Virtus Diversified Income & Convertible Fund Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, September 26th. Stockholders of record on Monday, September 16th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a dividend yield of 10.26%. Virtus Diversified Income & Convertible Fund’s dividend payout ratio is currently 130.91%.

Institutional Trading of Virtus Diversified Income & Convertible Fund

A number of large investors have recently made changes to their positions in ACV. Advisors Asset Management Inc. boosted its position in shares of Virtus Diversified Income & Convertible Fund by 21.6% in the 1st quarter. Advisors Asset Management Inc. now owns 283,040 shares of the consumer goods maker’s stock valued at $6,779,000 after purchasing an additional 50,326 shares during the period. Wolverine Asset Management LLC acquired a new stake in shares of Virtus Diversified Income & Convertible Fund in the 2nd quarter valued at about $685,000. Shaker Financial Services LLC acquired a new stake in shares of Virtus Diversified Income & Convertible Fund in the 2nd quarter valued at about $454,000. Janney Montgomery Scott LLC acquired a new stake in shares of Virtus Diversified Income & Convertible Fund in the 1st quarter valued at about $209,000. Finally, Commonwealth Equity Services LLC boosted its position in shares of Virtus Diversified Income & Convertible Fund by 42.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 12,640 shares of the consumer goods maker’s stock valued at $268,000 after purchasing an additional 3,745 shares during the period.

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.