Shares of Virtus Convertible & Income Fund (NYSE:NCV – Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.45 and traded as low as $3.45. Virtus Convertible & Income Fund shares last traded at $3.46, with a volume of 184,266 shares traded.
Virtus Convertible & Income Fund Price Performance
The company has a 50 day moving average price of $3.55 and a 200 day moving average price of $3.45.
Virtus Convertible & Income Fund Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.136 per share. This represents a $1.63 dividend on an annualized basis and a dividend yield of 47.17%. The ex-dividend date is Thursday, March 13th.
Hedge Funds Weigh In On Virtus Convertible & Income Fund
Virtus Convertible & Income Fund Company Profile
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.
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