Virtus Convertible & Income Fund (NYSE:NCV) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of Virtus Convertible & Income Fund (NYSE:NCVGet 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

A number of hedge funds have recently added to or reduced their stakes in NCV. Sequoia Financial Advisors LLC purchased a new stake in shares of Virtus Convertible & Income Fund in the third quarter worth approximately $35,000. Fortitude Family Office LLC raised its position in Virtus Convertible & Income Fund by 33.9% in the 3rd quarter. Fortitude Family Office LLC now owns 13,387 shares of the investment management company’s stock valued at $47,000 after buying an additional 3,387 shares during the last quarter. Greenleaf Trust bought a new position in Virtus Convertible & Income Fund during the 3rd quarter valued at $156,000. Cetera Investment Advisers boosted its holdings in Virtus Convertible & Income Fund by 13.1% during the 2nd quarter. Cetera Investment Advisers now owns 322,227 shares of the investment management company’s stock worth $1,054,000 after acquiring an additional 37,271 shares during the last quarter. Finally, Atomi Financial Group Inc. grew its stake in shares of Virtus Convertible & Income Fund by 25.6% in the 3rd quarter. Atomi Financial Group Inc. now owns 22,461 shares of the investment management company’s stock worth $79,000 after acquiring an additional 4,585 shares in the last quarter.

Virtus Convertible & Income Fund Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Virtus Convertible & Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtus Convertible & Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.