Virtus Diversified Income & Convertible Fund (NYSE:ACV) Stock Crosses Above 200-Day Moving Average – Here’s Why

Shares of Virtus Diversified Income & Convertible Fund (NYSE:ACV) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $24.80 and traded as high as $28.25. Virtus Diversified Income & Convertible Fund shares last traded at $27.9050, with a volume of 28,648 shares changing hands.

Virtus Diversified Income & Convertible Fund Stock Down 1.2%

The business’s fifty day simple moving average is $26.56 and its 200 day simple moving average is $24.80.

Virtus Diversified Income & Convertible Fund Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Friday, January 9th. Investors of record on Monday, December 29th were given a dividend of $0.384 per share. The ex-dividend date of this dividend was Monday, December 29th. Virtus Diversified Income & Convertible Fund’s dividend payout ratio is currently 141.82%.

Hedge Funds Weigh In On Virtus Diversified Income & Convertible Fund

Large investors have recently bought and sold shares of the business. Emissary Wealth LLC acquired a new position in Virtus Diversified Income & Convertible Fund in the fourth quarter valued at approximately $2,090,000. Advisors Asset Management Inc. boosted its position in Virtus Diversified Income & Convertible Fund by 27.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 232,133 shares of the consumer goods maker’s stock valued at $5,314,000 after purchasing an additional 50,027 shares during the period. PMG Family Office LLC acquired a new position in Virtus Diversified Income & Convertible Fund during the 3rd quarter valued at approximately $1,058,000. Guggenheim Capital LLC grew its stake in Virtus Diversified Income & Convertible Fund by 17.9% during the 2nd quarter. Guggenheim Capital LLC now owns 289,591 shares of the consumer goods maker’s stock worth $6,629,000 after buying an additional 43,866 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Virtus Diversified Income & Convertible Fund in the second quarter worth $560,000.

Virtus Diversified Income & Convertible Fund Company Profile

Virtus Diversified Income & Convertible Fund (NYSE:ACV) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund maintains a diversified portfolio of convertible securities, corporate bonds, dividend-paying common stocks and preferred securities. By blending credit and equity-linked instruments, ACV aims to generate attractive yield while participating in potential upside as issuers’ share prices appreciate.

The fund is managed by Virtus Investment Partners and employs a bottom-up, research-driven process to identify opportunities across sectors and geographies.