Virtus Diversified Income & Convertible Fund (NYSE:ACV) Shares Cross Above 200 Day Moving Average – What’s Next?

Virtus Diversified Income & Convertible Fund (NYSE:ACV)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.40 and traded as high as $28.37. Virtus Diversified Income & Convertible Fund shares last traded at $28.0610, with a volume of 41,106 shares.

Virtus Diversified Income & Convertible Fund Trading Up 0.2%

The company’s fifty day simple moving average is $26.02 and its 200-day simple moving average is $26.40.

Virtus Diversified Income & Convertible Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, May 28th. Shareholders of record on Monday, May 11th were issued a dividend of $0.18 per share. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date was Monday, May 11th. Virtus Diversified Income & Convertible Fund’s dividend payout ratio is presently 153.94%.

Institutional Trading of Virtus Diversified Income & Convertible Fund

Institutional investors have recently modified their holdings of the company. World Equity Group Inc. boosted its holdings in shares of Virtus Diversified Income & Convertible Fund by 15.2% in the 1st quarter. World Equity Group Inc. now owns 34,392 shares of the consumer goods maker’s stock valued at $836,000 after buying an additional 4,525 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Virtus Diversified Income & Convertible Fund by 56.5% in the 1st quarter. D.A. Davidson & CO. now owns 14,198 shares of the consumer goods maker’s stock valued at $345,000 after buying an additional 5,126 shares in the last quarter. Apollon Wealth Management LLC boosted its holdings in shares of Virtus Diversified Income & Convertible Fund by 7.0% in the 1st quarter. Apollon Wealth Management LLC now owns 25,623 shares of the consumer goods maker’s stock valued at $623,000 after buying an additional 1,671 shares in the last quarter. CENTRAL TRUST Co bought a new stake in shares of Virtus Diversified Income & Convertible Fund in the 1st quarter valued at about $36,000. Finally, PMG Family Office LLC boosted its holdings in shares of Virtus Diversified Income & Convertible Fund by 1.5% in the 1st quarter. PMG Family Office LLC now owns 43,023 shares of the consumer goods maker’s stock valued at $1,045,000 after buying an additional 639 shares in the last quarter.

About Virtus Diversified Income & Convertible Fund

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.