Virtus Diversified Income & Convertible Fund (NYSE:ACV) Share Price Crosses Above 200-Day Moving Average of $21.37

Shares of Virtus Diversified Income & Convertible Fund (NYSE:ACV) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.37 and traded as high as $22.97. Virtus Diversified Income & Convertible Fund shares last traded at $22.81, with a volume of 10,456 shares.

Virtus Diversified Income & Convertible Fund Trading Up 0.6 %

The firm has a fifty day moving average price of $23.04 and a 200-day moving average price of $21.37.

Virtus Diversified Income & Convertible Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be issued a dividend of $0.18 per share. This represents a $2.16 annualized dividend and a dividend yield of 9.47%. The ex-dividend date of this dividend is Thursday, June 13th. Virtus Diversified Income & Convertible Fund’s dividend payout ratio (DPR) is 130.91%.

Institutional Investors Weigh In On Virtus Diversified Income & Convertible Fund

Several hedge funds have recently made changes to their positions in ACV. Raymond James & Associates boosted its holdings in shares of Virtus Diversified Income & Convertible Fund by 5.3% during the third quarter. Raymond James & Associates now owns 94,224 shares of the consumer goods maker’s stock worth $1,758,000 after purchasing an additional 4,722 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Virtus Diversified Income & Convertible Fund by 23.8% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 32,713 shares of the consumer goods maker’s stock valued at $610,000 after acquiring an additional 6,291 shares during the last quarter. Cornerstone Advisors LLC boosted its holdings in Virtus Diversified Income & Convertible Fund by 54.5% in the third quarter. Cornerstone Advisors LLC now owns 96,270 shares of the consumer goods maker’s stock valued at $1,796,000 after acquiring an additional 33,953 shares during the last quarter. LPL Financial LLC boosted its holdings in Virtus Diversified Income & Convertible Fund by 79.6% in the third quarter. LPL Financial LLC now owns 377,946 shares of the consumer goods maker’s stock valued at $7,052,000 after acquiring an additional 167,546 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in Virtus Diversified Income & Convertible Fund by 3.7% in the third quarter. Advisors Asset Management Inc. now owns 170,449 shares of the consumer goods maker’s stock valued at $3,181,000 after acquiring an additional 6,104 shares during the last quarter.

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.