ALLIANZGI CNV &/COM (CBH) Hits New 1-Year Low at $8.34

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ALLIANZGI CNV &/COM (NYSE:CBH) hit a new 52-week low during trading on Thursday . The company traded as low as $8.34 and last traded at $8.41, with a volume of 1099 shares trading hands. The stock had previously closed at $8.54.

The company also recently declared a monthly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Thursday, December 13th will be issued a dividend of $0.046 per share. The ex-dividend date is Wednesday, December 12th. This represents a $0.55 annualized dividend and a yield of 6.54%.

In other news, insider Justin Kass purchased 4,600 shares of the business’s stock in a transaction that occurred on Wednesday, October 10th. The stock was purchased at an average cost of $8.90 per share, with a total value of $40,940.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of hedge funds and other institutional investors have recently bought and sold shares of CBH. Janney Montgomery Scott LLC purchased a new position in ALLIANZGI CNV &/COM during the second quarter worth about $109,000. Usca Ria LLC purchased a new position in ALLIANZGI CNV &/COM during the second quarter worth about $255,000. First Trust Advisors LP purchased a new position in ALLIANZGI CNV &/COM during the second quarter worth about $1,055,000. Bank of America Corp DE raised its holdings in ALLIANZGI CNV &/COM by 70.7% during the second quarter. Bank of America Corp DE now owns 137,703 shares of the company’s stock worth $1,274,000 after purchasing an additional 57,029 shares in the last quarter. Finally, Shaker Financial Services LLC raised its holdings in ALLIANZGI CNV &/COM by 54.8% during the second quarter. Shaker Financial Services LLC now owns 303,525 shares of the company’s stock worth $2,808,000 after purchasing an additional 107,504 shares in the last quarter.

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About ALLIANZGI CNV &/COM (NYSE:CBH)

There is no company description available for AllianzGI Convertible & Income 2024 Target Term Fund.

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