Allianzgi Diversified Incm and Cnvrtb Fd (NYSE:ACV) Stock Passes Above Two Hundred Day Moving Average of $23.17

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Allianzgi Diversified Incm and Cnvrtb Fd (NYSE:ACV) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $23.17 and traded as high as $23.59. Allianzgi Diversified Incm and Cnvrtb Fd shares last traded at $23.45, with a volume of 552 shares.

The company’s 50-day moving average is $23.56 and its two-hundred day moving average is $23.17.

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be issued a $0.167 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.54%.

In other news, insider Justin Kass sold 16,700 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $23.69, for a total value of $395,623.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hedge funds have recently bought and sold shares of the company. Advisor Group Inc. lifted its holdings in shares of Allianzgi Diversified Incm and Cnvrtb Fd by 165.2% in the second quarter. Advisor Group Inc. now owns 7,425 shares of the consumer goods maker’s stock worth $173,000 after acquiring an additional 4,625 shares during the last quarter. Mid Atlantic Financial Management Inc. ADV bought a new position in shares of Allianzgi Diversified Incm and Cnvrtb Fd in the first quarter worth about $208,000. LPL Financial LLC bought a new position in shares of Allianzgi Diversified Incm and Cnvrtb Fd in the second quarter worth about $210,000. Arlington Capital Management Inc. bought a new position in shares of Allianzgi Diversified Incm and Cnvrtb Fd in the first quarter worth about $243,000. Finally, Wedbush Securities Inc. lifted its holdings in shares of Allianzgi Diversified Incm and Cnvrtb Fd by 13.6% in the second quarter. Wedbush Securities Inc. now owns 15,342 shares of the consumer goods maker’s stock worth $358,000 after acquiring an additional 1,842 shares during the last quarter.

Allianzgi Diversified Incm and Cnvrtb Fd Company Profile (NYSE:ACV)

AllianzGI 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.

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