Virtus Convertible & Income Fund (NYSE:NCV) Shares Pass Below 200-Day Moving Average of $3.22

Virtus Convertible & Income Fund (NYSE:NCV) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.22 and traded as low as $3.19. Virtus Convertible & Income Fund shares last traded at $3.23, with a volume of 561,395 shares traded.

Virtus Convertible & Income Fund Trading Up 1.9 %

The firm’s fifty day moving average price is $3.22 and its 200-day moving average price is $3.22.

Virtus Convertible & Income Fund Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, April 29th. Shareholders of record on Thursday, April 11th were paid a $0.034 dividend. The ex-dividend date of this dividend was Wednesday, April 10th. This represents a dividend yield of 12.48%.

Institutional Trading of Virtus Convertible & Income Fund

Large investors have recently added to or reduced their stakes in the business. Integrated Capital Management Inc. lifted its position in shares of Virtus Convertible & Income Fund by 6.6% during the 1st quarter. Integrated Capital Management Inc. now owns 56,923 shares of the investment management company’s stock valued at $190,000 after acquiring an additional 3,549 shares during the last quarter. Pinnacle Wealth Planning Services Inc. boosted its position in shares of Virtus Convertible & Income Fund by 32.4% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 16,216 shares of the investment management company’s stock valued at $50,000 after purchasing an additional 3,968 shares during the period. MGO One Seven LLC boosted its position in shares of Virtus Convertible & Income Fund by 28.5% in the 3rd quarter. MGO One Seven LLC now owns 20,652 shares of the investment management company’s stock valued at $64,000 after purchasing an additional 4,585 shares during the period. International Assets Investment Management LLC increased its stake in Virtus Convertible & Income Fund by 237.0% in the 4th quarter. International Assets Investment Management LLC now owns 8,128 shares of the investment management company’s stock worth $27,000 after purchasing an additional 5,716 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in Virtus Convertible & Income Fund by 3.8% during the 3rd quarter. Private Advisor Group LLC now owns 220,861 shares of the investment management company’s stock worth $687,000 after buying an additional 8,151 shares during the period.

About Virtus Convertible & Income Fund

Virtus Convertible & Income Fund is a closed ended fixed income 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 fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade.