Virtus Diversified Income & Convertible Fund (ACV) To Go Ex-Dividend on May 11th

Virtus Diversified Income & Convertible Fund (NYSE:ACV) announced a monthly dividend on Wednesday, March 4th. Stockholders of record on Monday, May 11th will be given a dividend of 0.18 per share by the consumer goods maker on Thursday, May 28th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Monday, May 11th.

Virtus Diversified Income & Convertible Fund Stock Down 1.8%

Shares of NYSE ACV opened at $26.91 on Friday. The company has a 50-day moving average of $27.29 and a 200 day moving average of $25.63. Virtus Diversified Income & Convertible Fund has a 12-month low of $17.00 and a 12-month high of $29.04.

Hedge Funds Weigh In On Virtus Diversified Income & Convertible Fund

Several institutional investors and hedge funds have recently bought and sold shares of ACV. Invesco Ltd. raised its position in shares of Virtus Diversified Income & Convertible Fund by 100.8% during the 4th quarter. Invesco Ltd. now owns 20,601 shares of the consumer goods maker’s stock valued at $542,000 after buying an additional 10,341 shares during the period. Guggenheim Capital LLC lifted its stake in shares of Virtus Diversified Income & Convertible Fund by 19.7% in the 4th quarter. Guggenheim Capital LLC now owns 361,160 shares of the consumer goods maker’s stock valued at $9,495,000 after purchasing an additional 59,335 shares during the last quarter. &PARTNERS purchased a new stake in Virtus Diversified Income & Convertible Fund in the 4th quarter valued at about $216,000. Royal Bank of Canada increased its position in shares of Virtus Diversified Income & Convertible Fund by 4.3% during the fourth quarter. Royal Bank of Canada now owns 69,462 shares of the consumer goods maker’s stock valued at $1,826,000 after acquiring an additional 2,892 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in shares of Virtus Diversified Income & Convertible Fund during the 4th quarter worth approximately $144,000.

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.