Virtus Diversified Income & Convertible Fund (NYSE:ACV) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Virtus Diversified Income & Convertible Fund (NYSE:ACV) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.87 and traded as high as $28.44. Virtus Diversified Income & Convertible Fund shares last traded at $28.3050, with a volume of 14,515 shares.

Virtus Diversified Income & Convertible Fund Stock Performance

The business’s 50 day simple moving average is $27.62 and its 200-day simple moving average is $26.88.

Virtus Diversified Income & Convertible Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Investors of record on Thursday, August 13th will be issued a dividend of $0.18 per share. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Thursday, August 13th. Virtus Diversified Income & Convertible Fund’s dividend payout ratio (DPR) is currently 153.94%.

Institutional Trading of Virtus Diversified Income & Convertible Fund

A number of institutional investors have recently bought and sold shares of ACV. Guggenheim Capital LLC increased its position in 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 worth $9,495,000 after purchasing an additional 59,335 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Virtus Diversified Income & Convertible Fund by 1.5% during the 4th quarter. LPL Financial LLC now owns 298,852 shares of the consumer goods maker’s stock valued at $7,857,000 after buying an additional 4,349 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Virtus Diversified Income & Convertible Fund by 13.3% in the 4th quarter. Advisors Asset Management Inc. now owns 222,978 shares of the consumer goods maker’s stock valued at $5,862,000 after buying an additional 26,251 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Virtus Diversified Income & Convertible Fund by 10.1% in the 3rd quarter. Raymond James Financial Inc. now owns 142,108 shares of the consumer goods maker’s stock valued at $3,425,000 after buying an additional 13,064 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in Virtus Diversified Income & Convertible Fund by 5.9% in the first quarter. Bank of America Corp DE now owns 104,152 shares of the consumer goods maker’s stock worth $2,531,000 after buying an additional 5,804 shares during the last quarter.

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.