Virtus Diversified Income & Convertible Fund (NYSE:ACV) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Virtus Diversified Income & Convertible Fund (NYSE:ACV) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.25 and traded as high as $27.20. Virtus Diversified Income & Convertible Fund shares last traded at $26.8660, with a volume of 31,353 shares changing hands.

Virtus Diversified Income & Convertible Fund Price Performance

The company has a 50-day moving average price of $26.98 and a two-hundred day moving average price of $25.25.

Virtus Diversified Income & Convertible Fund Dividend Announcement

The firm also recently announced a special dividend, which was paid on Friday, January 9th. Shareholders of record on Monday, December 29th were issued a $0.384 dividend. The ex-dividend date was Monday, December 29th. Virtus Diversified Income & Convertible Fund’s payout ratio is presently 141.82%.

Institutional Trading of Virtus Diversified Income & Convertible Fund

Several large investors have recently modified their holdings of ACV. Newbridge Financial Services Group Inc. acquired a new position in shares of Virtus Diversified Income & Convertible Fund during the 2nd quarter valued at $27,000. Farther Finance Advisors LLC bought a new stake in Virtus Diversified Income & Convertible Fund in the third quarter valued at $48,000. International Assets Investment Management LLC acquired a new position in shares of Virtus Diversified Income & Convertible Fund during the fourth quarter valued at about $73,000. Kestra Advisory Services LLC bought a new position in shares of Virtus Diversified Income & Convertible Fund during the 4th quarter worth about $144,000. Finally, Cornerstone Advisors LLC acquired a new stake in shares of Virtus Diversified Income & Convertible Fund in the 3rd quarter valued at about $178,000.

Virtus Diversified Income & Convertible Fund Company Profile

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.