Virtus Diversified Income & Convertible Fund (NYSE:ACV) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Virtus Diversified Income & Convertible Fund (NYSE:ACV)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $21.51 and traded as high as $21.80. Virtus Diversified Income & Convertible Fund shares last traded at $21.70, with a volume of 20,150 shares.

Virtus Diversified Income & Convertible Fund Trading Down 0.0 %

The business has a 50-day moving average price of $21.21 and a two-hundred day moving average price of $21.49.

Virtus Diversified Income & Convertible Fund Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, September 26th. Shareholders of record on Monday, September 16th were paid a $0.18 dividend. This represents a yield of 10.26%. The ex-dividend date of this dividend was Friday, September 13th. Virtus Diversified Income & Convertible Fund’s payout ratio is 130.91%.

Institutional Trading of Virtus Diversified Income & Convertible Fund

A number of large investors have recently modified their holdings of the company. International Assets Investment Management LLC acquired a new position in Virtus Diversified Income & Convertible Fund during the 2nd quarter worth $51,000. Janney Montgomery Scott LLC acquired a new stake in Virtus Diversified Income & Convertible Fund in the first quarter worth about $209,000. Commonwealth Equity Services LLC grew its position in Virtus Diversified Income & Convertible Fund by 42.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 12,640 shares of the consumer goods maker’s stock valued at $268,000 after buying an additional 3,745 shares in the last quarter. Shaker Financial Services LLC bought a new position in Virtus Diversified Income & Convertible Fund in the 2nd quarter valued at about $454,000. Finally, B. Riley Wealth Advisors Inc. increased its stake in Virtus Diversified Income & Convertible Fund by 4.5% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 24,621 shares of the consumer goods maker’s stock valued at $521,000 after buying an additional 1,062 shares during the period.

About Virtus Diversified Income & Convertible Fund

Virtus 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.