Allianzgi Diversified Incm and Cnvrtb Fd (NYSE:ACV) insider Justin Kass sold 16,700 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $23.69, for a total transaction of $395,623.00. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of NYSE ACV opened at $23.70 on Friday. Allianzgi Diversified Incm and Cnvrtb Fd has a 12 month low of $17.51 and a 12 month high of $25.31. The stock has a fifty day moving average of $23.12.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Thursday, July 11th will be issued a $0.167 dividend. The ex-dividend date is Wednesday, July 10th. This represents a $2.00 annualized dividend and a yield of 8.46%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James & Associates raised its holdings in Allianzgi Diversified Incm and Cnvrtb Fd by 21.4% in the 1st quarter. Raymond James & Associates now owns 141,656 shares of the consumer goods maker’s stock worth $3,206,000 after purchasing an additional 25,018 shares in the last quarter. National Asset Management Inc. bought a new position in Allianzgi Diversified Incm and Cnvrtb Fd in the 1st quarter worth $515,000. Arlington Capital Management Inc. bought a new position in Allianzgi Diversified Incm and Cnvrtb Fd in the 1st quarter worth $243,000. Mid Atlantic Financial Management Inc. ADV bought a new position in Allianzgi Diversified Incm and Cnvrtb Fd in the 1st quarter worth $208,000. Finally, Baldwin Brothers Inc. MA bought a new position in Allianzgi Diversified Incm and Cnvrtb Fd in the 1st quarter worth $45,000.

About Allianzgi Diversified Incm and Cnvrtb Fd

AllianzGI 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.

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