Virtus Diversified Income & Convertible Fund (NYSE:ACV) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Virtus Diversified Income & Convertible Fund (NYSE:ACV) 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.

Virtus Diversified Income & Convertible Fund Stock Down 0.3%

The stock has a 50 day simple moving average of $26.98 and a 200 day simple moving average of $25.25.

Virtus Diversified Income & Convertible Fund Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ACV. Royal Bank of Canada increased its position in shares of Virtus Diversified Income & Convertible Fund by 18.4% during the first quarter. Royal Bank of Canada now owns 65,491 shares of the consumer goods maker’s stock worth $1,310,000 after acquiring an additional 10,200 shares in the last quarter. Apollon Wealth Management LLC bought a new stake in Virtus Diversified Income & Convertible Fund during the 2nd quarter worth approximately $229,000. Advisors Asset Management Inc. increased its holdings in Virtus Diversified Income & Convertible Fund by 27.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 232,133 shares of the consumer goods maker’s stock worth $5,314,000 after purchasing an additional 50,027 shares in the last quarter. Guggenheim Capital LLC raised its stake in shares of Virtus Diversified Income & Convertible Fund by 17.9% in the second quarter. Guggenheim Capital LLC now owns 289,591 shares of the consumer goods maker’s stock worth $6,629,000 after purchasing an additional 43,866 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Virtus Diversified Income & Convertible Fund by 3.0% in the second quarter. Bank of America Corp DE now owns 94,758 shares of the consumer goods maker’s stock valued at $2,169,000 after purchasing an additional 2,775 shares in the last quarter.

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.