Virtus Convertible & Income Fund (NCV) To Go Ex-Dividend on June 15th

Virtus Convertible & Income Fund (NYSE:NCV) announced a monthly dividend on Wednesday, June 3rd. Stockholders of record on Monday, June 15th will be paid a dividend of 0.136 per share by the investment management company on Monday, June 29th. This represents a c) dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date is Monday, June 15th.

Virtus Convertible & Income Fund Stock Up 1.1%

NCV stock opened at $17.17 on Friday. The firm’s fifty day moving average is $16.76 and its 200 day moving average is $16.01. Virtus Convertible & Income Fund has a 52 week low of $13.45 and a 52 week high of $17.60.

Institutional Investors Weigh In On Virtus Convertible & Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of NCV. Congress Park Capital LLC boosted its holdings in Virtus Convertible & Income Fund by 16.0% during the 4th quarter. Congress Park Capital LLC now owns 735,137 shares of the investment management company’s stock valued at $11,137,000 after acquiring an additional 101,287 shares during the period. Saba Capital Management L.P. increased its stake in Virtus Convertible & Income Fund by 373.3% in the 1st quarter. Saba Capital Management L.P. now owns 723,578 shares of the investment management company’s stock worth $10,767,000 after purchasing an additional 570,704 shares during the period. Advisors Asset Management Inc. increased its stake in Virtus Convertible & Income Fund by 6.3% in the 4th quarter. Advisors Asset Management Inc. now owns 699,109 shares of the investment management company’s stock worth $10,592,000 after purchasing an additional 41,631 shares during the period. LPL Financial LLC lifted its position in Virtus Convertible & Income Fund by 11.1% in the fourth quarter. LPL Financial LLC now owns 369,672 shares of the investment management company’s stock valued at $5,601,000 after purchasing an additional 37,012 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its stake in shares of Virtus Convertible & Income Fund by 70.3% during the fourth quarter. Guggenheim Capital LLC now owns 337,948 shares of the investment management company’s stock valued at $5,120,000 after purchasing an additional 139,536 shares during the period.

About Virtus Convertible & Income Fund

Virtus Convertible & Income Fund Inc (NYSE: NCV) is a diversified, closed-end management investment company sponsored by Virtus Investment Partners. Listed on the New York Stock Exchange, the fund seeks to deliver a high level of total return by investing primarily in convertible securities and other income-oriented instruments. It pursues a balanced approach that combines elements of equity growth potential with fixed-income stability, aiming to appeal to investors focused on current income and long-term capital appreciation.

The fund’s portfolio is constructed predominantly of convertible bonds issued by U.S.