Virtus Diversified Income & Convertible Fund Declares Monthly Dividend of $0.21 (NYSE:ACV)

Virtus Diversified Income & Convertible Fund (NYSE:ACV) declared a monthly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, November 12th will be paid a dividend of 0.215 per share by the consumer goods maker on Friday, November 27th. This represents a c) dividend on an annualized basis and a yield of 10.4%. The ex-dividend date is Thursday, November 12th.

Virtus Diversified Income & Convertible Fund Price Performance

NYSE:ACV traded down $0.39 on Thursday, hitting $24.86. The company’s stock had a trading volume of 10,283 shares, compared to its average volume of 26,636. Virtus Diversified Income & Convertible Fund has a one year low of $23.44 and a one year high of $29.04. The stock has a fifty day moving average of $26.58 and a two-hundred day moving average of $26.66.

Institutional Investors Weigh In On Virtus Diversified Income & Convertible Fund

Several hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new position in shares of Virtus Diversified Income & Convertible Fund in the second quarter valued at $276,000. World Equity Group Inc. lifted its stake in shares of Virtus Diversified Income & Convertible Fund by 22.0% during the 2nd quarter. World Equity Group Inc. now owns 41,950 shares of the consumer goods maker’s stock worth $1,189,000 after buying an additional 7,558 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Virtus Diversified Income & Convertible Fund by 5.9% during the 1st quarter. Bank of America Corp DE now owns 104,152 shares of the consumer goods maker’s stock worth $2,531,000 after buying an additional 5,804 shares during the period. Royal Bank of Canada grew its stake in Virtus Diversified Income & Convertible Fund by 6.5% in the 1st quarter. Royal Bank of Canada now owns 73,971 shares of the consumer goods maker’s stock valued at $1,797,000 after buying an additional 4,509 shares during the last quarter. Finally, D.A. Davidson & CO. increased its stake in shares of Virtus Diversified Income & Convertible Fund by 56.5% during the first quarter. D.A. Davidson & CO. now owns 14,198 shares of the consumer goods maker’s stock worth $345,000 after purchasing an additional 5,126 shares during the period.

Virtus Diversified Income & Convertible Fund Company Profile

Virtus Diversified Income & Convertible Fund (NYSE: ACV) is a publicly traded closed-end fund managed by Virtus Investment Advisers, Inc The fund seeks to provide total return through a combination of current income and capital appreciation.

ACV invests in a diversified portfolio of income-producing securities and convertible securities. Its holdings may include convertible bonds and preferred stocks, as well as common stocks and corporate debt securities, including below-investment-grade bonds.