Virtus Convertible & Income Fund (NYSE:NCV) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Virtus Convertible & Income Fund (NYSE:NCV)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.86 and traded as low as $12.27. Virtus Convertible & Income Fund shares last traded at $12.37, with a volume of 72,200 shares changing hands.

Virtus Convertible & Income Fund Trading Up 1.8 %

The stock has a 50-day moving average price of $13.26 and a 200-day moving average price of $13.85.

Virtus Convertible & Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, June 12th will be paid a $0.136 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $1.63 dividend on an annualized basis and a yield of 13.19%.

Institutional Trading of Virtus Convertible & Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in NCV. Jane Street Group LLC purchased a new position in Virtus Convertible & Income Fund in the third quarter worth $36,000. Kingswood Wealth Advisors LLC purchased a new position in shares of Virtus Convertible & Income Fund in the 4th quarter worth about $37,000. Doliver Advisors LP bought a new position in shares of Virtus Convertible & Income Fund during the 1st quarter valued at about $140,000. Meridian Wealth Management LLC bought a new position in shares of Virtus Convertible & Income Fund during the 4th quarter valued at about $43,000. Finally, PVG Asset Management Corp bought a new stake in Virtus Convertible & Income Fund in the 3rd quarter worth approximately $45,000.

Virtus Convertible & Income Fund Company Profile

Virtus Convertible & Income Fund is a closed ended fixed income 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 fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade.