Virtus Convertible & Income Fund (NYSE:NCV) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Virtus Convertible & Income Fund (NYSE:NCV)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.94 and traded as low as $11.79. Virtus Convertible & Income Fund shares last traded at $11.89, with a volume of 185,632 shares traded.

Virtus Convertible & Income Fund Stock Down 5.4 %

The business has a fifty day moving average price of $13.61 and a 200 day moving average price of $13.94.

Virtus Convertible & Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.136 per share. The ex-dividend date is Thursday, June 12th. This represents a $1.63 annualized dividend and a yield of 13.73%.

Hedge Funds Weigh In On Virtus Convertible & Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC acquired a new stake in Virtus Convertible & Income Fund in the 3rd quarter valued at $36,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of Virtus Convertible & Income Fund in the fourth quarter worth about $37,000. Meridian Wealth Management LLC purchased a new stake in shares of Virtus Convertible & Income Fund during the 4th quarter valued at about $43,000. PVG Asset Management Corp acquired a new position in Virtus Convertible & Income Fund during the 3rd quarter worth approximately $45,000. Finally, SVB Wealth LLC purchased a new position in Virtus Convertible & Income Fund in the 4th quarter worth approximately $77,000.

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.