Advisors Asset Management Inc. Trims Stake in Allianzgi Diversified Incm and Cnvrtb Fd (ACV)

Advisors Asset Management Inc. trimmed its stake in shares of Allianzgi Diversified Incm and Cnvrtb Fd (NYSE:ACV) by 99.1% during the second quarter, HoldingsChannel reports. The firm owned 5,000 shares of the consumer goods maker’s stock after selling 558,628 shares during the period. Advisors Asset Management Inc.’s holdings in Allianzgi Diversified Incm and Cnvrtb Fd were worth $12,901,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN lifted its position in shares of Allianzgi Diversified Incm and Cnvrtb Fd by 22.9% during the first quarter. Wells Fargo & Company MN now owns 85,941 shares of the consumer goods maker’s stock worth $1,948,000 after purchasing an additional 16,024 shares in the last quarter. Usca Ria LLC acquired a new position in shares of Allianzgi Diversified Incm and Cnvrtb Fd during the first quarter worth approximately $200,000. Guggenheim Capital LLC acquired a new position in shares of Allianzgi Diversified Incm and Cnvrtb Fd during the first quarter worth approximately $10,194,000. Stifel Financial Corp acquired a new position in shares of Allianzgi Diversified Incm and Cnvrtb Fd during the first quarter worth approximately $465,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of Allianzgi Diversified Incm and Cnvrtb Fd by 29.1% during the second quarter. Janney Montgomery Scott LLC now owns 16,228 shares of the consumer goods maker’s stock worth $372,000 after purchasing an additional 3,660 shares in the last quarter.

Shares of ACV stock opened at $24.65 on Tuesday. Allianzgi Diversified Incm and Cnvrtb Fd has a 1 year low of $20.34 and a 1 year high of $25.31.

The business also recently announced a monthly dividend, which will be paid on Monday, October 1st. Stockholders of record on Friday, September 14th will be given a dividend of $0.167 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.13%.

Allianzgi Diversified Incm and Cnvrtb Fd Profile

AllianzGI Diversified Income & Convertible Fund is a diversified, closed-end management investment company. The Fund’s investment objective is to provide total return through a combination of current income and capital appreciation, while seeking to provide downside protection against capital loss. The Fund invests in a combination of convertible securities, debt and other income-producing instruments and common stocks and other equity securities.

Further Reading: How to Track your Portfolio in Google Finance

Want to see what other hedge funds are holding ACV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allianzgi Diversified Incm and Cnvrtb Fd (NYSE:ACV).

Institutional Ownership by Quarter for Allianzgi Diversified Incm and Cnvrtb Fd (NYSE:ACV)

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