Virtus Convertible & Income Fund (NYSE:NCV) Stock Passes Below Two Hundred Day Moving Average of $3.21

Virtus Convertible & Income Fund (NYSE:NCV)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.21 and traded as low as $3.09. Virtus Convertible & Income Fund shares last traded at $3.12, with a volume of 397,243 shares changing hands.

Virtus Convertible & Income Fund Stock Up 1.9 %

The business has a fifty day moving average price of $3.22 and a two-hundred day moving average price of $3.21.

Virtus Convertible & Income Fund Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 11th will be paid a dividend of $0.034 per share. This represents a dividend yield of 12.48%. The ex-dividend date is Wednesday, April 10th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NCV. International Assets Investment Management LLC grew its position in Virtus Convertible & Income Fund by 237.0% in the fourth quarter. International Assets Investment Management LLC now owns 8,128 shares of the investment management company’s stock worth $27,000 after acquiring an additional 5,716 shares in the last quarter. Fortitude Family Office LLC bought a new stake in Virtus Convertible & Income Fund in the fourth quarter worth $34,000. Coldstream Capital Management Inc. bought a new stake in Virtus Convertible & Income Fund in the fourth quarter worth $37,000. Occidental Asset Management LLC acquired a new position in Virtus Convertible & Income Fund during the fourth quarter worth $38,000. Finally, Capital Investment Advisors LLC bought a new position in Virtus Convertible & Income Fund during the third quarter valued at about $40,000.

About Virtus Convertible & Income Fund

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.