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

Virtus Convertible & Income Fund (NYSE:NCV) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Virtus Convertible & Income Fund Trading Down 0.6 %

The firm’s 50 day moving average price is $3.23 and its two-hundred day moving average price is $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 issued a $0.034 dividend. The ex-dividend date is Wednesday, April 10th. This represents a yield of 12.48%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NCV. Capital Investment Advisors LLC purchased a new position in shares of Virtus Convertible & Income Fund during the 3rd quarter worth approximately $40,000. Raymond James & Associates increased its stake in shares of Virtus Convertible & Income Fund by 127.4% during the 3rd quarter. Raymond James & Associates now owns 59,563 shares of the investment management company’s stock worth $185,000 after purchasing an additional 33,370 shares in the last quarter. Advisor Partners II LLC purchased a new position in shares of Virtus Convertible & Income Fund during the 3rd quarter worth approximately $938,000. Park Avenue Securities LLC increased its stake in shares of Virtus Convertible & Income Fund by 8.8% during the 3rd quarter. Park Avenue Securities LLC now owns 347,324 shares of the investment management company’s stock worth $1,080,000 after purchasing an additional 28,038 shares in the last quarter. Finally, Shaker Financial Services LLC increased its stake in shares of Virtus Convertible & Income Fund by 55.3% during the 3rd quarter. Shaker Financial Services LLC now owns 109,022 shares of the investment management company’s stock worth $343,000 after purchasing an additional 38,822 shares in the last quarter.

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.