Virtus Diversified Income & Convertible Fund Declares Dividend of $0.18 (NYSE:ACV)

Virtus Diversified Income & Convertible Fund (NYSE:ACV) declared a dividend on Wednesday, July 2nd, investing.com reports. Investors of record on Monday, July 14th will be given a dividend of 0.18 per share by the consumer goods maker on Wednesday, July 30th. This represents a dividend yield of 9.42%. The ex-dividend date is Friday, July 11th.

Virtus Diversified Income & Convertible Fund Stock Down 1.1%

Shares of ACV opened at $22.66 on Thursday. The stock’s 50 day moving average is $21.66 and its two-hundred day moving average is $21.41. Virtus Diversified Income & Convertible Fund has a twelve month low of $17.00 and a twelve month high of $23.39.

Institutional Trading of Virtus Diversified Income & Convertible Fund

A hedge fund recently raised its stake in Virtus Diversified Income & Convertible Fund stock. Royal Bank of Canada boosted its stake in Virtus Diversified Income & Convertible Fund (NYSE:ACV) by 18.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,491 shares of the consumer goods maker’s stock after acquiring an additional 10,200 shares during the quarter. Royal Bank of Canada’s holdings in Virtus Diversified Income & Convertible Fund were worth $1,310,000 at the end of the most recent reporting period.

Virtus Diversified Income & Convertible Fund Company Profile

Virtus Diversified Income & Convertible Fund is a closed-ended balanced 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 the public equity and fixed income markets. The fund primarily invests in diversified portfolio of convertible securities, income-producing equity securities, and income-producing debt and other instruments of varying maturities.