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

Virtus Diversified Income & Convertible Fund (NYSE:ACV) declared a monthly dividend on Wednesday, November 19th. Investors of record on Thursday, December 11th will be paid a dividend of 0.18 per share by the consumer goods maker on Tuesday, December 30th. This represents a c) annualized dividend and a yield of 8.7%. The ex-dividend date of this dividend is Thursday, December 11th.

Virtus Diversified Income & Convertible Fund Price Performance

ACV stock opened at $24.80 on Thursday. Virtus Diversified Income & Convertible Fund has a 52-week low of $17.00 and a 52-week high of $26.33. The business has a fifty day moving average of $24.79 and a two-hundred day moving average of $23.23.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ACV. LPL Financial LLC increased its position in shares of Virtus Diversified Income & Convertible Fund by 1.8% during the first quarter. LPL Financial LLC now owns 284,518 shares of the consumer goods maker’s stock valued at $5,690,000 after acquiring an additional 4,991 shares during the last quarter. Shaker Financial Services LLC boosted its position in shares of Virtus Diversified Income & Convertible Fund by 14.6% during the 1st quarter. Shaker Financial Services LLC now owns 42,344 shares of the consumer goods maker’s stock worth $847,000 after purchasing an additional 5,391 shares during the period. Invesco Ltd. acquired a new stake in Virtus Diversified Income & Convertible Fund in the 1st quarter valued at approximately $205,000. Elequin Capital LP purchased a new stake in Virtus Diversified Income & Convertible Fund in the first quarter valued at approximately $37,000. Finally, Royal Bank of Canada lifted its stake in Virtus Diversified Income & Convertible Fund by 18.4% during the first quarter. Royal Bank of Canada now owns 65,491 shares of the consumer goods maker’s stock worth $1,310,000 after purchasing an additional 10,200 shares in the last quarter.

About Virtus Diversified Income & Convertible Fund

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.