Virtus Diversified Income & Convertible Fund (NYSE:ACV) to Issue $0.18 Monthly Dividend

Virtus Diversified Income & Convertible Fund (NYSE:ACV) announced a monthly dividend on Wednesday, November 19th. Stockholders 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) dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date is Thursday, December 11th.

Virtus Diversified Income & Convertible Fund Stock Down 0.3%

Virtus Diversified Income & Convertible Fund stock opened at $24.80 on Thursday. The company has a fifty day simple moving average of $24.79 and a 200-day simple moving average of $23.23. Virtus Diversified Income & Convertible Fund has a 12-month low of $17.00 and a 12-month high of $26.33.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Advisors Asset Management Inc. boosted its holdings in Virtus Diversified Income & Convertible Fund by 27.5% in the second quarter. Advisors Asset Management Inc. now owns 232,133 shares of the consumer goods maker’s stock valued at $5,314,000 after purchasing an additional 50,027 shares in the last quarter. Guggenheim Capital LLC lifted its position in shares of Virtus Diversified Income & Convertible Fund by 17.9% during the 2nd quarter. Guggenheim Capital LLC now owns 289,591 shares of the consumer goods maker’s stock worth $6,629,000 after buying an additional 43,866 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of Virtus Diversified Income & Convertible Fund in the 2nd quarter valued at $560,000. Wolverine Asset Management LLC acquired a new position in shares of Virtus Diversified Income & Convertible Fund in the 3rd quarter valued at $468,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in shares of Virtus Diversified Income & Convertible Fund in the 3rd quarter valued at $405,000.

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.