Virtus Convertible & Income Fund (NYSE:NCV) Shares Cross Below Two Hundred Day Moving Average of $3.25

Shares of Virtus Convertible & Income Fund (NYSE:NCVGet Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.25 and traded as low as $3.23. Virtus Convertible & Income Fund shares last traded at $3.23, with a volume of 556,648 shares traded.

Virtus Convertible & Income Fund Price Performance

The company’s 50-day moving average is $3.20 and its two-hundred day moving average is $3.25.

Virtus Convertible & Income Fund Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, April 29th. Investors of record on Thursday, April 11th were given a $0.034 dividend. This represents a dividend yield of 12.48%. The ex-dividend date was Wednesday, April 10th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC grew its holdings in shares of 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 purchasing an additional 5,716 shares during the last quarter. Fortitude Family Office LLC purchased a new stake in Virtus Convertible & Income Fund in the fourth quarter worth $34,000. Hartline Investment Corp purchased a new position in Virtus Convertible & Income Fund during the first quarter valued at $35,000. Coldstream Capital Management Inc. purchased a new position in Virtus Convertible & Income Fund during the fourth quarter valued at $37,000. Finally, Occidental Asset Management LLC bought a new position in shares of Virtus Convertible & Income Fund during the fourth quarter valued at $38,000.

Virtus Convertible & Income Fund Company Profile

(Get Free Report)

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.

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