Virtus Convertible & Income Fund (NYSE:NCV) Stock Price Passes Below 200-Day Moving Average of $3.25

Shares of Virtus Convertible & Income Fund (NYSE:NCV) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.25 and traded as low as $3.20. Virtus Convertible & Income Fund shares last traded at $3.22, with a volume of 507,648 shares traded.

Virtus Convertible & Income Fund Stock Performance

The stock’s 50 day moving average is $3.19 and its two-hundred day moving average is $3.25.

Virtus Convertible & Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, July 30th. Investors of record on Thursday, July 11th will be paid a dividend of $0.034 per share. The ex-dividend date is Thursday, July 11th. This represents a $0.41 dividend on an annualized basis and a dividend yield of 12.69%.

Institutional Trading of Virtus Convertible & Income Fund

Large investors have recently made changes to their positions in the company. Integrated Capital Management Inc. boosted its holdings in Virtus Convertible & Income Fund by 6.6% in the first quarter. Integrated Capital Management Inc. now owns 56,923 shares of the investment management company’s stock valued at $190,000 after purchasing an additional 3,549 shares in the last quarter. International Assets Investment Management LLC boosted 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 valued at $27,000 after acquiring an additional 5,716 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Virtus Convertible & Income Fund by 4.4% in the first quarter. Private Advisor Group LLC now owns 232,046 shares of the investment management company’s stock valued at $775,000 after acquiring an additional 9,828 shares during the period. Fortitude Family Office LLC acquired a new stake in shares of Virtus Convertible & Income Fund in the fourth quarter valued at approximately $34,000. Finally, Hartline Investment Corp acquired a new stake in shares of Virtus Convertible & Income Fund in the first quarter valued at approximately $35,000.

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.