Virtus Convertible & Income Fund (NYSE:NCV) Stock Crosses Below 200 Day Moving Average of $3.21

Virtus Convertible & Income Fund (NYSE:NCV)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.21 and traded as low as $3.05. Virtus Convertible & Income Fund shares last traded at $3.07, with a volume of 236,375 shares.

Virtus Convertible & Income Fund Stock Performance

The company has a fifty day moving average price of $3.24 and a two-hundred day moving average price of $3.21.

Virtus Convertible & Income Fund Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, April 11th will be issued a $0.034 dividend. This represents a yield of 12.48%. The ex-dividend date is Wednesday, April 10th.

Institutional Trading of Virtus Convertible & Income Fund

Several institutional investors have recently added to or reduced their stakes in NCV. B. Riley Wealth Advisors Inc. lifted its stake in Virtus Convertible & Income Fund by 4.4% in the first quarter. B. Riley Wealth Advisors Inc. now owns 74,447 shares of the investment management company’s stock valued at $253,000 after buying an additional 3,116 shares during the period. UBS Group AG lifted its stake in Virtus Convertible & Income Fund by 3.7% in the first quarter. UBS Group AG now owns 86,726 shares of the investment management company’s stock valued at $436,000 after buying an additional 3,118 shares during the period. Integrated Capital Management Inc. lifted its stake 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 buying an additional 3,549 shares during the period. Pinnacle Wealth Planning Services Inc. lifted its stake in Virtus Convertible & Income Fund by 32.4% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 16,216 shares of the investment management company’s stock valued at $50,000 after buying an additional 3,968 shares during the period. Finally, MGO One Seven LLC lifted its stake in Virtus Convertible & Income Fund by 28.5% in the third quarter. MGO One Seven LLC now owns 20,652 shares of the investment management company’s stock valued at $64,000 after buying an additional 4,585 shares during the period.

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.