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

Virtus Convertible & Income Fund (NYSE:NCV)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.25 and traded as low as $3.22. Virtus Convertible & Income Fund shares last traded at $3.25, with a volume of 995,603 shares changing hands.

Virtus Convertible & Income Fund Stock Up 0.3 %

The stock’s 50 day moving average price is $3.21 and its 200-day moving average price is $3.25.

Virtus Convertible & Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 30th. Shareholders of record on Thursday, July 11th will be issued a $0.034 dividend. The ex-dividend date is Thursday, July 11th. This represents a $0.41 annualized dividend and a yield of 12.55%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. 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 worth $27,000 after buying an additional 5,716 shares during the last quarter. Fortitude Family Office LLC purchased a new position in Virtus Convertible & Income Fund during the fourth quarter worth $34,000. Hartline Investment Corp purchased a new position in Virtus Convertible & Income Fund during the first quarter worth $35,000. Coldstream Capital Management Inc. purchased a new stake in shares of Virtus Convertible & Income Fund during the fourth quarter valued at $37,000. Finally, Occidental Asset Management LLC purchased a new stake in shares of Virtus Convertible & Income Fund during the fourth quarter valued at $38,000.

About Virtus Convertible & Income Fund

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.