Virtus Convertible & Income 2024 Target Term Fund (NYSE:CBH) Trading 0.1% Higher

Virtus Convertible & Income 2024 Target Term Fund (NYSE:CBH)’s stock price traded up 0.1% during trading on Friday . The stock traded as high as $9.20 and last traded at $9.19. 113,700 shares were traded during trading, an increase of 117% from the average session volume of 52,422 shares. The stock had previously closed at $9.18.

Virtus Convertible & Income 2024 Target Term Fund Stock Performance

The business has a 50-day moving average of $9.15 and a two-hundred day moving average of $8.98.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Bulldog Investors LLP acquired a new position in Virtus Convertible & Income 2024 Target Term Fund in the fourth quarter valued at about $149,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Virtus Convertible & Income 2024 Target Term Fund in the 1st quarter worth approximately $156,000. Sanctuary Advisors LLC bought a new stake in Virtus Convertible & Income 2024 Target Term Fund during the 2nd quarter worth approximately $510,000. StoneX Group Inc. acquired a new stake in Virtus Convertible & Income 2024 Target Term Fund during the 4th quarter valued at $623,000. Finally, Beverly Hills Private Wealth LLC increased its holdings in Virtus Convertible & Income 2024 Target Term Fund by 224.2% during the 2nd quarter. Beverly Hills Private Wealth LLC now owns 260,935 shares of the company’s stock valued at $2,352,000 after purchasing an additional 180,438 shares in the last quarter.

About Virtus Convertible & Income 2024 Target Term Fund

Virtus Convertible & Income 2024 Target Term Fund is a closed ended balanced mutual fund launched and managed by Allianz Global Investors U.S. LLC. The fund invests in the public equity and fixed incomes markets of the United States. It invests in stocks of companies operating across diversified sectors.