Virtus Diversified Income & Convertible Fund (ACV) to Issue Monthly Dividend of $0.18 on September 29th

Virtus Diversified Income & Convertible Fund (NYSE:ACV) declared a monthly dividend on Wednesday, September 2nd. Investors of record on Monday, September 14th will be given a dividend of 0.18 per share by the consumer goods maker on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 8.3%. The ex-dividend date is Monday, September 14th.

Virtus Diversified Income & Convertible Fund Stock Performance

ACV stock opened at $26.03 on Friday. Virtus Diversified Income & Convertible Fund has a one year low of $23.44 and a one year high of $29.04. The firm’s fifty day moving average is $26.99 and its 200 day moving average is $26.77.

Institutional Trading of Virtus Diversified Income & Convertible Fund

Several institutional investors have recently bought and sold shares of ACV. Guggenheim Capital LLC lifted its stake in Virtus Diversified Income & Convertible Fund by 19.7% in the 4th quarter. Guggenheim Capital LLC now owns 361,160 shares of the consumer goods maker’s stock valued at $9,495,000 after buying an additional 59,335 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Virtus Diversified Income & Convertible Fund by 13.3% in the fourth quarter. Advisors Asset Management Inc. now owns 222,978 shares of the consumer goods maker’s stock valued at $5,862,000 after acquiring an additional 26,251 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Virtus Diversified Income & Convertible Fund by 10.1% in the third quarter. Raymond James Financial Inc. now owns 142,108 shares of the consumer goods maker’s stock worth $3,425,000 after acquiring an additional 13,064 shares during the last quarter. Invesco Ltd. raised its stake in Virtus Diversified Income & Convertible Fund by 100.8% in the 4th quarter. Invesco Ltd. now owns 20,601 shares of the consumer goods maker’s stock valued at $542,000 after purchasing an additional 10,341 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in Virtus Diversified Income & Convertible Fund by 18.4% in the 1st quarter. Royal Bank of Canada now owns 65,491 shares of the consumer goods maker’s stock valued at $1,310,000 after purchasing an additional 10,200 shares in the last quarter.

Virtus Diversified Income & Convertible Fund Company Profile

Virtus Diversified Income & Convertible Fund (NYSE:ACV) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund maintains a diversified portfolio of convertible securities, corporate bonds, dividend-paying common stocks and preferred securities. By blending credit and equity-linked instruments, ACV aims to generate attractive yield while participating in potential upside as issuers’ share prices appreciate.

The fund is managed by Virtus Investment Partners and employs a bottom-up, research-driven process to identify opportunities across sectors and geographies.