Virtus Diversified Income & Convertible Fund (ACV) To Go Ex-Dividend on August 13th

Virtus Diversified Income & Convertible Fund (NYSE:ACV) declared a monthly dividend on Wednesday, June 3rd. Investors of record on Thursday, August 13th will be given a dividend of 0.18 per share by the consumer goods maker on Friday, August 28th. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Thursday, August 13th.

Virtus Diversified Income & Convertible Fund Stock Performance

Virtus Diversified Income & Convertible Fund stock opened at $28.08 on Friday. Virtus Diversified Income & Convertible Fund has a fifty-two week low of $21.74 and a fifty-two week high of $29.04. The firm’s 50-day simple moving average is $26.32 and its 200 day simple moving average is $26.49.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. boosted its holdings in Virtus Diversified Income & Convertible Fund by 56.5% during the first quarter. D.A. Davidson & CO. now owns 14,198 shares of the consumer goods maker’s stock worth $345,000 after purchasing an additional 5,126 shares during the last quarter. World Equity Group Inc. boosted its holdings in Virtus Diversified Income & Convertible Fund by 15.2% during the first quarter. World Equity Group Inc. now owns 34,392 shares of the consumer goods maker’s stock worth $836,000 after purchasing an additional 4,525 shares during the last quarter. Apollon Wealth Management LLC boosted its holdings in Virtus Diversified Income & Convertible Fund by 7.0% during the first quarter. Apollon Wealth Management LLC now owns 25,623 shares of the consumer goods maker’s stock worth $623,000 after purchasing an additional 1,671 shares during the last quarter. CENTRAL TRUST Co purchased a new position in Virtus Diversified Income & Convertible Fund during the first quarter worth about $36,000. Finally, PMG Family Office LLC boosted its holdings in Virtus Diversified Income & Convertible Fund by 1.5% during the first quarter. PMG Family Office LLC now owns 43,023 shares of the consumer goods maker’s stock worth $1,045,000 after purchasing an additional 639 shares during the last quarter.

About Virtus Diversified Income & Convertible Fund

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.