Virtus Convertible & Income Fund (NYSE:NCV) Shares Pass Above 50-Day Moving Average – What’s Next?

Virtus Convertible & Income Fund (NYSE:NCV) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $15.30 and traded as high as $15.46. Virtus Convertible & Income Fund shares last traded at $15.3750, with a volume of 53,205 shares trading hands.

Virtus Convertible & Income Fund Stock Performance

The business has a fifty day moving average of $15.30 and a 200-day moving average of $14.80.

Virtus Convertible & Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Thursday, February 12th will be given a $0.136 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date is Thursday, February 12th.

Institutional Trading of Virtus Convertible & Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Park Avenue Securities LLC purchased a new stake in shares of Virtus Convertible & Income Fund in the third quarter worth $1,312,000. Shaker Financial Services LLC purchased a new position in Virtus Convertible & Income Fund during the third quarter worth about $515,000. Blue Bell Private Wealth Management LLC increased its stake in Virtus Convertible & Income Fund by 649.9% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 6,749 shares of the investment management company’s stock worth $101,000 after acquiring an additional 5,849 shares during the last quarter. Congress Park Capital LLC raised its holdings in shares of Virtus Convertible & Income Fund by 16.6% in the 3rd quarter. Congress Park Capital LLC now owns 633,850 shares of the investment management company’s stock valued at $9,508,000 after acquiring an additional 90,027 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its position in shares of Virtus Convertible & Income Fund by 66.1% during the 2nd quarter. Osaic Holdings Inc. now owns 89,247 shares of the investment management company’s stock valued at $1,267,000 after acquiring an additional 35,526 shares during the last quarter.

Virtus Convertible & Income Fund Company Profile

Virtus Convertible & Income Fund Inc (NYSE: NCV) is a diversified, closed-end management investment company sponsored by Virtus Investment Partners. Listed on the New York Stock Exchange, the fund seeks to deliver a high level of total return by investing primarily in convertible securities and other income-oriented instruments. It pursues a balanced approach that combines elements of equity growth potential with fixed-income stability, aiming to appeal to investors focused on current income and long-term capital appreciation.

The fund’s portfolio is constructed predominantly of convertible bonds issued by U.S.