Virtus Convertible & Income Fund (NYSE:NCV) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Virtus Convertible & Income Fund (NYSE:NCV) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.98 and traded as low as $13.05. Virtus Convertible & Income Fund shares last traded at $13.11, with a volume of 105,617 shares traded.

Virtus Convertible & Income Fund Trading Down 0.1 %

The company has a fifty day moving average of $13.81 and a 200-day moving average of $13.98.

Virtus Convertible & Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.136 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $1.63 annualized dividend and a dividend yield of 12.45%.

Institutional Investors Weigh In On Virtus Convertible & Income Fund

Several large investors have recently made changes to their positions in NCV. Thrivent Financial for Lutherans lifted its stake in Virtus Convertible & Income Fund by 61.1% in the third quarter. Thrivent Financial for Lutherans now owns 158,200 shares of the investment management company’s stock valued at $554,000 after acquiring an additional 60,000 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Virtus Convertible & Income Fund by 226.1% in the 3rd quarter. Larson Financial Group LLC now owns 15,000 shares of the investment management company’s stock valued at $52,000 after purchasing an additional 10,400 shares during the last quarter. Ionic Capital Management LLC bought a new stake in Virtus Convertible & Income Fund in the third quarter worth $64,000. Jane Street Group LLC bought a new stake in Virtus Convertible & Income Fund in the third quarter worth $36,000. Finally, PVG Asset Management Corp acquired a new position in Virtus Convertible & Income Fund during the third quarter worth $45,000.

Virtus Convertible & Income Fund Company Profile

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.