FMP
Virtus Diversified Income & Convertible Fund
ACV
NYSE
Virtus Diversified Income & Convertible Fund is a closed-ended balanced 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 the public equity and fixed income markets. The fund primarily invests in diversified portfolio of convertible securities, income-producing equity securities, and income-producing debt and other instruments of varying maturities. It employs fundamental analysis along with bottom-up stock picking approach. Virtus Diversified Income & Convertible Fund was formed In May 27, 2015 and is domiciled in United States.
22.72 USD
0.1853 (0.816%)
Davit Kirakosyan
Dec 26, 2024
ACV Auctions Inc. (NASDAQ:ACVA) shares rose more than 2% intra-day today after Needham analysts raised their price target on the stock to $28 from $26, maintaining a Buy rating and naming the company as a top pick on the Needham Conviction List for the third consecutive year. The updated outlook reflects ACV’s strong position as a leader in dealer-to-dealer auctions and its promising growth trajectory. According to the analysts, ACV is positioned for sustained expansion, benefiting from improvin...
Seeking Alpha
Jul 29, 2024
Virtus Diversified Income & Convertible Fund offers a high yield of 10.63%, above the median for its peer group. The ACV closed-end fund's portfolio includes convertible securities, common stocks, and fixed-income assets, with recent changes in asset allocation. The fund continues to reduce convertible bonds in favor of junk bonds, which may not be the best move in a falling-rate environment.
24/7 Wall Street
May 12, 2024
Stock #6 : Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) Yield: 10.55% Number of shares for $20,000: 1,739 Monthly Dividend Income:~$175.83 Balanced funds offer both capital appreciation potential as well as the safety and income aspects of bonds.
Seeking Alpha
May 1, 2024
Virtus Diversified Income & Convertible Fund pays a 9.83% yield, which is certainly attractive for a closed-end fund that does not invest solely in fixed income. The ACV fund has underperformed the convertible index over the past 3 months but outperformed when distributions are included. The fund has reduced its allocation to convertible securities and increased its allocation to junk bonds since the start of the year.
Seeking Alpha
Feb 4, 2024
The Virtus Diversified Income & Convertible Fund invests in convertible securities, providing income-focused investors with potential upside of equity investments. The fund appears to be one of the better convertible CEFs offered by Virtus as it has managed to outperform the S&P 500 and the Convertible Stock Indices. The fund pays a high distribution yield of 9.50% and has a consistent distribution history, making it attractive for income-focused investors. However, its share price is currently ...
Seeking Alpha
Dec 23, 2023
For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separat...
Seeking Alpha
Nov 9, 2023
Virtus Diversified Income & Convertible Fund is a hybrid fund that invests across asset classes, though it tilts towards convertibles with a tech-tilt. The fund's leverage and being a closed-end fund can often make this fund quite volatile, which can lead to opportunities that can show up quickly but can disappear as quickly. The fund's distribution rate is quite tempting, but I would still remain cautious given that it is elevated while capital gains are needed to fund it.
Seeking Alpha
Oct 28, 2023
For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records, pay high distributions, and offer "excess" discounts. We try to separate t...
Seeking Alpha
Oct 5, 2023
Virtus Diversified Income & Convertible Fund specializes in convertible bonds to generate high-yield income for investors. Convertible bonds offer the benefit of participating in stock upside while still providing the safety of bonds but they offer lower yields in exchange. The fund is set to outperform when tech stocks are doing well and underperform when tech stocks are lagging.
Seeking Alpha
Sep 23, 2023
For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records, pay high distributions, and offer "excess" discounts. We try to separate t...