Virtus Diversified Income & Convertible FundACV
Market Cap: $215M
About: Virtus AllianzGI Diversified Income & Convertible Fund is a diversified, closed-end management investment company. The fund's investment objective is to provide total return through a combination of current income and capital appreciation while seeking to provide downside protection against capital loss. It seeks to achieve its investment objective by investing in a combination of convertible securities, debt and other income-producing instruments and common stocks and other equity securities.
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
83% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 6
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
11% more funds holding
Funds holding: 28 [Q1] → 31 (+3) [Q2]
1.2% less ownership
Funds ownership: 20.72% [Q1] → 19.52% (-1.2%) [Q2]
16% less capital invested
Capital invested by funds: $51.3M [Q1] → $43M (-$8.34M) [Q2]
Research analyst outlook
We haven’t received any recent analyst ratings for ACV.