ACV
Virtus Diversified Income & Convertible FundACV
ACV
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.
0
Funds holding %
of 7,398 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
3% more capital invested
Capital invested by funds: $44M [Q3] → $45.5M (+$1.49M) [Q4]
0% more funds holding
Funds holding: 31 [Q3] → 31 (+0) [Q4]
0.27% less ownership
Funds ownership: 20.27% [Q3] → 20.0% (-0.27%) [Q4]
10% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 10
Research analyst outlook
We haven’t received any recent analyst ratings for ACV.
Financial journalist opinion
Based on 3 articles about ACV published over the past 30 days
Neutral
Business Wire
1 week ago
Virtus Diversified Income & Convertible Fund Discloses Sources of Distribution – Section 19(a) Notice
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Diversified Income & Convertible Fund (NYSE: ACV) previously announced the following monthly distribution on November 20, 2024: Ticker Amount of Distribution Ex-Date/Record Date Payable Date ACV $0.18 March 13, 2025 March 28, 2025 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full, from net investment income and realized capital gains, or a combination t.
Negative
Seeking Alpha
2 weeks ago
ACV: Near-Term Risks Should Not Be Ignored
The Virtus Diversified Income & Convertible Fund offers high current income and equity upside, outperforming traditional bonds in inflation-adjusted returns. Despite recent market volatility, the fund's distributions helped mitigate losses, outperforming the S&P 500 Index but underperforming the convertible bond index. The fund's assets change fairly frequently, and it has a very high turnover.
Neutral
Business Wire
4 weeks ago
Virtus Diversified Income & Convertible Fund Announces Distributions
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Diversified Income & Convertible Fund (NYSE: ACV) today announced the following monthly distributions: Amount of Distribution Ex-Date/Record Date Payable Date $0.18 April 11, 2025 April 29, 2025 $0.18 May 12, 2025 May 29, 2025 $0.18 June 12, 2025 June 27, 2025 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full, from net investment income and realized cap.
Neutral
Business Wire
1 month ago
Virtus Diversified Income & Convertible Fund Discloses Sources of Distribution – Section 19(a) Notice
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Diversified Income & Convertible Fund (NYSE: ACV) previously announced the following monthly distribution on November 20, 2024: Ticker Amount of Distribution Ex-Date/Record Date Payable Date ACV $0.18 February 13, 2025 February 27, 2025 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full, from net investment income and realized capital gains, or a combina.
Neutral
Business Wire
2 months ago
Virtus Diversified Income & Convertible Fund Discloses Sources of Distribution – Section 19(a) Notice
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Diversified Income & Convertible Fund (NYSE: ACV) previously announced the following monthly distribution on November 20, 2024: Ticker Amount of Distribution Ex-Date/Record Date Payable Date ACV $0.18 January 13, 2025 January 30, 2025 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full, from net investment income and realized capital gains, or a combinati.
Neutral
Business Wire
3 months ago
Virtus Diversified Income & Convertible Fund Discloses Sources of Distribution – Section 19(a) Notice
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Diversified Income & Convertible Fund (NYSE: ACV) previously announced the following monthly distribution on November 20, 2024: Ticker Amount of Distribution Ex-Date/Record Date Payable Date ACV $0.18 December 12, 2024 December 30, 2024 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full, from net investment income and realized capital gains, or a combina.
Positive
Seeking Alpha
4 months ago
ACV: Steady Monthly Distribution From A Hybrid Portfolio
Virtus Diversified Income & Convertible Fund offers a hybrid portfolio with a focus on convertibles but also incorporating equities, and high-yield bonds. The fund's 9.65% distribution yield will need to be supported by capital gains in the underlying portfolio, but NII has been growing. The continuing narrow discount means it still isn't a bargain but could still be worth considering in smaller accumulations or for the watch list.
Neutral
Business Wire
4 months ago
Virtus Diversified Income & Convertible Fund Announces Distributions and Discloses Sources of Distributions - Section 19(a) Notice
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Diversified Income & Convertible Fund (NYSE: ACV) today announced the following monthly distributions: Amount of Distribution Ex-Date/Record Date Payable Date $0.18 December 12, 2024 December 30, 2024 $0.18 January 13, 2025 January 30, 2025 $0.18 February 13, 2025 February 27, 2025 $0.18 March 13, 2025 March 28, 2025 The Fund previously announced the following monthly distribution on August 29, 2024: Amount of Distribution Ex-Date Record Date Payable.
Neutral
Business Wire
5 months ago
Virtus Diversified Income & Convertible Fund Discloses Sources of Distribution – Section 19(a) Notice
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Diversified Income & Convertible Fund (NYSE: ACV) previously announced the following monthly distribution on August 29, 2024: Ticker Amount of Distribution Ex-Date Record Date Payable Date ACV $0.18 October 11, 2024 October 11, 2024 October 30, 2024 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full, from net investment income and realized capital gains,.
Positive
Seeking Alpha
5 months ago
ACV: This Fund Is Now Covering Its Distributions And Is Worthy Of Consideration
The Virtus Diversified Income & Convertible Fund offers a high yield of 9.96%, outperforming most peers and providing strong income potential for investors. The fund's recent price performance includes 5.55% capital appreciation, although it lags behind the S&P 500 due to its hybrid nature of stocks and bonds. The fund engages in a substantial amount of trading activity, so it might not always be the most tax-efficient fund.
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