Allianzgi Diversified Incm and Cnvrtb Fd (NYSE:ACV) Shares Pass Above Two Hundred Day Moving Average of $23.17

Allianzgi Diversified Incm and Cnvrtb Fd (NYSE:ACV) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $23.17 and traded as high as $23.59. Allianzgi Diversified Incm and Cnvrtb Fd shares last traded at $23.45, with a volume of 552 shares traded.

The stock’s fifty day moving average is $23.56 and its two-hundred day moving average is $23.17.

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be issued a dividend of $0.167 per share. The ex-dividend date is Thursday, September 12th. This represents a $2.00 dividend on an annualized basis and a yield of 8.54%.

In related news, insider Justin Kass sold 16,700 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $23.69, for a total transaction of $395,623.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Institutional investors and hedge funds have recently modified their holdings of the stock. National Asset Management Inc. increased its holdings in shares of Allianzgi Diversified Incm and Cnvrtb Fd by 1.9% in the second quarter. National Asset Management Inc. now owns 23,180 shares of the consumer goods maker’s stock valued at $542,000 after purchasing an additional 443 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Allianzgi Diversified Incm and Cnvrtb Fd by 3.4% in the second quarter. Royal Bank of Canada now owns 28,063 shares of the consumer goods maker’s stock valued at $655,000 after purchasing an additional 930 shares during the last quarter. Wedbush Securities Inc. increased its holdings in shares of Allianzgi Diversified Incm and Cnvrtb Fd by 13.6% in the second quarter. Wedbush Securities Inc. now owns 15,342 shares of the consumer goods maker’s stock valued at $358,000 after purchasing an additional 1,842 shares during the last quarter. Advisor Group Inc. increased its holdings in shares of Allianzgi Diversified Incm and Cnvrtb Fd by 165.2% in the second quarter. Advisor Group Inc. now owns 7,425 shares of the consumer goods maker’s stock valued at $173,000 after purchasing an additional 4,625 shares during the last quarter. Finally, LPL Financial LLC acquired a new position in shares of Allianzgi Diversified Incm and Cnvrtb Fd in the second quarter valued at $210,000.

Allianzgi Diversified Incm and Cnvrtb Fd Company Profile (NYSE:ACV)

AllianzGI 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.

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