AllianzGI Diversified Income & Convertible Fund (NYSE:ACV) Shares Pass Above Two Hundred Day Moving Average of $24.51

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AllianzGI Diversified Income & Convertible Fund (NYSE:ACV)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $24.51 and traded as high as $28.03. AllianzGI Diversified Income & Convertible Fund shares last traded at $27.98, with a volume of 46,862 shares.

The stock’s fifty day simple moving average is $26.39 and its 200 day simple moving average is $24.51.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Thursday, November 12th will be issued a dividend of $0.167 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $2.00 annualized dividend and a dividend yield of 7.16%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its position in AllianzGI Diversified Income & Convertible Fund by 19.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 296,970 shares of the consumer goods maker’s stock worth $6,845,000 after purchasing an additional 48,678 shares in the last quarter. Shaker Financial Services LLC purchased a new position in shares of AllianzGI Diversified Income & Convertible Fund during the 2nd quarter valued at approximately $786,000. RMB Capital Management LLC purchased a new position in shares of AllianzGI Diversified Income & Convertible Fund during the 3rd quarter valued at approximately $704,000. Envestnet Asset Management Inc. purchased a new position in shares of AllianzGI Diversified Income & Convertible Fund during the 2nd quarter valued at approximately $515,000. Finally, Raymond James & Associates lifted its position in shares of AllianzGI Diversified Income & Convertible Fund by 16.5% during the 2nd quarter. Raymond James & Associates now owns 129,712 shares of the consumer goods maker’s stock valued at $2,990,000 after buying an additional 18,394 shares in the last quarter.

About AllianzGI Diversified Income & Convertible Fund (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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