) gained 0.7% in midday trading on Friday. The stock reached a high of $8.55 before trading at $8.53. A total of 27,470 shares have been traded, a 10% increase over the average daily trading volume of 24,969. Stock had closed previously at $8.47.
Virtus Convertible and Income 2024 Target Term fund trading up 0.7 %
A dividend was also paid by the business on May 1, 2018. The dividend was paid to stockholders who were in the books on April 13th. This dividend became payable on Wednesday, April 12.
Hedge funds weigh in on Virtus Convertible and Income 2024 Target Term fund
Recently, several large investors changed their stock holdings. B. Riley Wealth Advisors Inc. grew its holdings in the Virtus Convertible and Income 2024 Target-Term Fund by 3.6% over the third quarter. B. Riley Wealth Advisors Inc. owns 35 070 shares of the stock valued at $297,000, after purchasing an additional 1,228 during the period. Royal Bank of Canada increased their position in Virtus Convertible & income 2024 Target Term fund by 0.4% over the third quarter. Royal Bank of Canada owns 309 649 shares of stock in the company worth $2,620,000, after adding 1,269 more shares. Rockefeller Capital Management L.P. grew its holdings in Virtus Convertible & income 2024 Target Term fund by 27.0% over the third quarter. Rockefeller Capital Management L.P. owns 11,750 of the company’s shares worth $99,000, after purchasing an additional 2,500 during the period. Advisor Group Holdings Inc. purchased a new position of Virtus Convertible & Income Target Term Fund worth approximately $47,000 during the first quarter. Janney Montgomery Scott, LLC also increased its holdings in Virtus Convertible and Income 2024 Target Fund by 48.8% over the third quarter. Janney Montgomery Scott LLC owns 15,760 of the company’s shares worth $133,000, after adding 5,170 more shares.
Company Profile of Virtus Convertible & Income 2024 Target Term Fund
The Virtus AllianzGI 2024 Target Term Fund, a closed-end fund of investments, is a convertible and income investment. The fund's goal is to generate a high income level and return the original net asset value of the fund upon termination. The company was established on March 21, 2017. Its headquarters is in New York, NY.
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