Allianzgi Diversified Income & Convertible Fund Stock News

ACV is a closed end fund that has a convertibles focus. The CEF however has a large outright equities sleeve and has the mandate to write covered calls on the respective holdings.

ACV holds quite a significant exposure to tech, which should continue to be pressured in the short-term but could deliver results longer-term. While waiting for a turnaround, this fund provides a mont

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From our previous update, this fund had gone through some wild premium spike but has come back down. With the latest discount, it appears that the fund is back in the more realistic discount territory

The Virtus AllianzGI Diversified Income & Convertible Fund strays beyond convertibles to assets that seem to question the fund's name. In researching another convertible CEF, ACV popped out as the onl

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20 out of 24 CEF sectors positive on price and 14 out of 24 sectors positive on NAV last week. It's pretty quiet in CEF-land, fund managers need holidays too. MLPs remain the most discounted sector.

ACV was briefly flirting with parity but has since returned to an attractive discount.

568516 with ticker code (ACV) now have 7 analysts covering the stock with the consensus suggesting a rating of ''Hold''. The range between the high target price and low target price is between 38 and 33 and has a mean target at 36.93. With the stocks previous close at 36.45 this indicates there is a potential upside of 1.3%. The 50 day MA is 35.74 and the 200 moving average now moves to 34.25. The market cap for the company is $372m. You can visit the company''s website by visiting: 0 [stock_market_widget type="chart" symbol="ACV" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] 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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ACV is overweight tech, and that has contributed to the strong returns of the fund historically. Going forward, tech will remain relevant but may face headwinds with interest rates.

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promise high distributions and reasonable total returns.

ACV offers a yield of about 5.9%, quite attractive if it can be supported. I continue my look at CEFs beyond just the yield with a look at ACV which invests in the very hot convertible sector.

Every month I add some positions to my portfolio and share the buys I've made. One of the funds I added to was ACV, which is to take advantage of the lull that tech has been in 2021 so far.