Rivernorth Capital Management LLC lessened its stake in shares of ALLIANZGI CNV &/COM (NYSE:CBH) by 27.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 696,518 shares of the company’s stock after selling 259,231 shares during the period. Rivernorth Capital Management LLC’s holdings in ALLIANZGI CNV &/COM were worth $6,429,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Winslow Evans & Crocker Inc. raised its stake in shares of ALLIANZGI CNV &/COM by 3.5% during the second quarter. Winslow Evans & Crocker Inc. now owns 35,208 shares of the company’s stock valued at $326,000 after acquiring an additional 1,200 shares in the last quarter. Synovus Financial Corp raised its stake in shares of ALLIANZGI CNV &/COM by 21.2% during the second quarter. Synovus Financial Corp now owns 10,300 shares of the company’s stock valued at $96,000 after acquiring an additional 1,800 shares in the last quarter. Bank of America Corp DE raised its stake in shares of ALLIANZGI CNV &/COM by 1.9% during the second quarter. Bank of America Corp DE now owns 184,379 shares of the company’s stock valued at $1,702,000 after acquiring an additional 3,463 shares in the last quarter. Capital Bank & Trust Co bought a new stake in shares of ALLIANZGI CNV &/COM during the second quarter valued at approximately $32,000. Finally, First Trust Advisors LP raised its stake in shares of ALLIANZGI CNV &/COM by 3.5% during the first quarter. First Trust Advisors LP now owns 114,642 shares of the company’s stock valued at $1,032,000 after acquiring an additional 3,828 shares in the last quarter.

Shares of ALLIANZGI CNV &/COM stock traded down $0.01 on Friday, hitting $9.58. 885 shares of the company traded hands, compared to its average volume of 47,185. The stock’s 50 day moving average price is $9.32 and its 200-day moving average price is $9.19. ALLIANZGI CNV &/COM has a 52 week low of $7.61 and a 52 week high of $9.71.

The firm also recently disclosed a — dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be issued a dividend of $0.046 per share. This represents a yield of 5.9%. The ex-dividend date is Thursday, September 12th.

ALLIANZGI CNV &/COM Company Profile

AllianzGI Convertible & Income 2024 Target Term Fund is a closed ended balanced mutual fund launched and managed by Allianz Global Investors U.S. LLC. The fund invests in the public equity and fixed incomes markets of the United States. It invests in stocks of companies operating across diversified sectors.

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Institutional Ownership by Quarter for ALLIANZGI CNV &/COM (NYSE:CBH)

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