ALLIANZGI cnv &/COM (CBH) is Mariner Investment Group LLC’s 7th Largest Position

Mariner Investment Group LLC cut its stake in ALLIANZGI cnv &/COM (NYSE:CBH) by 17.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 144,817 shares of the company’s stock after selling 30,046 shares during the quarter. ALLIANZGI cnv &/COM comprises approximately 2.7% of Mariner Investment Group LLC’s investment portfolio, making the stock its 7th biggest position. Mariner Investment Group LLC’s holdings in ALLIANZGI cnv &/COM were worth $1,332,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in ALLIANZGI cnv &/COM by 90.1% in the 1st quarter. Royal Bank of Canada now owns 41,430 shares of the company’s stock valued at $382,000 after acquiring an additional 19,632 shares in the last quarter. First Trust Advisors LP acquired a new position in ALLIANZGI cnv &/COM in the 2nd quarter valued at $1,055,000. Usca Ria LLC acquired a new position in ALLIANZGI cnv &/COM in the 2nd quarter valued at $255,000. Shaker Financial Services LLC raised its holdings in ALLIANZGI cnv &/COM by 54.8% in the 2nd quarter. Shaker Financial Services LLC now owns 303,525 shares of the company’s stock valued at $2,808,000 after acquiring an additional 107,504 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in ALLIANZGI cnv &/COM by 47.3% in the 1st quarter. Wells Fargo & Company MN now owns 172,680 shares of the company’s stock valued at $1,592,000 after acquiring an additional 55,470 shares in the last quarter.

In other news, insider Allianz Asset Management Of Am sold 10,736 shares of ALLIANZGI cnv &/COM stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $9.21, for a total value of $98,878.56. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Justin Kass purchased 4,600 shares of the firm’s stock in a transaction dated Wednesday, October 10th. The stock was acquired at an average price of $8.90 per share, for a total transaction of $40,940.00. The disclosure for this purchase can be found here.



NYSE CBH traded down $0.02 during midday trading on Friday, hitting $8.83. The company had a trading volume of 7,002 shares, compared to its average volume of 44,083. ALLIANZGI cnv &/COM has a twelve month low of $8.68 and a twelve month high of $9.70.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 1st. Shareholders of record on Thursday, October 11th will be issued a $0.046 dividend. The ex-dividend date of this dividend is Wednesday, October 10th. This represents a $0.55 annualized dividend and a yield of 6.25%.

ALLIANZGI cnv &/COM Profile

There is no company description available for AllianzGI Convertible & Income 2024 Target Term Fund.

Further Reading: Why does a company issue an IPO?

Want to see what other hedge funds are holding CBH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ALLIANZGI cnv &/COM (NYSE:CBH).

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

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