Virtus Convertible & Income Fund II (NYSE:NCZ) Stock Price Passes Above 200-Day Moving Average – Here’s Why
by Amy Steele · The Cerbat GemShares of Virtus Convertible & Income Fund II (NYSE:NCZ – Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.13 and traded as high as $14.93. Virtus Convertible & Income Fund II shares last traded at $14.9090, with a volume of 53,884 shares changing hands.
Virtus Convertible & Income Fund II Price Performance
The firm has a fifty day simple moving average of $14.31 and a two-hundred day simple moving average of $14.14.
Virtus Convertible & Income Fund II Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Monday, May 11th will be issued a $0.12 dividend. The ex-dividend date is Monday, May 11th. This represents a c) annualized dividend and a yield of 9.6%.
Institutional Investors Weigh In On Virtus Convertible & Income Fund II
Several institutional investors and hedge funds have recently bought and sold shares of the business. PFG Investments LLC lifted its holdings in Virtus Convertible & Income Fund II by 8.9% in the 4th quarter. PFG Investments LLC now owns 11,390 shares of the investment management company’s stock worth $157,000 after buying an additional 927 shares during the period. CoreCap Advisors LLC lifted its holdings in Virtus Convertible & Income Fund II by 10.1% in the 4th quarter. CoreCap Advisors LLC now owns 10,530 shares of the investment management company’s stock worth $145,000 after buying an additional 969 shares during the period. Susquehanna International Group LLP lifted its holdings in Virtus Convertible & Income Fund II by 5.3% in the 3rd quarter. Susquehanna International Group LLP now owns 62,111 shares of the investment management company’s stock worth $850,000 after buying an additional 3,141 shares during the period. Raymond James Financial Inc. lifted its holdings in Virtus Convertible & Income Fund II by 9.2% in the 3rd quarter. Raymond James Financial Inc. now owns 58,595 shares of the investment management company’s stock worth $802,000 after buying an additional 4,954 shares during the period. Finally, Blue Bell Private Wealth Management LLC lifted its holdings in Virtus Convertible & Income Fund II by 4,943.6% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 7,515 shares of the investment management company’s stock worth $104,000 after buying an additional 7,366 shares during the period.
Virtus Convertible & Income Fund II Company Profile
Virtus Convertible & Income Fund II (NYSE: NCZ) is a diversified, closed‐end management investment company that seeks to provide shareholders with a combination of current income and capital appreciation. The fund primarily invests in convertible securities issued by U.S. and non-U.S. companies, along with a mix of high‐yield and investment-grade fixed-income instruments. By blending exposure to equity-linked convertibles and traditional debt, NCZ aims to deliver enhanced returns across varying market environments.
The portfolio is actively managed by the Virtus Convertible & Income Portfolio Management Team, a group of seasoned investment professionals affiliated with Virtus Investment Partners.