Virtus AllianzGI Convertible & Income Fund II Declares Monthly Dividend of $0.04 (NYSE:NCZ)

Virtus AllianzGI Convertible & Income Fund II (NYSE:NCZ – Get Rating) announced a monthly dividend on Thursday, June 9th, Wall Street Journal reports. Investors of record on Monday, September 12th will be given a dividend of 0.0375 per share by the investment management company on Monday, October 3rd. This represents a $0.45 annualized dividend and a yield of 12.97%. The ex-dividend date is Friday, September 9th.

Virtus AllianzGI Convertible & Income Fund II has decreased its dividend by an average of 6.6% per year over the last three years.

Shares of NCZ traded down $0.08 during trading hours on Thursday, hitting $3.47. The company had a trading volume of 378,809 shares, compared to its average volume of 434,457. The stock’s 50 day moving average price is $3.77 and its 200 day moving average price is $4.37. Virtus AllianzGI Convertible & Income Fund II has a 52-week low of $3.24 and a 52-week high of $5.51.

A number of institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC boosted its position in shares of Virtus AllianzGI Convertible & Income Fund II by 1,254.0% in the 3rd quarter. Citadel Advisors LLC now owns 388,194 shares of the investment management company’s stock worth $2,015,000 after purchasing an additional 359,524 shares in the last quarter. Morgan Stanley grew its position in shares of Virtus AllianzGI Convertible & Income Fund II by 26.2% during the 2nd quarter. Morgan Stanley now owns 1,252,315 shares of the investment management company’s stock valued at $6,700,000 after acquiring an additional 260,120 shares during the period. Parametric Portfolio Associates LLC grew its position in shares of Virtus AllianzGI Convertible & Income Fund II by 11.0% during the 4th quarter. Parametric Portfolio Associates LLC now owns 2,172,135 shares of the investment management company’s stock valued at $11,078,000 after acquiring an additional 214,606 shares during the period. NewEdge Advisors LLC boosted its holdings in Virtus AllianzGI Convertible & Income Fund II by 1,166.7% in the 4th quarter. NewEdge Advisors LLC now owns 165,900 shares of the investment management company’s stock worth $847,000 after buying an additional 152,803 shares during the period. Finally, Invesco Ltd. boosted its holdings in Virtus AllianzGI Convertible & Income Fund II by 415.7% in the 4th quarter. Invesco Ltd. now owns 122,869 shares of the investment management company’s stock worth $627,000 after buying an additional 99,043 shares during the period.

About Virtus AllianzGI Convertible & Income Fund II (Get Rating)

AllianzGI Convertible & Income Fund II is a closed ended fixed income 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 fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade.

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