Raymond James & Associates Purchases 15,461 Shares of Virtus Convertible & Income Fund II (NYSE:NCZ)

Raymond James & Associates boosted its position in Virtus Convertible & Income Fund II (NYSE:NCZ) by 9.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 185,865 shares of the investment management company’s stock after acquiring an additional 15,461 shares during the period. Raymond James & Associates’ holdings in Virtus Convertible & Income Fund II were worth $554,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Park Avenue Securities LLC grew its stake in shares of Virtus Convertible & Income Fund II by 1.4% in the third quarter. Park Avenue Securities LLC now owns 392,118 shares of the investment management company’s stock worth $1,082,000 after purchasing an additional 5,591 shares during the last quarter. Ieq Capital LLC grew its position in shares of Virtus Convertible & Income Fund II by 50.0% in the 3rd quarter. Ieq Capital LLC now owns 43,385 shares of the investment management company’s stock worth $120,000 after buying an additional 14,463 shares during the last quarter. Landscape Capital Management L.L.C. increased its stake in shares of Virtus Convertible & Income Fund II by 126.5% during the third quarter. Landscape Capital Management L.L.C. now owns 87,808 shares of the investment management company’s stock valued at $242,000 after buying an additional 49,033 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Virtus Convertible & Income Fund II by 29.3% during the third quarter. Commonwealth Equity Services LLC now owns 247,470 shares of the investment management company’s stock valued at $683,000 after buying an additional 56,113 shares during the period. Finally, KPP Advisory Services LLC purchased a new stake in Virtus Convertible & Income Fund II in the third quarter worth $163,000.

Virtus Convertible & Income Fund II Trading Down 0.7 %

NYSE:NCZ opened at $2.78 on Friday. The firm’s fifty day simple moving average is $2.87 and its 200 day simple moving average is $2.84. Virtus Convertible & Income Fund II has a twelve month low of $2.50 and a twelve month high of $3.15.

Virtus Convertible & Income Fund II Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 11th will be issued a $0.03 dividend. The ex-dividend date is Wednesday, April 10th. This represents a yield of 12.24%.

Virtus Convertible & Income Fund II Company Profile

Virtus 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.