Virtus Convertible & Income Fund II (NYSE:NCZ) Shares Pass Above 200-Day Moving Average of $2.85

Virtus Convertible & Income Fund II (NYSE:NCZ)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.85 and traded as high as $2.91. Virtus Convertible & Income Fund II shares last traded at $2.90, with a volume of 279,764 shares traded.

Virtus Convertible & Income Fund II Stock Performance

The business has a 50-day moving average price of $2.87 and a two-hundred day moving average price of $2.85.

Virtus Convertible & Income Fund II Announces Dividend

The business also recently declared a dividend, which was paid on Monday, April 29th. Shareholders of record on Thursday, April 11th were given a $0.03 dividend. This represents a yield of 12.24%. The ex-dividend date was Wednesday, April 10th.

Hedge Funds Weigh In On Virtus Convertible & Income Fund II

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. CTC Alternative Strategies Ltd. lifted its stake in Virtus Convertible & Income Fund II by 108.6% in the fourth quarter. CTC Alternative Strategies Ltd. now owns 37,764 shares of the investment management company’s stock worth $113,000 after acquiring an additional 19,664 shares during the last quarter. Congress Park Capital LLC lifted its position in shares of Virtus Convertible & Income Fund II by 20.3% during the 4th quarter. Congress Park Capital LLC now owns 927,798 shares of the investment management company’s stock worth $2,765,000 after purchasing an additional 156,366 shares during the last quarter. Advisor Partners II LLC acquired a new position in shares of Virtus Convertible & Income Fund II during the third quarter worth $769,000. Raymond James & Associates grew its stake in shares of Virtus Convertible & Income Fund II by 9.1% during the fourth quarter. Raymond James & Associates now owns 185,865 shares of the investment management company’s stock worth $554,000 after purchasing an additional 15,461 shares in the last quarter. Finally, Heron Bay Capital Management increased its holdings in Virtus Convertible & Income Fund II by 89.0% in the fourth quarter. Heron Bay Capital Management now owns 1,909,671 shares of the investment management company’s stock valued at $5,691,000 after buying an additional 899,510 shares during the last quarter.

About Virtus Convertible & Income Fund II

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.