Envestnet Asset Management Inc. Acquires 10,612 Shares of Virtus Convertible & Income Fund II (NYSE:NCZ)

Envestnet Asset Management Inc. lifted its stake in shares of Virtus Convertible & Income Fund II (NYSE:NCZ) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 432,650 shares of the investment management company’s stock after purchasing an additional 10,612 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Virtus Convertible & Income Fund II were worth $1,354,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Illumine Investment Management LLC bought a new position in shares of Virtus Convertible & Income Fund II in the fourth quarter worth about $59,000. Virtu Financial LLC boosted its position in Virtus Convertible & Income Fund II by 44.2% during the 3rd quarter. Virtu Financial LLC now owns 20,137 shares of the investment management company’s stock worth $63,000 after buying an additional 6,176 shares during the period. SVB Wealth LLC bought a new position in shares of Virtus Convertible & Income Fund II during the fourth quarter valued at $79,000. Atria Wealth Solutions Inc. grew its stake in shares of Virtus Convertible & Income Fund II by 152.8% in the fourth quarter. Atria Wealth Solutions Inc. now owns 31,432 shares of the investment management company’s stock worth $98,000 after purchasing an additional 19,000 shares during the last quarter. Finally, Choreo LLC increased its holdings in Virtus Convertible & Income Fund II by 5.4% in the fourth quarter. Choreo LLC now owns 79,617 shares of the investment management company’s stock valued at $252,000 after purchasing an additional 4,110 shares during the period.

Virtus Convertible & Income Fund II Stock Performance

Shares of NCZ opened at $11.64 on Wednesday. The business has a 50-day moving average of $11.60 and a 200-day moving average of $12.38. Virtus Convertible & Income Fund II has a 1 year low of $10.23 and a 1 year high of $13.44.

Virtus Convertible & Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, April 29th. Investors of record on Friday, April 11th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, April 11th. This represents a $1.44 annualized dividend and a yield of 12.38%.

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.