Cetera Investment Advisers Decreases Stock Holdings in Virtus Convertible & Income Fund II (NYSE:NCZ)

Cetera Investment Advisers cut its holdings in shares of Virtus Convertible & Income Fund II (NYSE:NCZ) by 95.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,502 shares of the investment management company’s stock after selling 273,788 shares during the quarter. Cetera Investment Advisers’ holdings in Virtus Convertible & Income Fund II were worth $39,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Virtus Convertible & Income Fund II during the 4th quarter valued at $26,000. Jane Street Group LLC purchased a new position in Virtus Convertible & Income Fund II in the fourth quarter worth $32,000. Walleye Capital LLC purchased a new stake in Virtus Convertible & Income Fund II during the fourth quarter valued at about $50,000. Illumine Investment Management LLC purchased a new stake in Virtus Convertible & Income Fund II during the fourth quarter valued at about $59,000. Finally, SVB Wealth LLC purchased a new stake in Virtus Convertible & Income Fund II during the fourth quarter valued at about $79,000.

Virtus Convertible & Income Fund II Stock Down 0.2%

Shares of NYSE:NCZ opened at $12.23 on Tuesday. Virtus Convertible & Income Fund II has a 12 month low of $10.23 and a 12 month high of $13.44. The company has a 50-day moving average price of $11.60 and a 200-day moving average price of $12.30.

Virtus Convertible & Income Fund II Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, May 29th. Shareholders of record on Tuesday, May 13th were paid a dividend of $0.12 per share. This represents a dividend yield of 12.29%. The ex-dividend date of this dividend was Monday, May 12th.

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.