Virtus Convertible & Income Fund II (NYSE:NCZ) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its stake in shares of Virtus Convertible & Income Fund II (NYSE:NCZ) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 329,716 shares of the investment management company’s stock after buying an additional 2,637 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Virtus Convertible & Income Fund II were worth $1,032,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Pinnacle Wealth Planning Services Inc. raised its holdings in Virtus Convertible & Income Fund II by 6.0% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 22,721 shares of the investment management company’s stock worth $71,000 after purchasing an additional 1,291 shares in the last quarter. Mariner LLC increased its position in shares of Virtus Convertible & Income Fund II by 5.9% during the 4th quarter. Mariner LLC now owns 68,380 shares of the investment management company’s stock valued at $214,000 after purchasing an additional 3,792 shares during the period. Choreo LLC increased its position in shares of Virtus Convertible & Income Fund II by 5.4% during the 4th 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. Private Advisor Group LLC raised its stake in shares of Virtus Convertible & Income Fund II by 4.4% in the 4th quarter. Private Advisor Group LLC now owns 133,853 shares of the investment management company’s stock worth $419,000 after buying an additional 5,636 shares in the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Virtus Convertible & Income Fund II in the 4th quarter worth $26,000.

Virtus Convertible & Income Fund II Stock Up 0.8%

Shares of NCZ stock opened at $12.36 on Monday. The stock has a 50-day simple moving average of $11.66 and a 200 day simple moving average of $12.29. Virtus Convertible & Income Fund II has a fifty-two week low of $10.23 and a fifty-two week high of $13.44.

Virtus Convertible & Income Fund II Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Thursday, August 28th. Shareholders of record on Monday, August 11th will be issued a $0.12 dividend. This represents a yield of 11.7%. The ex-dividend date is Monday, August 11th.

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.