Choreo LLC Lowers Holdings in Virtus Convertible & Income Fund II (NYSE:NCZ)

Choreo LLC cut its stake in Virtus Convertible & Income Fund II (NYSE:NCZ) by 77.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,242 shares of the investment management company’s stock after selling 61,375 shares during the quarter. Choreo LLC’s holdings in Virtus Convertible & Income Fund II were worth $211,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NCZ. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Virtus Convertible & Income Fund II during the 4th quarter worth about $26,000. Jane Street Group LLC acquired a new stake in shares of Virtus Convertible & Income Fund II during the 4th quarter valued at about $32,000. Merit Financial Group LLC acquired a new stake in shares of Virtus Convertible & Income Fund II during the 1st quarter valued at about $139,000. Insigneo Advisory Services LLC acquired a new stake in shares of Virtus Convertible & Income Fund II during the 1st quarter valued at about $149,000. Finally, Walleye Capital LLC acquired a new stake in shares of Virtus Convertible & Income Fund II during the 4th quarter valued at about $50,000.

Virtus Convertible & Income Fund II Stock Down 0.3%

Shares of Virtus Convertible & Income Fund II stock opened at $13.08 on Thursday. Virtus Convertible & Income Fund II has a twelve month low of $10.23 and a twelve month high of $13.44. The firm’s 50-day moving average price is $12.59 and its 200 day moving average price is $12.25.

Virtus Convertible & Income Fund II Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, July 30th. Shareholders of record on Monday, July 14th were paid a $0.12 dividend. This represents a yield of 11.21%. The ex-dividend date of this dividend was Friday, July 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.