Virtus Convertible & Income Fund II $NCZ Stake Reduced by Invesco Ltd.

Invesco Ltd. reduced its stake in shares of Virtus Convertible & Income Fund II (NYSE:NCZ) by 67.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,715 shares of the investment management company’s stock after selling 174,067 shares during the quarter. Invesco Ltd.’s holdings in Virtus Convertible & Income Fund II were worth $956,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NCZ. Raymond James Financial Inc. bought a new position in Virtus Convertible & Income Fund II in the 4th quarter worth about $644,000. Mariner LLC grew its position in Virtus Convertible & Income Fund II by 5.9% in the 4th quarter. Mariner LLC now owns 68,380 shares of the investment management company’s stock worth $214,000 after purchasing an additional 3,792 shares during the last quarter. Jane Street Group LLC bought a new position in Virtus Convertible & Income Fund II in the 4th quarter worth about $32,000. Ionic Capital Management LLC grew its position in Virtus Convertible & Income Fund II by 221.7% in the 4th quarter. Ionic Capital Management LLC now owns 154,827 shares of the investment management company’s stock worth $485,000 after purchasing an additional 106,694 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. grew its position in Virtus Convertible & Income Fund II by 6.0% in the 4th 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 during the last quarter.

Virtus Convertible & Income Fund II Stock Performance

NYSE NCZ opened at $13.49 on Wednesday. Virtus Convertible & Income Fund II has a 52 week low of $10.23 and a 52 week high of $13.55. The company has a 50-day moving average price of $13.06 and a two-hundred day moving average price of $12.29.

Virtus Convertible & Income Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Thursday, November 13th will be given a $0.12 dividend. The ex-dividend date is Thursday, November 13th. This represents a c) annualized dividend and a yield of 10.7%.

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.