HighTower Advisors LLC Has $163,000 Stock Holdings in Virtus Convertible & Income Fund II $NCZ

HighTower Advisors LLC decreased its position in shares of Virtus Convertible & Income Fund II (NYSE:NCZ) by 82.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,089 shares of the investment management company’s stock after selling 64,673 shares during the quarter. HighTower Advisors LLC’s holdings in Virtus Convertible & Income Fund II were worth $163,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NCZ. Penserra Capital Management LLC acquired a new position in Virtus Convertible & Income Fund II during the 1st quarter worth $3,101,000. Raymond James Financial Inc. acquired a new position in Virtus Convertible & Income Fund II during the 4th quarter worth $644,000. Ionic Capital Management LLC lifted its holdings in Virtus Convertible & Income Fund II by 221.7% during the 4th quarter. Ionic Capital Management LLC now owns 154,827 shares of the investment management company’s stock worth $485,000 after buying an additional 106,694 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in Virtus Convertible & Income Fund II during the 1st quarter worth $703,000. Finally, Accredited Investor Services LLC acquired a new position in Virtus Convertible & Income Fund II during the 1st quarter worth $210,000.

Virtus Convertible & Income Fund II Trading Up 0.3%

Shares of Virtus Convertible & Income Fund II stock opened at $13.54 on Friday. The firm has a fifty day moving average of $13.10 and a two-hundred day moving average of $12.31. Virtus Convertible & Income Fund II has a 52 week low of $10.23 and a 52 week high of $13.59.

Virtus Convertible & Income Fund II Announces Dividend

The firm 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 dividend of $0.12 per share. The ex-dividend date is Thursday, November 13th. This represents a c) annualized dividend and a dividend yield of 10.6%.

Virtus Convertible & Income Fund II 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.