Virtus Convertible & Income Fund II $NCZ Shares Bought by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. raised its stake in Virtus Convertible & Income Fund II (NYSE:NCZ) by 56.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,389 shares of the investment management company’s stock after acquiring an additional 4,121 shares during the period. Geneos Wealth Management Inc.’s holdings in Virtus Convertible & Income Fund II were worth $132,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Penserra Capital Management LLC bought a new position in Virtus Convertible & Income Fund II in the 1st quarter worth about $3,101,000. Wolverine Asset Management LLC bought a new position in Virtus Convertible & Income Fund II in the 1st quarter worth about $703,000. Accredited Investor Services LLC acquired a new position in shares of Virtus Convertible & Income Fund II during the first quarter worth approximately $210,000. Insigneo Advisory Services LLC acquired a new position in shares of Virtus Convertible & Income Fund II during the first quarter worth approximately $149,000. Finally, Merit Financial Group LLC acquired a new position in shares of Virtus Convertible & Income Fund II during the first quarter worth approximately $139,000.

Virtus Convertible & Income Fund II Trading Down 0.1%

Shares of NYSE NCZ opened at $13.82 on Thursday. Virtus Convertible & Income Fund II has a 12-month low of $10.23 and a 12-month high of $13.94. The stock has a 50 day simple moving average of $13.27 and a 200-day simple moving average of $12.38.

Virtus Convertible & Income Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, November 13th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a c) annualized dividend and a yield of 10.4%.

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.