Virtus Convertible & Income Fund II (NYSE:NCZ) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of Virtus Convertible & Income Fund II (NYSE:NCZ) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.62 and traded as high as $14.44. Virtus Convertible & Income Fund II shares last traded at $14.02, with a volume of 74,851 shares changing hands.

Virtus Convertible & Income Fund II Trading Down 2.4%

The stock’s fifty day moving average price is $13.58 and its 200 day moving average price is $12.62.

Virtus Convertible & Income Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, November 13th will be paid a $0.12 dividend. The ex-dividend date is Thursday, November 13th. This represents a c) dividend on an annualized basis and a yield of 10.3%.

Hedge Funds Weigh In On Virtus Convertible & Income Fund II

A number of hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. boosted its stake in Virtus Convertible & Income Fund II by 60.5% in the 2nd quarter. Osaic Holdings Inc. now owns 124,630 shares of the investment management company’s stock worth $1,600,000 after purchasing an additional 46,983 shares in the last quarter. Prevail Innovative Wealth Advisors LLC boosted its stake in Virtus Convertible & Income Fund II by 14.7% in the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 99,500 shares of the investment management company’s stock worth $1,278,000 after purchasing an additional 12,777 shares in the last quarter. Guggenheim Capital LLC bought a new position in Virtus Convertible & Income Fund II in the 2nd quarter worth about $1,166,000. Invesco Ltd. boosted its stake in Virtus Convertible & Income Fund II by 18.4% in the 2nd quarter. Invesco Ltd. now owns 97,958 shares of the investment management company’s stock worth $1,258,000 after purchasing an additional 15,243 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in Virtus Convertible & Income Fund II by 12.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 796,769 shares of the investment management company’s stock worth $10,231,000 after purchasing an additional 90,765 shares in the last quarter.

About Virtus Convertible & Income Fund II

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.