Advisors Asset Management Inc. Has $10.23 Million Stock Holdings in Virtus Convertible & Income Fund II $NCZ

Advisors Asset Management Inc. raised its holdings in shares of Virtus Convertible & Income Fund II (NYSE:NCZ) by 12.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 796,769 shares of the investment management company’s stock after acquiring an additional 90,765 shares during the quarter. Advisors Asset Management Inc.’s holdings in Virtus Convertible & Income Fund II were worth $10,231,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Congress Park Capital LLC acquired a new stake in shares of Virtus Convertible & Income Fund II during the 2nd quarter worth approximately $7,101,000. Wolverine Asset Management LLC bought a new stake in Virtus Convertible & Income Fund II during the first quarter worth $703,000. Cornerstone Advisors LLC bought a new position in shares of Virtus Convertible & Income Fund II in the 2nd quarter valued at $765,000. Integrated Capital Management Inc. acquired a new position in shares of Virtus Convertible & Income Fund II during the 2nd quarter worth $236,000. Finally, Elequin Capital LP acquired a new position in shares of Virtus Convertible & Income Fund II during the 1st quarter worth $100,000.

Virtus Convertible & Income Fund II Stock Up 1.1%

NYSE:NCZ opened at $13.72 on Wednesday. Virtus Convertible & Income Fund II has a twelve month low of $10.23 and a twelve month high of $14.44. The stock’s 50-day simple moving average is $13.90 and its 200 day simple moving average is $13.22.

Virtus Convertible & Income Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 12th will be issued a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 10.5%. The ex-dividend date of this dividend is Thursday, February 12th.

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.