Congress Park Capital LLC Has $7 Million Position in Virtus Convertible & Income Fund II $NCZ

Congress Park Capital LLC cut its holdings in Virtus Convertible & Income Fund II (NYSE:NCZ) by 7.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 511,794 shares of the investment management company’s stock after selling 41,276 shares during the quarter. Virtus Convertible & Income Fund II makes up 2.2% of Congress Park Capital LLC’s portfolio, making the stock its 16th largest position. Congress Park Capital LLC’s holdings in Virtus Convertible & Income Fund II were worth $7,001,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Guggenheim Capital LLC bought a new stake in Virtus Convertible & Income Fund II during the 2nd quarter worth about $1,166,000. Advisors Asset Management Inc. lifted its position in shares of Virtus Convertible & Income Fund II by 12.9% during the second 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. Cornerstone Advisors LLC bought a new stake in shares of Virtus Convertible & Income Fund II during the second quarter valued at approximately $765,000. Osaic Holdings Inc. increased its holdings in shares of Virtus Convertible & Income Fund II by 60.5% in the second quarter. Osaic Holdings Inc. now owns 124,630 shares of the investment management company’s stock valued at $1,600,000 after purchasing an additional 46,983 shares in the last quarter. Finally, Integrated Capital Management Inc. bought a new position in Virtus Convertible & Income Fund II in the 2nd quarter worth approximately $236,000.

Virtus Convertible & Income Fund II Trading Down 0.9%

Shares of NCZ opened at $13.48 on Thursday. The business’s fifty day moving average price is $13.90 and its two-hundred day moving average price is $13.40. Virtus Convertible & Income Fund II has a 52 week low of $10.23 and a 52 week high of $14.44.

Virtus Convertible & Income Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, February 26th. Investors of record on Thursday, February 12th will be issued a $0.12 dividend. The ex-dividend date is Thursday, February 12th. This represents a c) annualized dividend and a yield of 10.7%.

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.