Virtus Convertible & Income Fund II (NYSE:NCZ) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Virtus Convertible & Income Fund II (NYSE:NCZ) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.72 and traded as high as $14.45. Virtus Convertible & Income Fund II shares last traded at $14.3950, with a volume of 51,419 shares changing hands.

Virtus Convertible & Income Fund II Price Performance

The stock has a 50-day simple moving average of $13.96 and a 200-day simple moving average of $13.72.

Virtus Convertible & Income Fund II Dividend Announcement

The company also recently disclosed 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 of this dividend is Thursday, February 12th. This represents a c) annualized dividend and a yield of 10.0%.

Institutional Investors Weigh In On Virtus Convertible & Income Fund II

Several institutional investors have recently added to or reduced their stakes in the business. CoreCap Advisors LLC boosted its position in Virtus Convertible & Income Fund II by 10.1% during the fourth quarter. CoreCap Advisors LLC now owns 10,530 shares of the investment management company’s stock worth $145,000 after purchasing an additional 969 shares during the period. PFG Investments LLC lifted its stake in shares of Virtus Convertible & Income Fund II by 8.9% during the 4th quarter. PFG Investments LLC now owns 11,390 shares of the investment management company’s stock valued at $157,000 after buying an additional 927 shares in the last quarter. Integrated Capital Management Inc. bought a new position in Virtus Convertible & Income Fund II in the 2nd quarter worth approximately $236,000. Private Advisor Group LLC grew its stake in Virtus Convertible & Income Fund II by 33.0% in the 3rd quarter. Private Advisor Group LLC now owns 51,252 shares of the investment management company’s stock valued at $701,000 after buying an additional 12,728 shares in the last quarter. Finally, Cornerstone Advisors LLC purchased a new position in Virtus Convertible & Income Fund II in the 2nd quarter valued at approximately $765,000.

Virtus Convertible & Income Fund II Company Profile

Virtus Convertible & Income Fund II (NYSE: NCZ) is a diversified, closed‐end management investment company that seeks to provide shareholders with a combination of current income and capital appreciation. The fund primarily invests in convertible securities issued by U.S. and non-U.S. companies, along with a mix of high‐yield and investment-grade fixed-income instruments. By blending exposure to equity-linked convertibles and traditional debt, NCZ aims to deliver enhanced returns across varying market environments.

The portfolio is actively managed by the Virtus Convertible & Income Portfolio Management Team, a group of seasoned investment professionals affiliated with Virtus Investment Partners.