Penserra Capital Management LLC Purchases 246,902 Shares of Virtus Convertible & Income Fund II $NCZ

Penserra Capital Management LLC boosted its position in shares of Virtus Convertible & Income Fund II (NYSE:NCZ) by 89.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 523,378 shares of the investment management company’s stock after buying an additional 246,902 shares during the quarter. Penserra Capital Management LLC’s holdings in Virtus Convertible & Income Fund II were worth $7,159,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its stake 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 valued at $10,231,000 after acquiring an additional 90,765 shares during the last quarter. Osaic Holdings Inc. raised its position in Virtus Convertible & Income Fund II by 60.5% during the 2nd 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 during the last quarter. Prevail Innovative Wealth Advisors LLC lifted its holdings 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 buying an additional 12,777 shares during the period. Invesco Ltd. grew its position in shares of 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 buying an additional 15,243 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new position in shares of Virtus Convertible & Income Fund II during the third quarter valued at approximately $1,261,000.

Virtus Convertible & Income Fund II Stock Performance

Shares of Virtus Convertible & Income Fund II stock opened at $14.26 on Friday. The business has a 50 day moving average of $14.10 and a 200 day moving average of $13.80. Virtus Convertible & Income Fund II has a 52 week low of $10.23 and a 52 week high of $14.73.

Virtus Convertible & Income Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Thursday, February 12th will be given a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 10.1%. The ex-dividend date of this dividend is Thursday, February 12th.

Virtus Convertible & Income Fund II 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.