Virtus Convertible & Income Fund II (NYSE:NCZ) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Virtus Convertible & Income Fund II (NYSE:NCZ) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.02 and traded as high as $14.64. Virtus Convertible & Income Fund II shares last traded at $14.56, with a volume of 44,416 shares.

Virtus Convertible & Income Fund II Trading Down 0.8%

The stock’s fifty day moving average is $14.42 and its 200 day moving average is $14.02.

Institutional Trading of Virtus Convertible & Income Fund II

Several large investors have recently modified their holdings of NCZ. Penserra Capital Management LLC grew its position in shares of Virtus Convertible & Income Fund II by 89.3% in the 3rd quarter. Penserra Capital Management LLC now owns 523,378 shares of the investment management company’s stock worth $7,159,000 after buying an additional 246,902 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Virtus Convertible & Income Fund II by 22.9% during the 4th quarter. Advisors Asset Management Inc. now owns 1,052,148 shares of the investment management company’s stock valued at $14,499,000 after purchasing an additional 196,305 shares in the last quarter. Guggenheim Capital LLC raised its stake in Virtus Convertible & Income Fund II by 85.5% in the fourth quarter. Guggenheim Capital LLC now owns 224,609 shares of the investment management company’s stock worth $3,095,000 after buying an additional 103,556 shares in the last quarter. Park Avenue Securities LLC bought a new stake in Virtus Convertible & Income Fund II during the 3rd quarter valued at approximately $1,261,000. Finally, Bank of America Corp DE lifted its stake in shares of Virtus Convertible & Income Fund II by 94.2% in the 3rd quarter. Bank of America Corp DE now owns 125,244 shares of the investment management company’s stock valued at $1,713,000 after purchasing an additional 60,736 shares during the period.

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.