Virtus Convertible & Income Fund II (NYSE:NCZ) Share Price Passes Above 200-Day Moving Average – Here’s Why

Virtus Convertible & Income Fund II (NYSE:NCZ)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.06 and traded as high as $14.28. Virtus Convertible & Income Fund II shares last traded at $14.0510, with a volume of 63,492 shares traded.

Virtus Convertible & Income Fund II Stock Performance

The stock’s 50 day moving average price is $14.45 and its 200-day moving average price is $14.06.

Virtus Convertible & Income Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Monday, May 11th will be given a $0.12 dividend. This represents a c) annualized dividend and a yield of 10.2%. The ex-dividend date of this dividend is Monday, May 11th.

Hedge Funds Weigh In On Virtus Convertible & Income Fund II

A number of hedge funds have recently added to or reduced their stakes in NCZ. Advisors Asset Management Inc. raised its stake in shares of Virtus Convertible & Income Fund II by 22.9% during the fourth quarter. Advisors Asset Management Inc. now owns 1,052,148 shares of the investment management company’s stock valued at $14,499,000 after acquiring an additional 196,305 shares in the last quarter. Penserra Capital Management LLC increased its holdings in Virtus Convertible & Income Fund II by 89.3% during the 3rd quarter. Penserra Capital Management LLC now owns 523,378 shares of the investment management company’s stock worth $7,159,000 after purchasing an additional 246,902 shares during the period. Congress Park Capital LLC increased its holdings in Virtus Convertible & Income Fund II by 1.6% during the 4th quarter. Congress Park Capital LLC now owns 520,115 shares of the investment management company’s stock worth $7,167,000 after purchasing an additional 8,321 shares during the period. LPL Financial LLC raised its position in Virtus Convertible & Income Fund II by 20.7% during the 4th quarter. LPL Financial LLC now owns 270,520 shares of the investment management company’s stock valued at $3,728,000 after purchasing an additional 46,388 shares in the last quarter. Finally, Guggenheim Capital LLC raised its position in Virtus Convertible & Income Fund II by 85.5% during the 4th quarter. Guggenheim Capital LLC now owns 224,609 shares of the investment management company’s stock valued at $3,095,000 after purchasing an additional 103,556 shares in the last quarter.

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.