Virtus Convertible & Income Fund II (NYSE:NCZ) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Virtus Convertible & Income Fund II (NYSE:NCZ)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.08 and traded as high as $14.88. Virtus Convertible & Income Fund II shares last traded at $14.8660, with a volume of 198,982 shares trading hands.

Virtus Convertible & Income Fund II Price Performance

The company’s 50-day moving average is $14.28 and its 200 day moving average is $14.08.

Virtus Convertible & Income Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, May 28th. Investors of record on Monday, May 11th will be given a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 9.7%. The ex-dividend date is Monday, May 11th.

Institutional Investors Weigh In On Virtus Convertible & Income Fund II

Hedge funds have recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC lifted its position in shares of Virtus Convertible & Income Fund II by 4,943.6% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 7,515 shares of the investment management company’s stock valued at $104,000 after acquiring an additional 7,366 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Virtus Convertible & Income Fund II in the 4th quarter valued at approximately $131,000. CoreCap Advisors LLC lifted its position in shares of Virtus Convertible & Income Fund II by 10.1% in the 4th quarter. CoreCap Advisors LLC now owns 10,530 shares of the investment management company’s stock valued at $145,000 after acquiring an additional 969 shares in the last quarter. PFG Investments LLC increased its stake in Virtus Convertible & Income Fund II by 8.9% in 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 during the period. Finally, Readystate Asset Management LP acquired a new position in Virtus Convertible & Income Fund II in the 4th quarter valued at approximately $174,000.

About Virtus Convertible & Income Fund II

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.