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

Virtus Convertible & Income Fund II (NYSE:NCZ) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.13 and traded as high as $14.93. Virtus Convertible & Income Fund II shares last traded at $14.9090, with a volume of 53,884 shares traded.

Virtus Convertible & Income Fund II Price Performance

The firm has a fifty day moving average of $14.31 and a 200 day moving average of $14.13.

Virtus Convertible & Income Fund II Dividend Announcement

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

Institutional Investors Weigh In On Virtus Convertible & Income Fund II

Several large investors have recently bought and sold shares of the business. Blue Bell Private Wealth Management LLC boosted its position in Virtus Convertible & Income Fund II by 4,943.6% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 7,515 shares of the investment management company’s stock worth $104,000 after purchasing an additional 7,366 shares during the last quarter. Global Retirement Partners LLC purchased a new position in Virtus Convertible & Income Fund II in the fourth quarter worth about $131,000. CoreCap Advisors LLC boosted its position in Virtus Convertible & Income Fund II by 10.1% in 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 last quarter. PFG Investments LLC boosted its position in Virtus Convertible & Income Fund II by 8.9% in the fourth quarter. PFG Investments LLC now owns 11,390 shares of the investment management company’s stock worth $157,000 after purchasing an additional 927 shares during the last quarter. Finally, Readystate Asset Management LP purchased a new position in Virtus Convertible & Income Fund II in the fourth quarter worth about $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.