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

Shares of Virtus Convertible & Income Fund II (NYSE:NCZ) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.86 and traded as high as $15.44. Virtus Convertible & Income Fund II shares last traded at $15.1810, with a volume of 30,541 shares.

Virtus Convertible & Income Fund II Stock Down 1.0%

The firm has a fifty day moving average of $15.54 and a two-hundred day moving average of $14.86.

Virtus Convertible & Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 28th. Shareholders of record on Thursday, August 13th will be given a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 9.5%. The ex-dividend date is Thursday, August 13th.

Institutional Trading of Virtus Convertible & Income Fund II

A number of hedge funds and other institutional investors have recently made changes to their positions in NCZ. Wolverine Asset Management LLC increased its holdings in Virtus Convertible & Income Fund II by 171.7% during the 4th quarter. Wolverine Asset Management LLC now owns 52,729 shares of the investment management company’s stock worth $727,000 after acquiring an additional 33,324 shares during the period. Raymond James Financial Inc. boosted its holdings in Virtus Convertible & Income Fund II by 9.2% in the 3rd quarter. Raymond James Financial Inc. now owns 58,595 shares of the investment management company’s stock valued at $802,000 after purchasing an additional 4,954 shares during the period. Kestra Advisory Services LLC grew its position in shares of Virtus Convertible & Income Fund II by 66.6% during the 4th quarter. Kestra Advisory Services LLC now owns 43,272 shares of the investment management company’s stock valued at $596,000 after purchasing an additional 17,305 shares in the last quarter. Saba Capital Management L.P. purchased a new position in shares of Virtus Convertible & Income Fund II during the 1st quarter valued at $4,717,000. Finally, Private Advisor Group LLC increased its holdings in shares of Virtus Convertible & Income Fund II by 9.3% in the first quarter. Private Advisor Group LLC now owns 57,977 shares of the investment management company’s stock worth $777,000 after purchasing an additional 4,950 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.