Advisors Asset Management Inc. Acquires 59,074 Shares of Virtus Convertible & Income Fund II $NCZ

Advisors Asset Management Inc. raised its holdings in Virtus Convertible & Income Fund II (NYSE:NCZ) by 7.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 855,843 shares of the investment management company’s stock after buying an additional 59,074 shares during the quarter. Advisors Asset Management Inc.’s holdings in Virtus Convertible & Income Fund II were worth $11,708,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Penserra Capital Management LLC grew its stake in shares of Virtus Convertible & Income Fund II by 89.3% in the third quarter. Penserra Capital Management LLC now owns 523,378 shares of the investment management company’s stock worth $7,159,000 after acquiring an additional 246,902 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in Virtus Convertible & Income Fund II by 60.5% in the 2nd quarter. Osaic Holdings Inc. now owns 124,630 shares of the investment management company’s stock valued at $1,600,000 after purchasing an additional 46,983 shares during the period. Oppenheimer & Co. Inc. grew its position in Virtus Convertible & Income Fund II by 11.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 104,783 shares of the investment management company’s stock worth $1,433,000 after purchasing an additional 10,494 shares during the last quarter. Prevail Innovative Wealth Advisors LLC increased its holdings in shares of Virtus Convertible & Income Fund II by 14.7% during the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 99,500 shares of the investment management company’s stock worth $1,278,000 after purchasing an additional 12,777 shares during the period. Finally, Invesco Ltd. raised its position in shares of Virtus Convertible & Income Fund II by 18.4% during the second quarter. Invesco Ltd. now owns 97,958 shares of the investment management company’s stock valued at $1,258,000 after buying an additional 15,243 shares during the last quarter.

Virtus Convertible & Income Fund II Trading Up 0.3%

NYSE NCZ opened at $14.83 on Wednesday. Virtus Convertible & Income Fund II has a twelve month low of $10.23 and a twelve month high of $14.92. The firm has a 50-day simple moving average of $14.15 and a 200 day simple moving average of $13.85.

Virtus Convertible & Income Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Thursday, February 12th will be issued a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 9.7%. The ex-dividend date of this dividend is Thursday, February 12th.

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.