16,010 Shares in Virtus Convertible & Income Fund II (NYSE:NCZ) Purchased by Walleye Capital LLC

Walleye Capital LLC purchased a new position in Virtus Convertible & Income Fund II (NYSE:NCZ) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 16,010 shares of the investment management company’s stock, valued at approximately $50,000.

Other institutional investors also recently modified their holdings of the company. Congress Park Capital LLC increased its stake in Virtus Convertible & Income Fund II by 30.5% during the 4th quarter. Congress Park Capital LLC now owns 1,792,142 shares of the investment management company’s stock valued at $5,609,000 after purchasing an additional 418,741 shares in the last quarter. LPL Financial LLC increased its stake in Virtus Convertible & Income Fund II by 103.8% during the 4th quarter. LPL Financial LLC now owns 592,550 shares of the investment management company’s stock valued at $1,855,000 after purchasing an additional 301,805 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Virtus Convertible & Income Fund II during the 4th quarter valued at about $644,000. Advisors Asset Management Inc. increased its stake in Virtus Convertible & Income Fund II by 5.5% during the 4th quarter. Advisors Asset Management Inc. now owns 3,093,637 shares of the investment management company’s stock valued at $9,683,000 after purchasing an additional 162,103 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Virtus Convertible & Income Fund II by 113.3% during the 4th quarter. Invesco Ltd. now owns 256,782 shares of the investment management company’s stock valued at $804,000 after purchasing an additional 136,404 shares in the last quarter.

Virtus Convertible & Income Fund II Stock Performance

NYSE:NCZ opened at $11.56 on Monday. Virtus Convertible & Income Fund II has a fifty-two week low of $10.23 and a fifty-two week high of $13.44. The firm has a 50-day simple moving average of $11.64 and a two-hundred day simple moving average of $12.39.

Virtus Convertible & Income Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 12.46%. The ex-dividend date is Friday, April 11th.

Virtus Convertible & Income Fund II Profile

Virtus Convertible & Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade.