Virtus Convertible & Income Fund II (NCZ) To Go Ex-Dividend on January 12th

Virtus Convertible & Income Fund II (NYSE:NCZ) announced a monthly dividend on Wednesday, November 19th. Shareholders of record on Monday, January 12th will be given a dividend of 0.12 per share by the investment management company on Thursday, January 29th. This represents a c) dividend on an annualized basis and a yield of 10.9%. The ex-dividend date of this dividend is Monday, January 12th.

Virtus Convertible & Income Fund II Trading Down 1.7%

Shares of NCZ stock opened at $13.26 on Friday. Virtus Convertible & Income Fund II has a one year low of $10.23 and a one year high of $14.44. The business’s 50 day simple moving average is $13.91 and its 200 day simple moving average is $13.16.

Hedge Funds Weigh In On Virtus Convertible & Income Fund II

A number of hedge funds and other institutional investors have recently modified their holdings of the business. WPG Advisers LLC purchased a new stake in Virtus Convertible & Income Fund II in the first quarter worth $29,000. Elequin Capital LP bought a new stake in Virtus Convertible & Income Fund II in the 1st quarter valued at about $100,000. Geneos Wealth Management Inc. boosted its position in Virtus Convertible & Income Fund II by 56.7% during the first quarter. Geneos Wealth Management Inc. now owns 11,389 shares of the investment management company’s stock worth $132,000 after purchasing an additional 4,121 shares during the period. Integrated Capital Management Inc. bought a new stake in shares of Virtus Convertible & Income Fund II in the second quarter valued at approximately $236,000. Finally, Private Advisor Group LLC grew its stake in Virtus Convertible & Income Fund II by 33.0% in the 3rd quarter. Private Advisor Group LLC now owns 51,252 shares of the investment management company’s stock valued at $701,000 after buying an additional 12,728 shares in the last quarter.

Virtus Convertible & Income Fund II Company 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.