Virtus Convertible & Income Fund II (NYSE:NCZ) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Virtus Convertible & Income Fund II (NYSE:NCZ) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.76 and traded as high as $15.61. Virtus Convertible & Income Fund II shares last traded at $15.5950, with a volume of 43,610 shares trading hands.

Virtus Convertible & Income Fund II Trading Up 1.3%

The stock’s 50 day moving average is $15.60 and its 200 day moving average is $14.78.

Virtus Convertible & Income Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 9.1%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NCZ. Blue Bell Private Wealth Management LLC grew its holdings in shares of Virtus Convertible & Income Fund II by 4,943.6% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 7,515 shares of the investment management company’s stock valued at $104,000 after acquiring an additional 7,366 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Virtus Convertible & Income Fund II during the fourth quarter worth $131,000. CoreCap Advisors LLC boosted its position in Virtus Convertible & Income Fund II by 10.1% during the fourth quarter. CoreCap Advisors LLC now owns 10,530 shares of the investment management company’s stock valued at $145,000 after purchasing an additional 969 shares during the last quarter. PFG Investments LLC grew its stake 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 valued at $157,000 after purchasing an additional 927 shares in the last quarter. Finally, Readystate Asset Management LP purchased a new position in Virtus Convertible & Income Fund II in the fourth quarter valued at about $174,000.

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.