Virtu Financial LLC Purchases 6,176 Shares of Virtus Convertible & Income Fund II (NYSE:NCZ)

Virtu Financial LLC raised its position in shares of Virtus Convertible & Income Fund II (NYSE:NCZ) by 44.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,137 shares of the investment management company’s stock after purchasing an additional 6,176 shares during the period. Virtu Financial LLC’s holdings in Virtus Convertible & Income Fund II were worth $63,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Choreo LLC purchased a new stake in shares of Virtus Convertible & Income Fund II in the 2nd quarter valued at $211,000. Sykon Capital LLC purchased a new stake in Virtus Convertible & Income Fund II during the second quarter valued at about $29,000. J.W. Cole Advisors Inc. purchased a new stake in Virtus Convertible & Income Fund II during the second quarter valued at about $100,000. Sanctuary Advisors LLC bought a new position in shares of Virtus Convertible & Income Fund II during the second quarter valued at about $59,000. Finally, Integrated Capital Management Inc. increased its holdings in shares of Virtus Convertible & Income Fund II by 6.0% in the third quarter. Integrated Capital Management Inc. now owns 81,897 shares of the investment management company’s stock worth $255,000 after buying an additional 4,646 shares during the period.

Virtus Convertible & Income Fund II Stock Performance

Shares of NCZ stock opened at $3.15 on Friday. The business has a 50-day moving average of $3.19 and a 200 day moving average of $3.04. Virtus Convertible & Income Fund II has a 1-year low of $2.70 and a 1-year high of $3.36.

Virtus Convertible & Income Fund II Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, March 13th will be issued a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 45.71%. The ex-dividend date is Thursday, March 13th.

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.