Walleye Capital LLC Takes $84,000 Position in Virtus Convertible & Income Fund II (NYSE:NCZ)

Walleye Capital LLC bought a new stake in shares of Virtus Convertible & Income Fund II (NYSE:NCZGet Rating) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 26,723 shares of the investment management company’s stock, valued at approximately $84,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Cohen & Steers Inc. boosted its stake in shares of Virtus Convertible & Income Fund II by 13.0% during the 1st quarter. Cohen & Steers Inc. now owns 1,447,516 shares of the investment management company’s stock valued at $6,268,000 after buying an additional 167,087 shares during the last quarter. Guggenheim Capital LLC boosted its stake in shares of Virtus Convertible & Income Fund II by 2.5% during the 1st quarter. Guggenheim Capital LLC now owns 550,998 shares of the investment management company’s stock valued at $2,386,000 after buying an additional 13,233 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Virtus Convertible & Income Fund II by 23.5% during the 1st quarter. Bank of America Corp DE now owns 377,029 shares of the investment management company’s stock valued at $1,633,000 after buying an additional 71,768 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of Virtus Convertible & Income Fund II by 2,458.3% during the 2nd quarter. Park Avenue Securities LLC now owns 375,716 shares of the investment management company’s stock valued at $1,187,000 after buying an additional 361,030 shares during the last quarter. Finally, Shaker Financial Services LLC lifted its stake in Virtus Convertible & Income Fund II by 208.8% during the second quarter. Shaker Financial Services LLC now owns 375,667 shares of the investment management company’s stock worth $1,187,000 after purchasing an additional 253,994 shares during the last quarter.

Virtus Convertible & Income Fund II Stock Performance

Shares of NCZ opened at $2.97 on Monday. The business’s fifty day moving average price is $2.97 and its 200 day moving average price is $3.21. Virtus Convertible & Income Fund II has a 12-month low of $2.68 and a 12-month high of $5.35.

Virtus Convertible & Income Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Monday, December 12th will be paid a dividend of $0.0375 per share. This represents a $0.45 annualized dividend and a yield of 15.15%. The ex-dividend date of this dividend is Friday, December 9th.

Virtus Convertible & Income Fund II Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Virtus Convertible & Income Fund II (NYSE:NCZ)

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