Envestnet Asset Management Inc. Makes New $1.15 Million Investment in Virtus Convertible & Income Fund II (NYSE:NCZ)

Envestnet Asset Management Inc. bought a new position in shares of Virtus Convertible & Income Fund II (NYSE:NCZGet Rating) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 362,842 shares of the investment management company’s stock, valued at approximately $1,147,000.

A number of other large investors have also recently added to or reduced their stakes in NCZ. Pinnacle Wealth Planning Services Inc. bought a new position in shares of Virtus Convertible & Income Fund II in the 2nd quarter valued at about $45,000. Shaker Financial Services LLC grew its holdings in shares of Virtus Convertible & Income Fund II by 208.8% in the 2nd quarter. Shaker Financial Services LLC now owns 375,667 shares of the investment management company’s stock valued at $1,187,000 after acquiring an additional 253,994 shares in the last quarter. Park Avenue Securities LLC grew its holdings in shares of Virtus Convertible & Income Fund II by 2,458.3% in 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 acquiring an additional 361,030 shares in the last quarter. Hightower 6M Holding LLC bought a new position in shares of Virtus Convertible & Income Fund II in the 2nd quarter valued at about $317,000. Finally, Congress Park Capital LLC grew its holdings in shares of Virtus Convertible & Income Fund II by 398.4% in the 2nd quarter. Congress Park Capital LLC now owns 249,217 shares of the investment management company’s stock valued at $788,000 after acquiring an additional 199,217 shares in the last quarter.

Virtus Convertible & Income Fund II Stock Performance

Shares of NYSE NCZ opened at $3.04 on Thursday. Virtus Convertible & Income Fund II has a fifty-two week low of $2.68 and a fifty-two week high of $5.30. The business has a 50-day moving average of $2.94 and a 200-day moving average of $3.20.

Virtus Convertible & Income Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Monday, December 12th will be issued a dividend of $0.0375 per share. This represents a $0.45 dividend on an annualized basis and a yield of 14.80%. The ex-dividend date is Friday, December 9th.

About Virtus Convertible & Income Fund II

(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.

Featured Stories

Want to see what other hedge funds are holding NCZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Virtus Convertible & Income Fund II (NYSE:NCZGet Rating).

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

Receive News & Ratings for Virtus Convertible & Income Fund II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtus Convertible & Income Fund II and related companies with MarketBeat.com's FREE daily email newsletter.