Raymond James & Associates Purchases 15,461 Shares of Virtus Convertible & Income Fund II (NYSE:NCZ)

Raymond James & Associates lifted its holdings in Virtus Convertible & Income Fund II (NYSE:NCZ) by 9.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 185,865 shares of the investment management company’s stock after purchasing an additional 15,461 shares during the quarter. Raymond James & Associates’ holdings in Virtus Convertible & Income Fund II were worth $554,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Park Avenue Securities LLC boosted its holdings in shares of Virtus Convertible & Income Fund II by 1.4% in the third quarter. Park Avenue Securities LLC now owns 392,118 shares of the investment management company’s stock valued at $1,082,000 after buying an additional 5,591 shares during the period. Ieq Capital LLC boosted its stake in Virtus Convertible & Income Fund II by 50.0% in the 3rd quarter. Ieq Capital LLC now owns 43,385 shares of the investment management company’s stock worth $120,000 after purchasing an additional 14,463 shares during the period. Landscape Capital Management L.L.C. increased its holdings in Virtus Convertible & Income Fund II by 126.5% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 87,808 shares of the investment management company’s stock worth $242,000 after purchasing an additional 49,033 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Virtus Convertible & Income Fund II by 29.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 247,470 shares of the investment management company’s stock valued at $683,000 after purchasing an additional 56,113 shares during the period. Finally, KPP Advisory Services LLC bought a new stake in shares of Virtus Convertible & Income Fund II in the third quarter valued at about $163,000.

Virtus Convertible & Income Fund II Stock Down 0.7 %

NCZ stock opened at $2.78 on Friday. Virtus Convertible & Income Fund II has a fifty-two week low of $2.50 and a fifty-two week high of $3.15. The business has a 50-day moving average of $2.87 and a 200-day moving average of $2.84.

Virtus Convertible & Income Fund II Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 11th will be given a dividend of $0.03 per share. This represents a yield of 12.24%. The ex-dividend date of this dividend is Wednesday, April 10th.

About Virtus Convertible & Income Fund II

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.