Virtus Convertible & Income Fund II (NYSE:NCZ) Stock Price Passes Above 200-Day Moving Average of $2.85

Virtus Convertible & Income Fund II (NYSE:NCZ)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.85 and traded as high as $2.91. Virtus Convertible & Income Fund II shares last traded at $2.90, with a volume of 279,764 shares changing hands.

Virtus Convertible & Income Fund II Price Performance

The business has a 50 day simple moving average of $2.87 and a two-hundred day simple moving average of $2.85.

Virtus Convertible & Income Fund II Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, April 29th. Investors of record on Thursday, April 11th were paid a $0.03 dividend. This represents a yield of 12.24%. The ex-dividend date was Wednesday, April 10th.

Institutional Investors Weigh In On Virtus Convertible & Income Fund II

Large investors have recently added to or reduced their stakes in the stock. Gilliland Jeter Wealth Management LLC purchased a new stake in shares of Virtus Convertible & Income Fund II in the fourth quarter valued at approximately $44,000. CTC Alternative Strategies Ltd. lifted its holdings in shares of Virtus Convertible & Income Fund II by 108.6% in the 4th quarter. CTC Alternative Strategies Ltd. now owns 37,764 shares of the investment management company’s stock worth $113,000 after buying an additional 19,664 shares during the period. Ieq Capital LLC grew its position in shares of Virtus Convertible & Income Fund II by 50.0% during the 3rd quarter. Ieq Capital LLC now owns 43,385 shares of the investment management company’s stock worth $120,000 after buying an additional 14,463 shares in the last quarter. KPP Advisory Services LLC purchased a new position in shares of Virtus Convertible & Income Fund II during the third quarter valued at $163,000. Finally, Axxcess Wealth Management LLC bought a new stake in shares of Virtus Convertible & Income Fund II in the third quarter valued at about $166,000.

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.