Congress Park Capital LLC Has $7 Million Holdings in Virtus Convertible & Income Fund II $NCZ

Congress Park Capital LLC lessened its stake in Virtus Convertible & Income Fund II (NYSE:NCZ) by 7.5% in the third quarter, HoldingsChannel reports. The firm owned 511,794 shares of the investment management company’s stock after selling 41,276 shares during the period. Virtus Convertible & Income Fund II accounts for about 2.2% of Congress Park Capital LLC’s holdings, making the stock its 16th biggest position. Congress Park Capital LLC’s holdings in Virtus Convertible & Income Fund II were worth $7,001,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NCZ. Osaic Holdings Inc. increased its stake in shares of Virtus Convertible & Income Fund II by 60.5% in the 2nd quarter. Osaic Holdings Inc. now owns 124,630 shares of the investment management company’s stock valued at $1,600,000 after acquiring an additional 46,983 shares during the last quarter. Prevail Innovative Wealth Advisors LLC grew its holdings in Virtus Convertible & Income Fund II by 14.7% during the second quarter. Prevail Innovative Wealth Advisors LLC now owns 99,500 shares of the investment management company’s stock valued at $1,278,000 after purchasing an additional 12,777 shares during the period. Guggenheim Capital LLC acquired a new position in Virtus Convertible & Income Fund II during the second quarter valued at approximately $1,166,000. Invesco Ltd. increased its stake in Virtus Convertible & Income Fund II by 18.4% in the second quarter. Invesco Ltd. now owns 97,958 shares of the investment management company’s stock valued at $1,258,000 after purchasing an additional 15,243 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in Virtus Convertible & Income Fund II by 12.9% in the second quarter. Advisors Asset Management Inc. now owns 796,769 shares of the investment management company’s stock worth $10,231,000 after purchasing an additional 90,765 shares during the period.

Virtus Convertible & Income Fund II Price Performance

Shares of NYSE NCZ opened at $13.48 on Thursday. Virtus Convertible & Income Fund II has a twelve month low of $10.23 and a twelve month high of $14.44. The company’s fifty day moving average is $13.90 and its 200-day moving average is $13.40.

Virtus Convertible & Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 12th will be paid a $0.12 dividend. This represents a c) dividend on an annualized basis and a yield of 10.7%. The ex-dividend date of this dividend is Thursday, February 12th.

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.