Penserra Capital Management LLC Grows Holdings in Virtus Convertible & Income Fund II $NCZ

Penserra Capital Management LLC boosted its holdings in shares of Virtus Convertible & Income Fund II (NYSE:NCZ) by 89.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 523,378 shares of the investment management company’s stock after acquiring an additional 246,902 shares during the period. Penserra Capital Management LLC’s holdings in Virtus Convertible & Income Fund II were worth $7,159,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Integrated Capital Management Inc. bought a new position in shares of Virtus Convertible & Income Fund II during the second quarter valued at approximately $236,000. Cornerstone Advisors LLC purchased a new stake in shares of Virtus Convertible & Income Fund II in the 2nd quarter worth approximately $765,000. Guggenheim Capital LLC bought a new position in Virtus Convertible & Income Fund II during the 2nd quarter valued at approximately $1,166,000. Invesco Ltd. raised its stake in Virtus Convertible & Income Fund II by 18.4% during the second quarter. Invesco Ltd. now owns 97,958 shares of the investment management company’s stock valued at $1,258,000 after buying an additional 15,243 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new position in Virtus Convertible & Income Fund II during the third quarter valued at $1,261,000.

Virtus Convertible & Income Fund II Stock Down 1.2%

NCZ opened at $14.26 on Friday. Virtus Convertible & Income Fund II has a 1 year low of $10.23 and a 1 year high of $14.73. The stock has a 50-day moving average price of $14.10 and a 200-day moving average price of $13.80.

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 issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a c) dividend on an annualized basis and a dividend yield of 10.1%.

Virtus Convertible & Income Fund II Profile

Virtus Convertible & Income Fund II (NYSE: NCZ) is a diversified, closed‐end management investment company that seeks to provide shareholders with a combination of current income and capital appreciation. The fund primarily invests in convertible securities issued by U.S. and non-U.S. companies, along with a mix of high‐yield and investment-grade fixed-income instruments. By blending exposure to equity-linked convertibles and traditional debt, NCZ aims to deliver enhanced returns across varying market environments.

The portfolio is actively managed by the Virtus Convertible & Income Portfolio Management Team, a group of seasoned investment professionals affiliated with Virtus Investment Partners.