Virtus Convertible & Income Fund II (NYSE:NCZ) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Virtus Convertible & Income Fund II (NYSE:NCZ)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.67 and traded as high as $15.94. Virtus Convertible & Income Fund II shares last traded at $15.92, with a volume of 68,732 shares traded.

Virtus Convertible & Income Fund II Trading Up 1.0%

The firm’s 50-day simple moving average is $15.48 and its two-hundred day simple moving average is $14.67.

Virtus Convertible & Income Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Investors of record on Thursday, August 13th will be given a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 9.0%. The ex-dividend date is Thursday, August 13th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NCZ. Kestra Advisory Services LLC raised its position in shares of Virtus Convertible & Income Fund II by 2.1% in the first quarter. Kestra Advisory Services LLC now owns 44,187 shares of the investment management company’s stock valued at $593,000 after buying an additional 915 shares during the last quarter. PFG Investments LLC boosted its position in Virtus Convertible & Income Fund II by 8.9% during the fourth quarter. PFG Investments LLC now owns 11,390 shares of the investment management company’s stock worth $157,000 after acquiring an additional 927 shares during the last quarter. CoreCap Advisors LLC grew its stake in Virtus Convertible & Income Fund II by 10.1% in the 4th quarter. CoreCap Advisors LLC now owns 10,530 shares of the investment management company’s stock worth $145,000 after acquiring an additional 969 shares during the period. Susquehanna International Group LLP grew its stake in Virtus Convertible & Income Fund II by 5.3% in the 3rd quarter. Susquehanna International Group LLP now owns 62,111 shares of the investment management company’s stock worth $850,000 after acquiring an additional 3,141 shares during the period. Finally, Private Advisor Group LLC grew its stake in Virtus Convertible & Income Fund II by 9.3% in the 1st quarter. Private Advisor Group LLC now owns 57,977 shares of the investment management company’s stock worth $777,000 after acquiring an additional 4,950 shares during the period.

Virtus Convertible & Income Fund II Company 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.