Virtus Convertible & Income Fund II (NYSE:NCZ) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

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 $14.40 and traded as high as $15.96. Virtus Convertible & Income Fund II shares last traded at $15.86, with a volume of 64,802 shares changing hands.

Virtus Convertible & Income Fund II Stock Down 0.4%

The company’s fifty day moving average price is $14.80 and its two-hundred day moving average price is $14.40.

Virtus Convertible & Income Fund II Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 11th were issued a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 9.1%. The ex-dividend date was Monday, May 11th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Penserra Capital Management LLC lifted its position in shares of Virtus Convertible & Income Fund II by 89.3% in the third quarter. Penserra Capital Management LLC now owns 523,378 shares of the investment management company’s stock worth $7,159,000 after purchasing an additional 246,902 shares in the last quarter. Advisors Asset Management Inc. grew its position in Virtus Convertible & Income Fund II by 7.4% in the third quarter. Advisors Asset Management Inc. now owns 855,843 shares of the investment management company’s stock valued at $11,708,000 after purchasing an additional 59,074 shares in the last quarter. Wolverine Asset Management LLC grew its position in Virtus Convertible & Income Fund II by 171.7% in the fourth quarter. Wolverine Asset Management LLC now owns 52,729 shares of the investment management company’s stock valued at $727,000 after purchasing an additional 33,324 shares in the last quarter. Saba Capital Management L.P. bought a new position in Virtus Convertible & Income Fund II in the first quarter valued at $4,717,000. Finally, Kestra Advisory Services LLC grew its position in 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 purchasing an additional 915 shares in the last quarter.

About Virtus Convertible & Income Fund II

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.