Virtus Convertible & Income Fund II (NYSE:NCZ) Shares Pass Above 200 Day Moving Average – Should You Sell?

Virtus Convertible & Income Fund II (NYSE:NCZ) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.50 and traded as high as $15.40. Virtus Convertible & Income Fund II shares last traded at $15.37, with a volume of 27,328 shares.

Virtus Convertible & Income Fund II Stock Performance

The company has a 50 day moving average price of $15.12 and a 200 day moving average price of $14.50.

Virtus Convertible & Income Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, August 28th. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date is Thursday, August 13th.

Institutional Trading of Virtus Convertible & Income Fund II

A number of hedge funds have recently modified their holdings of the stock. Readystate Asset Management LP lifted its stake in shares of Virtus Convertible & Income Fund II by 77.8% during the 1st quarter. Readystate Asset Management LP now owns 22,422 shares of the investment management company’s stock worth $301,000 after buying an additional 9,808 shares during the last quarter. Saba Capital Management L.P. bought a new stake in Virtus Convertible & Income Fund II in the 1st quarter valued at $4,717,000. Walled Lake Planning & Wealth Management LLC bought a new stake in Virtus Convertible & Income Fund II in the 1st quarter valued at $213,000. Kestra Advisory Services LLC boosted its stake in Virtus Convertible & Income Fund II by 2.1% in the 1st 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 during the period. Finally, PFG Investments LLC boosted its stake in Virtus Convertible & Income Fund II by 19.5% in the 1st quarter. PFG Investments LLC now owns 13,610 shares of the investment management company’s stock valued at $183,000 after purchasing an additional 2,220 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.