Virtus Convertible & Income Fund II (NYSE:NCZ) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Virtus Convertible & Income Fund II (NYSE:NCZ)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.81 and traded as high as $15.08. Virtus Convertible & Income Fund II shares last traded at $14.80, with a volume of 95,952 shares traded.

Virtus Convertible & Income Fund II Trading Down 2.0%

The firm’s 50 day simple moving average is $15.58 and its two-hundred day simple moving average is $14.81.

Virtus Convertible & Income Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, August 28th. Stockholders of record on Thursday, August 13th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 9.7%.

Institutional Investors Weigh In On Virtus Convertible & Income Fund II

A number of institutional investors have recently modified their holdings of NCZ. Blue Bell Private Wealth Management LLC raised its stake in Virtus Convertible & Income Fund II by 4,943.6% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 7,515 shares of the investment management company’s stock worth $104,000 after acquiring an additional 7,366 shares during the period. Global Retirement Partners LLC bought a new position in Virtus Convertible & Income Fund II in the fourth quarter worth about $131,000. CoreCap Advisors LLC boosted its position in Virtus Convertible & Income Fund II by 10.1% during the 4th quarter. CoreCap Advisors LLC now owns 10,530 shares of the investment management company’s stock valued at $145,000 after purchasing an additional 969 shares during the period. PFG Investments LLC boosted its position in Virtus Convertible & Income Fund II by 8.9% during the 4th quarter. PFG Investments LLC now owns 11,390 shares of the investment management company’s stock valued at $157,000 after purchasing an additional 927 shares during the period. Finally, Readystate Asset Management LP bought a new position in Virtus Convertible & Income Fund II during the 4th quarter worth $174,000.

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.