Virtus Convertible & Income Fund II (NYSE:NCZ) Share Price Passes Above 200-Day Moving Average – Here’s Why

Virtus Convertible & Income Fund II (NYSE:NCZ)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $14.86 and traded as high as $15.44. Virtus Convertible & Income Fund II shares last traded at $15.1810, with a volume of 30,541 shares.

Virtus Convertible & Income Fund II Stock Performance

The company has a 50 day simple moving average of $15.54 and a 200-day simple moving average of $14.86.

Virtus Convertible & Income Fund II Dividend Announcement

The business also recently disclosed 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 9.5%. The ex-dividend date of this dividend is Thursday, August 13th.

Institutional Investors Weigh In On Virtus Convertible & Income Fund II

Institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. grew its position in Virtus Convertible & Income Fund II by 22.9% during the 4th quarter. Advisors Asset Management Inc. now owns 1,052,148 shares of the investment management company’s stock worth $14,499,000 after acquiring an additional 196,305 shares during the last quarter. Congress Park Capital LLC lifted its position in Virtus Convertible & Income Fund II by 1.6% in the fourth quarter. Congress Park Capital LLC now owns 520,115 shares of the investment management company’s stock valued at $7,167,000 after purchasing an additional 8,321 shares during the last quarter. Saba Capital Management L.P. purchased a new stake in shares of Virtus Convertible & Income Fund II during the first quarter valued at approximately $4,717,000. LPL Financial LLC boosted its stake in shares of Virtus Convertible & Income Fund II by 20.7% during the fourth quarter. LPL Financial LLC now owns 270,520 shares of the investment management company’s stock valued at $3,728,000 after purchasing an additional 46,388 shares during the period. Finally, Guggenheim Capital LLC grew its holdings in shares of Virtus Convertible & Income Fund II by 85.5% in the fourth quarter. Guggenheim Capital LLC now owns 224,609 shares of the investment management company’s stock worth $3,095,000 after purchasing an additional 103,556 shares during the last quarter.

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.