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

Virtus Convertible & Income Fund II (NYSE:NCZ) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.08 and traded as high as $3.21. Virtus Convertible & Income Fund II shares last traded at $3.20, with a volume of 453,918 shares trading hands.

Virtus Convertible & Income Fund II Stock Performance

The stock’s 50 day moving average is $3.21 and its 200 day moving average is $3.08.

Virtus Convertible & Income Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, March 13th will be given a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 44.93%. The ex-dividend date is Thursday, March 13th.

Institutional Trading of Virtus Convertible & Income Fund II

Hedge funds and other institutional investors have recently bought and sold shares of the company. Congress Park Capital LLC increased its stake in Virtus Convertible & Income Fund II by 58.1% in the 3rd quarter. Congress Park Capital LLC now owns 1,373,401 shares of the investment management company’s stock worth $4,271,000 after acquiring an additional 504,854 shares during the last quarter. Pathstone Holdings LLC lifted its position in Virtus Convertible & Income Fund II by 27.2% during the third quarter. Pathstone Holdings LLC now owns 1,408,269 shares of the investment management company’s stock valued at $4,381,000 after purchasing an additional 300,758 shares during the last quarter. Advisors Asset Management Inc. grew its stake in Virtus Convertible & Income Fund II by 8.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,931,534 shares of the investment management company’s stock worth $9,117,000 after buying an additional 219,726 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of Virtus Convertible & Income Fund II in the 3rd quarter worth $598,000. Finally, Choreo LLC purchased a new stake in shares of Virtus Convertible & Income Fund II during the 2nd quarter valued at $211,000.

Virtus Convertible & Income Fund II Company Profile

Virtus Convertible & Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade.