Moors & Cabot Inc. Purchases 7,500 Shares of Virtus Convertible & Income Fund II (NYSE:NCZ)

Moors & Cabot Inc. grew its position in Virtus Convertible & Income Fund II (NYSE:NCZ) by 44.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,500 shares of the investment management company’s stock after acquiring an additional 7,500 shares during the quarter. Moors & Cabot Inc.’s holdings in Virtus Convertible & Income Fund II were worth $76,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Park Avenue Securities LLC boosted its holdings in shares of Virtus Convertible & Income Fund II by 0.9% in the 2nd quarter. Park Avenue Securities LLC now owns 386,527 shares of the investment management company’s stock worth $1,202,000 after purchasing an additional 3,520 shares during the period. Truist Financial Corp boosted its holdings in shares of Virtus Convertible & Income Fund II by 1.1% in the 2nd quarter. Truist Financial Corp now owns 391,453 shares of the investment management company’s stock worth $1,217,000 after purchasing an additional 4,234 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Virtus Convertible & Income Fund II by 3.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 117,401 shares of the investment management company’s stock worth $508,000 after purchasing an additional 4,333 shares during the period. Baird Financial Group Inc. boosted its holdings in shares of Virtus Convertible & Income Fund II by 1.9% in the 4th quarter. Baird Financial Group Inc. now owns 231,821 shares of the investment management company’s stock worth $668,000 after purchasing an additional 4,376 shares during the period. Finally, UBS Group AG boosted its holdings in shares of Virtus Convertible & Income Fund II by 6.6% in the 4th quarter. UBS Group AG now owns 127,050 shares of the investment management company’s stock worth $366,000 after purchasing an additional 7,881 shares during the period.

Virtus Convertible & Income Fund II Trading Up 0.9 %

Shares of Virtus Convertible & Income Fund II stock opened at $2.76 on Tuesday. The stock has a 50 day moving average price of $2.70 and a 200-day moving average price of $2.89. Virtus Convertible & Income Fund II has a one year low of $2.50 and a one year high of $3.45.

Virtus Convertible & Income Fund II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, January 30th. Investors of record on Friday, January 12th will be issued a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a yield of 13.07%. The ex-dividend date is Thursday, January 11th.

Virtus Convertible & Income Fund II 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.