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

Virtus Convertible & Income Fund II (NYSE:NCZ) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.74 and traded as high as $14.02. Virtus Convertible & Income Fund II shares last traded at $13.90, with a volume of 59,731 shares changing hands.

Virtus Convertible & Income Fund II Stock Up 0.7%

The stock has a 50 day moving average price of $13.69 and a 200 day moving average price of $12.74.

Virtus Convertible & Income Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th will be paid a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date is Thursday, November 13th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NCZ. WPG Advisers LLC bought a new position in shares of Virtus Convertible & Income Fund II in the 1st quarter valued at $29,000. Elequin Capital LP bought a new position in Virtus Convertible & Income Fund II during the 1st quarter worth $100,000. Geneos Wealth Management Inc. raised its position in Virtus Convertible & Income Fund II by 56.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 11,389 shares of the investment management company’s stock worth $132,000 after purchasing an additional 4,121 shares during the last quarter. Accredited Investor Services LLC bought a new position in Virtus Convertible & Income Fund II during the 1st quarter worth $210,000. Finally, Integrated Capital Management Inc. bought a new position in Virtus Convertible & Income Fund II during the 2nd quarter worth $236,000.

About Virtus Convertible & Income Fund II

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.