Penserra Capital Management LLC Buys 8,149 Shares of Virtus Convertible & Income Fund II $NCZ

Penserra Capital Management LLC grew its stake in Virtus Convertible & Income Fund II (NYSE:NCZ) by 3.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 276,476 shares of the investment management company’s stock after buying an additional 8,149 shares during the quarter. Penserra Capital Management LLC’s holdings in Virtus Convertible & Income Fund II were worth $3,549,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in NCZ. WPG Advisers LLC bought a new stake in 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 about $100,000. Geneos Wealth Management Inc. raised its stake in shares of Virtus Convertible & Income Fund II by 56.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 11,389 shares of the investment management company’s stock valued at $132,000 after purchasing an additional 4,121 shares during the period. Accredited Investor Services LLC bought a new stake in shares of Virtus Convertible & Income Fund II in the first quarter valued at about $210,000. Finally, Integrated Capital Management Inc. acquired a new position in shares of Virtus Convertible & Income Fund II during the second quarter worth about $236,000.

Virtus Convertible & Income Fund II Trading Down 0.9%

NYSE:NCZ opened at $13.91 on Monday. The stock has a 50-day simple moving average of $13.89 and a 200 day simple moving average of $13.05. Virtus Convertible & Income Fund II has a 52-week low of $10.23 and a 52-week high of $14.44.

Virtus Convertible & Income Fund II Announces Dividend

The firm 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 dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 10.4%. The ex-dividend date of this dividend is Thursday, November 13th.

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.