Virtus Convertible & Income Fund II (NYSE:NCZ) Declares $0.12 Monthly Dividend

Virtus Convertible & Income Fund II (NYSE:NCZ) declared a monthly dividend on Wednesday, November 19th. Stockholders of record on Monday, January 12th will be given a dividend of 0.12 per share by the investment management company on Thursday, January 29th. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date of this dividend is Monday, January 12th.

Virtus Convertible & Income Fund II Stock Performance

Shares of NCZ traded up $0.28 during trading hours on Thursday, reaching $13.77. The company had a trading volume of 17,253 shares, compared to its average volume of 72,780. Virtus Convertible & Income Fund II has a 12-month low of $10.23 and a 12-month high of $14.44. The firm has a 50 day simple moving average of $13.93 and a 200-day simple moving average of $13.16.

Institutional Investors Weigh In On Virtus Convertible & Income Fund II

Institutional investors have recently modified their holdings of the company. Wolverine Asset Management LLC acquired a new stake in shares of Virtus Convertible & Income Fund II in the 1st quarter worth approximately $703,000. Elequin Capital LP purchased a new stake in Virtus Convertible & Income Fund II during the first quarter worth $100,000. WPG Advisers LLC purchased a new stake in Virtus Convertible & Income Fund II during the first quarter worth $29,000. Geneos Wealth Management Inc. grew its holdings in Virtus Convertible & Income Fund II by 56.7% in the first 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 last quarter. Finally, Congress Park Capital LLC purchased a new position in shares of Virtus Convertible & Income Fund II in the second quarter valued at $7,101,000.

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.