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

Virtus Convertible & Income Fund II (NYSE:NCZ) announced a monthly dividend on Wednesday, June 3rd. Investors of record on Thursday, August 13th will be given a dividend of 0.12 per share by the investment management company on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date is Thursday, August 13th.

Virtus Convertible & Income Fund II Price Performance

NCZ stock opened at $15.74 on Thursday. Virtus Convertible & Income Fund II has a twelve month low of $12.15 and a twelve month high of $15.99. The business’s 50-day simple moving average is $14.88 and its 200 day simple moving average is $14.42.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Readystate Asset Management LP lifted its stake in Virtus Convertible & Income Fund II by 77.8% during the first quarter. Readystate Asset Management LP now owns 22,422 shares of the investment management company’s stock worth $301,000 after purchasing an additional 9,808 shares during the period. Saba Capital Management L.P. bought a new position in Virtus Convertible & Income Fund II during the first quarter worth about $4,717,000. Walled Lake Planning & Wealth Management LLC bought a new position in Virtus Convertible & Income Fund II during the first quarter worth about $213,000. Kestra Advisory Services LLC lifted its stake in Virtus Convertible & Income Fund II by 2.1% during the first quarter. Kestra Advisory Services LLC now owns 44,187 shares of the investment management company’s stock worth $593,000 after purchasing an additional 915 shares during the period. Finally, PFG Investments LLC lifted its stake in Virtus Convertible & Income Fund II by 19.5% during the first quarter. PFG Investments LLC now owns 13,610 shares of the investment management company’s stock worth $183,000 after purchasing an additional 2,220 shares during the period.

About Virtus Convertible & Income Fund II

Virtus Convertible & Income Fund II (NYSE: NCZ) is a diversified, closed‐end management investment company that seeks to provide shareholders with a combination of current income and capital appreciation. The fund primarily invests in convertible securities issued by U.S. and non-U.S. companies, along with a mix of high‐yield and investment-grade fixed-income instruments. By blending exposure to equity-linked convertibles and traditional debt, NCZ aims to deliver enhanced returns across varying market environments.

The portfolio is actively managed by the Virtus Convertible & Income Portfolio Management Team, a group of seasoned investment professionals affiliated with Virtus Investment Partners.