Virtus Convertible & Income Fund II (NYSE:NCZ) Shares Pass Above 200 Day Moving Average – Here’s Why

Shares of Virtus Convertible & Income Fund II (NYSE:NCZ) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.28 and traded as high as $15.90. Virtus Convertible & Income Fund II shares last traded at $15.6830, with a volume of 79,186 shares traded.

Virtus Convertible & Income Fund II Stock Performance

The business has a 50-day moving average price of $14.47 and a 200 day moving average price of $14.28.

Virtus Convertible & Income Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 28th. Investors of record on Monday, May 11th will be paid a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date is Monday, May 11th.

Institutional Trading of Virtus Convertible & Income Fund II

Several institutional investors and hedge funds have recently modified their holdings of NCZ. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Virtus Convertible & Income Fund II by 4,943.6% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 7,515 shares of the investment management company’s stock worth $104,000 after acquiring an additional 7,366 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of Virtus Convertible & Income Fund II during the fourth quarter valued at approximately $131,000. CoreCap Advisors LLC grew its holdings in shares of Virtus Convertible & Income Fund II by 10.1% during the fourth quarter. CoreCap Advisors LLC now owns 10,530 shares of the investment management company’s stock valued at $145,000 after buying an additional 969 shares during the last quarter. PFG Investments LLC grew its position in Virtus Convertible & Income Fund II by 8.9% in the 4th quarter. PFG Investments LLC now owns 11,390 shares of the investment management company’s stock worth $157,000 after purchasing an additional 927 shares during the period. Finally, Readystate Asset Management LP purchased a new position in shares of Virtus Convertible & Income Fund II in the fourth quarter worth approximately $174,000.

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.