Gilliland Jeter Wealth Management LLC acquired a new stake in Virtus Convertible & Income Fund II (NYSE:NCZ – Free Report) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 14,871 shares of the investment management company’s stock, valued at approximately $44,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CTC Alternative Strategies Ltd. increased its stake in Virtus Convertible & Income Fund II by 108.6% in the 4th quarter. CTC Alternative Strategies Ltd. now owns 37,764 shares of the investment management company’s stock valued at $113,000 after buying an additional 19,664 shares during the last quarter. Ieq Capital LLC increased its stake in Virtus Convertible & Income Fund II by 50.0% in the 3rd quarter. Ieq Capital LLC now owns 43,385 shares of the investment management company’s stock valued at $120,000 after buying an additional 14,463 shares during the last quarter. KPP Advisory Services LLC purchased a new stake in Virtus Convertible & Income Fund II in the 3rd quarter valued at about $163,000. Axxcess Wealth Management LLC purchased a new stake in Virtus Convertible & Income Fund II in the 3rd quarter valued at about $166,000. Finally, Landscape Capital Management L.L.C. increased its stake in Virtus Convertible & Income Fund II by 126.5% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 87,808 shares of the investment management company’s stock valued at $242,000 after buying an additional 49,033 shares during the last quarter.
Virtus Convertible & Income Fund II Trading Up 1.4 %
NYSE:NCZ traded up $0.04 on Friday, hitting $2.82. The stock had a trading volume of 431,705 shares, compared to its average volume of 443,706. Virtus Convertible & Income Fund II has a 1 year low of $2.50 and a 1 year high of $3.15. The firm’s fifty day simple moving average is $2.87 and its two-hundred day simple moving average is $2.84.
Virtus Convertible & Income Fund II Announces Dividend
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.
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