92,214 Shares in Virtus Convertible & Income Fund II $NCZ Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC acquired a new stake in Virtus Convertible & Income Fund II (NYSE:NCZ) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 92,214 shares of the investment management company’s stock, valued at approximately $1,261,000.

A number of other institutional investors have also modified their holdings of NCZ. Integrated Capital Management Inc. bought a new stake in shares of Virtus Convertible & Income Fund II during the second quarter valued at approximately $236,000. Advisors Asset Management Inc. increased its holdings in Virtus Convertible & Income Fund II by 12.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 796,769 shares of the investment management company’s stock worth $10,231,000 after purchasing an additional 90,765 shares during the period. Geneos Wealth Management Inc. increased its holdings in Virtus Convertible & Income Fund II by 56.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 11,389 shares of the investment management company’s stock worth $132,000 after purchasing an additional 4,121 shares during the period. Osaic Holdings Inc. raised its position in Virtus Convertible & Income Fund II by 60.5% during the 2nd quarter. Osaic Holdings Inc. now owns 124,630 shares of the investment management company’s stock valued at $1,600,000 after purchasing an additional 46,983 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its holdings in shares of Virtus Convertible & Income Fund II by 3.0% in the 2nd quarter. Penserra Capital Management LLC now owns 276,476 shares of the investment management company’s stock worth $3,549,000 after buying an additional 8,149 shares during the period.

Virtus Convertible & Income Fund II Price Performance

NCZ opened at $14.23 on Tuesday. Virtus Convertible & Income Fund II has a 12-month low of $10.23 and a 12-month high of $14.44. The business’s fifty day simple moving average is $13.90 and its 200-day simple moving average is $13.62.

Virtus Convertible & Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 12th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, February 12th. This represents a c) dividend on an annualized basis and a yield of 10.1%.

Virtus Convertible & Income Fund II Profile

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.