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

Virtus Convertible & Income Fund II (NYSE:NCZ)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.99 and traded as high as $16.17. Virtus Convertible & Income Fund II shares last traded at $16.10, with a volume of 51,939 shares.

Virtus Convertible & Income Fund II Stock Up 0.4%

The company has a fifty day simple moving average of $15.55 and a two-hundred day simple moving average of $15.00.

Virtus Convertible & Income Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, August 28th. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend is Thursday, August 13th.

Institutional Trading of Virtus Convertible & Income Fund II

Several large investors have recently bought and sold shares of NCZ. Blue Bell Private Wealth Management LLC boosted its position in Virtus Convertible & Income Fund II by 4,943.6% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 7,515 shares of the investment management company’s stock valued at $104,000 after buying an additional 7,366 shares in the last quarter. Global Retirement Partners LLC acquired a new position in Virtus Convertible & Income Fund II during the 4th quarter worth about $131,000. PFG Investments LLC lifted its holdings in Virtus Convertible & Income Fund II by 8.9% during the 4th quarter. PFG Investments LLC now owns 11,390 shares of the investment management company’s stock worth $157,000 after buying an additional 927 shares during the period. Readystate Asset Management LP bought a new stake in shares of Virtus Convertible & Income Fund II in the 4th quarter valued at about $174,000. Finally, Walled Lake Planning & Wealth Management LLC acquired a new stake in shares of Virtus Convertible & Income Fund II in the first quarter valued at about $213,000.

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.