LPL Financial LLC raised its stake in Allianzgi Convertible & Income Fund II (NYSE:NCZ) by 13.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 103,591 shares of the investment management company’s stock after acquiring an additional 12,027 shares during the quarter. LPL Financial LLC’s holdings in Allianzgi Convertible & Income Fund II were worth $466,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC raised its holdings in shares of Allianzgi Convertible & Income Fund II by 1,053.6% in the fourth quarter. CWM LLC now owns 5,491 shares of the investment management company’s stock worth $25,000 after acquiring an additional 5,015 shares during the last quarter. Essex Financial Services Inc. acquired a new position in shares of Allianzgi Convertible & Income Fund II in the fourth quarter worth $50,000. Kovack Advisors Inc. acquired a new position in shares of Allianzgi Convertible & Income Fund II in the fourth quarter worth $66,000. Virtu Financial LLC acquired a new position in shares of Allianzgi Convertible & Income Fund II in the fourth quarter worth $84,000. Finally, OTA Financial Group L.P. acquired a new position in shares of Allianzgi Convertible & Income Fund II in the fourth quarter worth $310,000.

NYSE NCZ opened at $5.64 on Tuesday. Allianzgi Convertible & Income Fund II has a fifty-two week low of $4.20 and a fifty-two week high of $6.29.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 11th will be given a $0.0575 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 12.23%. The ex-dividend date is Friday, March 8th.

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Allianzgi Convertible & Income Fund II Profile

AllianzGI 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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Institutional Ownership by Quarter for Allianzgi Convertible & Income Fund II (NYSE:NCZ)

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