Quad Cities Investment Group LLC raised its stake in shares of Allianzgi Convertible & Income Fund II (NYSE:NCZ) by 32.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,416 shares of the investment management company’s stock after purchasing an additional 8,426 shares during the period. Quad Cities Investment Group LLC’s holdings in Allianzgi Convertible & Income Fund II were worth $196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. CWM LLC raised its position in Allianzgi Convertible & Income Fund II by 1,053.6% during the fourth quarter. CWM LLC now owns 5,491 shares of the investment management company’s stock valued at $25,000 after purchasing an additional 5,015 shares during the period. Essex Financial Services Inc. bought a new position in shares of Allianzgi Convertible & Income Fund II during the fourth quarter valued at approximately $50,000. Kovack Advisors Inc. bought a new position in shares of Allianzgi Convertible & Income Fund II during the fourth quarter valued at approximately $66,000. Virtu Financial LLC bought a new position in shares of Allianzgi Convertible & Income Fund II during the fourth quarter valued at approximately $84,000. Finally, Jane Street Group LLC bought a new position in shares of Allianzgi Convertible & Income Fund II during the fourth quarter valued at approximately $96,000.

NCZ opened at $5.34 on Wednesday. Allianzgi Convertible & Income Fund II has a one year low of $4.20 and a one year high of $6.29.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Thursday, April 11th will be paid a dividend of $0.045 per share. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 10.11%.

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About Allianzgi Convertible & Income Fund II

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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