Virtus Convertible & Income Fund II (NYSE:NCZ) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Virtus Convertible & Income Fund II (NYSE:NCZ)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.46 and traded as high as $14.15. Virtus Convertible & Income Fund II shares last traded at $14.13, with a volume of 36,185 shares changing hands.

Virtus Convertible & Income Fund II Stock Performance

The stock has a 50-day simple moving average of $13.88 and a two-hundred day simple moving average of $13.46.

Virtus Convertible & Income Fund II Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, February 26th. Investors of record on Thursday, February 12th will be given a $0.12 dividend. The ex-dividend date is Thursday, February 12th. This represents a c) dividend on an annualized basis and a yield of 10.2%.

Institutional Investors Weigh In On Virtus Convertible & Income Fund II

A number of institutional investors have recently made changes to their positions in the business. WPG Advisers LLC purchased a new position in Virtus Convertible & Income Fund II during the 1st quarter valued at about $29,000. Geneos Wealth Management Inc. grew its position in shares of Virtus Convertible & Income Fund II by 56.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 11,389 shares of the investment management company’s stock worth $132,000 after buying an additional 4,121 shares during the last quarter. Congress Park Capital LLC purchased a new position in shares of Virtus Convertible & Income Fund II during the second quarter valued at approximately $7,101,000. Integrated Capital Management Inc. purchased a new position in shares of Virtus Convertible & Income Fund II during the second quarter valued at approximately $236,000. Finally, Penserra Capital Management LLC raised its holdings in shares of Virtus Convertible & Income Fund II by 3.0% during the second quarter. Penserra Capital Management LLC now owns 276,476 shares of the investment management company’s stock valued at $3,549,000 after acquiring an additional 8,149 shares in the last quarter.

Virtus Convertible & Income Fund II Company 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.