Virtus Convertible & Income Fund II (NYSE:NCZ) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Virtus Convertible & Income Fund II (NYSE:NCZ) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.05 and traded as high as $15.63. Virtus Convertible & Income Fund II shares last traded at $15.50, with a volume of 37,043 shares traded.

Virtus Convertible & Income Fund II Price Performance

The stock has a 50 day moving average of $15.59 and a 200 day moving average of $15.05.

Virtus Convertible & Income Fund II Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 28th. Shareholders of record on Thursday, August 13th will be issued a $0.12 dividend. This represents a c) annualized dividend and a yield of 9.3%. The ex-dividend date of this dividend is Thursday, August 13th.

Hedge Funds Weigh In On Virtus Convertible & Income Fund II

Hedge funds and other institutional investors have recently made changes to their positions in the company. Saba Capital Management L.P. acquired a new stake in shares of Virtus Convertible & Income Fund II during the 1st quarter worth approximately $4,717,000. Wolverine Asset Management LLC raised its position in Virtus Convertible & Income Fund II by 171.7% during the fourth quarter. Wolverine Asset Management LLC now owns 52,729 shares of the investment management company’s stock valued at $727,000 after purchasing an additional 33,324 shares in the last quarter. Readystate Asset Management LP acquired a new position in Virtus Convertible & Income Fund II during the fourth quarter valued at approximately $174,000. Susquehanna International Group LLP raised its position in Virtus Convertible & Income Fund II by 5.3% during the third quarter. Susquehanna International Group LLP now owns 62,111 shares of the investment management company’s stock valued at $850,000 after purchasing an additional 3,141 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC lifted its stake in Virtus Convertible & Income Fund II by 14.7% during the second quarter. Prevail Innovative Wealth Advisors LLC now owns 99,500 shares of the investment management company’s stock worth $1,278,000 after purchasing an additional 12,777 shares during 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.