Yellowstone Partners LLC bought a new stake in Allianzgi Convertible & Income Fund II (NYSE:NCZ) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 20,798 shares of the investment management company’s stock, valued at approximately $130,000.

Several other large investors also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its position in Allianzgi Convertible & Income Fund II by 493.9% during the third quarter. Ameriprise Financial Inc. now owns 842,754 shares of the investment management company’s stock worth $5,267,000 after buying an additional 700,852 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Allianzgi Convertible & Income Fund II by 5.2% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 458,600 shares of the investment management company’s stock valued at $2,867,000 after purchasing an additional 22,541 shares during the last quarter. Advisor Group Inc. grew its position in shares of Allianzgi Convertible & Income Fund II by 365.8% in the third quarter. Advisor Group Inc. now owns 105,363 shares of the investment management company’s stock valued at $659,000 after purchasing an additional 82,745 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Allianzgi Convertible & Income Fund II by 25.7% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 68,227 shares of the investment management company’s stock valued at $426,000 after purchasing an additional 13,930 shares during the last quarter. Finally, Investment Centers of America Inc. grew its position in shares of Allianzgi Convertible & Income Fund II by 275.3% in the third quarter. Investment Centers of America Inc. now owns 51,781 shares of the investment management company’s stock valued at $324,000 after purchasing an additional 37,984 shares during the last quarter.

Allianzgi Convertible & Income Fund II (NYSE NCZ) traded up $0.03 during trading on Friday, hitting $6.19. The stock had a trading volume of 187,200 shares, compared to its average volume of 259,932. Allianzgi Convertible & Income Fund II has a 52 week low of $5.66 and a 52 week high of $6.49.

The company also recently announced a monthly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be given a $0.0575 dividend. This represents a $0.69 annualized dividend and a dividend yield of 11.15%. The ex-dividend date is Friday, December 8th.

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Allianzgi Convertible & Income Fund II Company Profile

AllianzGI Convertible & Income Fund II (the Fund), formerly AGIC Convertible & Income Fund II, is a diversified, closed-end management investment company. The Fund’s investment objective is to provide total return through a combination of capital appreciation and high current income. The Fund focuses on investing approximately 50% of its portfolio in convertibles, but determines its allocation based on changes in equity prices, changes in interest rates and other economic and market factors.

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

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