Commonwealth Equity Services LLC lowered its position in shares of Allianzgi Convertible & Income Fund II (NYSE:NCZ) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 314,017 shares of the investment management company’s stock after selling 8,717 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Allianzgi Convertible & Income Fund II were worth $1,413,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NCZ. CWM LLC boosted 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 worth $25,000 after acquiring an additional 5,015 shares during the last quarter. Essex Financial Services Inc. acquired a new stake in Allianzgi Convertible & Income Fund II during the fourth quarter worth approximately $50,000. Kovack Advisors Inc. acquired a new stake in Allianzgi Convertible & Income Fund II during the fourth quarter worth approximately $66,000. Virtu Financial LLC acquired a new stake in Allianzgi Convertible & Income Fund II during the fourth quarter worth approximately $84,000. Finally, National Asset Management Inc. boosted its position in Allianzgi Convertible & Income Fund II by 11.1% during the fourth quarter. National Asset Management Inc. now owns 56,729 shares of the investment management company’s stock worth $256,000 after acquiring an additional 5,678 shares during the last quarter.

Shares of NYSE NCZ opened at $5.61 on Friday. Allianzgi Convertible & Income Fund II has a 1 year low of $4.20 and a 1 year high of $6.29.

The company also recently announced a monthly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 11th will be given a dividend of $0.0575 per share. The ex-dividend date is Friday, March 8th. This represents a $0.69 dividend on an annualized basis and a yield of 12.30%.

ILLEGAL ACTIVITY NOTICE: This piece of content was first posted by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of international trademark & copyright legislation. The legal version of this piece of content can be accessed at https://www.dailypolitical.com/2019/03/17/commonwealth-equity-services-llc-has-1-41-million-position-in-allianzgi-convertible-income-fund-ii-ncz.html.

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.

Read More: QQQ ETF

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

Receive News & Ratings for Allianzgi Convertible & Income Fund II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allianzgi Convertible & Income Fund II and related companies with MarketBeat.com's FREE daily email newsletter.