Guggenheim Capital LLC Acquires New Stake in Virtus Convertible & Income Fund II $NCZ

Guggenheim Capital LLC bought a new position in Virtus Convertible & Income Fund II (NYSE:NCZ) during the second quarter, HoldingsChannel.com reports. The fund bought 90,802 shares of the investment management company’s stock, valued at approximately $1,166,000.

Other large investors have also recently made changes to their positions in the company. Integrated Capital Management Inc. bought a new position in Virtus Convertible & Income Fund II in the second quarter worth approximately $236,000. Advisors Asset Management Inc. raised its position in Virtus Convertible & Income Fund II by 12.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 796,769 shares of the investment management company’s stock valued at $10,231,000 after purchasing an additional 90,765 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings 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 period. WPG Advisers LLC bought a new position in shares of Virtus Convertible & Income Fund II during the 1st quarter worth $29,000. Finally, Penserra Capital Management LLC grew its position in shares of Virtus Convertible & Income Fund II by 3.0% during the 2nd quarter. Penserra Capital Management LLC now owns 276,476 shares of the investment management company’s stock worth $3,549,000 after buying an additional 8,149 shares in the last quarter.

Virtus Convertible & Income Fund II Stock Performance

NCZ stock opened at $14.12 on Thursday. Virtus Convertible & Income Fund II has a 1-year low of $10.23 and a 1-year high of $14.44. The business has a 50-day moving average price of $13.92 and a 200 day moving average price of $13.35.

Virtus Convertible & Income Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Thursday, February 12th will be issued a $0.12 dividend. The ex-dividend date is Thursday, February 12th. This represents a c) annualized dividend and a dividend yield of 10.2%.

Virtus Convertible & Income Fund II Profile

Virtus 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.