Virtus Convertible & Income Fund II (NYSE:NCZ) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Virtus Convertible & Income Fund II (NYSE:NCZ) 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 trading hands.

Virtus Convertible & Income Fund II Stock Down 0.5%

The company’s fifty day moving average price is $13.89 and its 200-day moving average price is $13.47.

Virtus Convertible & Income Fund II Dividend Announcement

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

Institutional Investors Weigh In On Virtus Convertible & Income Fund II

Institutional investors and hedge funds have recently modified their holdings of the business. Congress Park Capital LLC bought a new stake in shares of Virtus Convertible & Income Fund II during the second quarter worth $7,101,000. Penserra Capital Management LLC increased its stake in Virtus Convertible & Income Fund II by 89.3% in the 3rd quarter. Penserra Capital Management LLC now owns 523,378 shares of the investment management company’s stock worth $7,159,000 after buying an additional 246,902 shares during the period. Park Avenue Securities LLC purchased a new position in Virtus Convertible & Income Fund II in the 3rd quarter worth about $1,261,000. Guggenheim Capital LLC bought a new stake in Virtus Convertible & Income Fund II during the 2nd quarter valued at about $1,166,000. Finally, Advisors Asset Management Inc. boosted its position in Virtus Convertible & Income Fund II by 12.9% in 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 buying an additional 90,765 shares during the period.

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.