Wolverine Asset Management LLC Acquires 33,324 Shares of Virtus Convertible & Income Fund II $NCZ

Wolverine Asset Management LLC lifted its holdings in Virtus Convertible & Income Fund II (NYSE:NCZ) by 171.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,729 shares of the investment management company’s stock after purchasing an additional 33,324 shares during the period. Wolverine Asset Management LLC’s holdings in Virtus Convertible & Income Fund II were worth $727,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. CoreCap Advisors LLC increased its stake in shares of Virtus Convertible & Income Fund II by 10.1% in the fourth quarter. CoreCap Advisors LLC now owns 10,530 shares of the investment management company’s stock worth $145,000 after purchasing an additional 969 shares during the period. PFG Investments LLC increased its stake in shares of Virtus Convertible & Income Fund II by 8.9% in the fourth quarter. PFG Investments LLC now owns 11,390 shares of the investment management company’s stock worth $157,000 after purchasing an additional 927 shares during the period. Private Advisor Group LLC increased its stake in shares of Virtus Convertible & Income Fund II by 33.0% in the third quarter. Private Advisor Group LLC now owns 51,252 shares of the investment management company’s stock worth $701,000 after purchasing an additional 12,728 shares during the period. Raymond James Financial Inc. increased its stake in shares of Virtus Convertible & Income Fund II by 9.2% in the third quarter. Raymond James Financial Inc. now owns 58,595 shares of the investment management company’s stock worth $802,000 after purchasing an additional 4,954 shares during the period. Finally, Susquehanna International Group LLP increased its stake in shares of Virtus Convertible & Income Fund II by 5.3% in the third quarter. Susquehanna International Group LLP now owns 62,111 shares of the investment management company’s stock worth $850,000 after purchasing an additional 3,141 shares during the period.

Virtus Convertible & Income Fund II Trading Up 1.8%

Virtus Convertible & Income Fund II stock opened at $15.68 on Thursday. The business’s 50-day simple moving average is $14.36 and its 200-day simple moving average is $14.20. Virtus Convertible & Income Fund II has a 52 week low of $11.68 and a 52 week high of $15.69.

Virtus Convertible & Income Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Monday, May 11th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a c) annualized dividend and a yield of 9.2%.

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.