Virtus Convertible & Income Fund II (NCZ) to Issue Monthly Dividend of $0.12 on July 30th

Virtus Convertible & Income Fund II (NYSE:NCZ) declared a monthly dividend on Wednesday, June 3rd. Stockholders of record on Monday, July 13th will be paid a dividend of 0.12 per share by the investment management company on Thursday, July 30th. This represents a c) annualized dividend and a dividend yield of 9.1%. The ex-dividend date is Monday, July 13th.

Virtus Convertible & Income Fund II Trading Up 0.6%

Shares of NCZ opened at $15.75 on Friday. The stock has a 50 day moving average of $14.93 and a 200-day moving average of $14.44. Virtus Convertible & Income Fund II has a 52 week low of $12.15 and a 52 week high of $15.99.

Institutional Trading of Virtus Convertible & Income Fund II

Several large investors have recently added to or reduced their stakes in the business. Blue Bell Private Wealth Management LLC boosted its stake in Virtus Convertible & Income Fund II by 4,943.6% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 7,515 shares of the investment management company’s stock valued at $104,000 after purchasing an additional 7,366 shares in the last quarter. Global Retirement Partners LLC bought a new position in Virtus Convertible & Income Fund II during the 4th quarter valued at $131,000. CoreCap Advisors LLC boosted its stake in Virtus Convertible & Income Fund II by 10.1% during the 4th quarter. CoreCap Advisors LLC now owns 10,530 shares of the investment management company’s stock valued at $145,000 after purchasing an additional 969 shares in the last quarter. PFG Investments LLC boosted its stake in Virtus Convertible & Income Fund II by 8.9% during the 4th quarter. PFG Investments LLC now owns 11,390 shares of the investment management company’s stock valued at $157,000 after purchasing an additional 927 shares in the last quarter. Finally, Readystate Asset Management LP bought a new position in Virtus Convertible & Income Fund II during the 4th quarter valued at $174,000.

About Virtus Convertible & Income Fund II

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.