Virtus Convertible & Income Fund II to Issue Monthly Dividend of $0.12 (NYSE:NCZ)

Virtus Convertible & Income Fund II (NYSE:NCZ) announced a monthly dividend on Wednesday, March 4th. Investors of record on Monday, May 11th will be given a dividend of 0.12 per share by the investment management company on Thursday, May 28th. This represents a c) dividend on an annualized basis and a yield of 9.8%. The ex-dividend date is Monday, May 11th.

Virtus Convertible & Income Fund II Price Performance

Shares of NYSE NCZ opened at $14.66 on Thursday. The firm has a fifty day moving average of $14.44 and a 200 day moving average of $14.03. Virtus Convertible & Income Fund II has a one year low of $10.23 and a one year high of $14.99.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Bell Private Wealth Management LLC increased 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 worth $104,000 after buying an additional 7,366 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Virtus Convertible & Income Fund II in the fourth quarter worth approximately $131,000. CoreCap Advisors LLC boosted 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 acquiring an additional 969 shares during the last quarter. PFG Investments LLC increased its position in shares of Virtus Convertible & Income Fund II by 8.9% during 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 in the last quarter. Finally, Readystate Asset Management LP acquired a new position in Virtus Convertible & Income Fund II in 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.