Sit Investment Associates Inc. lessened its stake in Allianzgi Convertible & Income Fund II (NYSE:NCZ) by 98.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,515 shares of the investment management company’s stock after selling 998,698 shares during the period. Sit Investment Associates Inc.’s holdings in Allianzgi Convertible & Income Fund II were worth $122,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Wedbush Securities Inc. grew its position in Allianzgi Convertible & Income Fund II by 11.0% in the 2nd quarter. Wedbush Securities Inc. now owns 18,293 shares of the investment management company’s stock worth $114,000 after purchasing an additional 1,809 shares during the period. Wells Fargo & Company MN grew its position in Allianzgi Convertible & Income Fund II by 26.2% in the 2nd quarter. Wells Fargo & Company MN now owns 39,644 shares of the investment management company’s stock worth $246,000 after purchasing an additional 8,221 shares during the period. Sheaff Brock Investment Advisors LLC grew its position in Allianzgi Convertible & Income Fund II by 122.7% in the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 25,493 shares of the investment management company’s stock worth $159,000 after purchasing an additional 14,045 shares during the period. Cambridge Investment Research Advisors Inc. bought a new stake in Allianzgi Convertible & Income Fund II in the 2nd quarter worth approximately $338,000. Finally, Ameriprise Financial Inc. grew its position in Allianzgi Convertible & Income Fund II by 302.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 141,902 shares of the investment management company’s stock worth $883,000 after purchasing an additional 106,648 shares during the period.

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Shares of Allianzgi Convertible & Income Fund II (NYSE NCZ) opened at 6.24 on Thursday. The firm has a 50-day moving average of $6.22 and a 200-day moving average of $6.21. Allianzgi Convertible & Income Fund II has a 52-week low of $5.12 and a 52-week high of $6.49.

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Thursday, October 12th will be paid a dividend of $0.0575 per share. The ex-dividend date is Wednesday, October 11th. This represents a $0.69 dividend on an annualized basis and a yield of 11.06%.

Allianzgi Convertible & Income Fund II Company Profile

AllianzGI Convertible & Income Fund II (the Fund), formerly AGIC Convertible & Income Fund II, is a diversified, closed-end management investment company. The Fund’s investment objective is to provide total return through a combination of capital appreciation and high current income. The Fund focuses on investing approximately 50% of its portfolio in convertibles, but determines its allocation based on changes in equity prices, changes in interest rates and other economic and market factors.

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Institutional Ownership by Quarter for Allianzgi Convertible & Income Fund II (NYSE:NCZ)

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