Virtus Convertible & Income Fund II (NYSE:NCZ) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Virtus Convertible & Income Fund II (NYSE:NCZ)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.06 and traded as high as $14.28. Virtus Convertible & Income Fund II shares last traded at $14.0510, with a volume of 63,492 shares.

Virtus Convertible & Income Fund II Stock Down 0.5%

The stock has a fifty day moving average of $14.45 and a 200-day moving average of $14.06.

Virtus Convertible & Income Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 11th will be given a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 10.3%. The ex-dividend date is Monday, May 11th.

Hedge Funds Weigh In On Virtus Convertible & Income Fund II

Large investors have recently added to or reduced their stakes in the company. Readystate Asset Management LP bought a new position in shares of Virtus Convertible & Income Fund II in the 4th quarter valued at about $174,000. Guggenheim Capital LLC boosted its holdings in shares of Virtus Convertible & Income Fund II by 85.5% during the 4th quarter. Guggenheim Capital LLC now owns 224,609 shares of the investment management company’s stock worth $3,095,000 after buying an additional 103,556 shares during the period. Kestra Advisory Services LLC boosted its holdings in shares of Virtus Convertible & Income Fund II by 66.6% during the fourth quarter. Kestra Advisory Services LLC now owns 43,272 shares of the investment management company’s stock worth $596,000 after acquiring an additional 17,305 shares during the period. Advisors Asset Management Inc. increased its position in Virtus Convertible & Income Fund II by 22.9% during the 4th quarter. Advisors Asset Management Inc. now owns 1,052,148 shares of the investment management company’s stock worth $14,499,000 after buying an additional 196,305 shares during the period. Finally, LPL Financial LLC boosted its holdings in Virtus Convertible & Income Fund II by 20.7% in the 4th quarter. LPL Financial LLC now owns 270,520 shares of the investment management company’s stock valued at $3,728,000 after purchasing an additional 46,388 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.