Virtus Convertible & Income Fund II (NYSE:NCZ) Shares Pass Above 200 Day Moving Average – Should You Sell?

Virtus Convertible & Income Fund II (NYSE:NCZ) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.76 and traded as high as $15.61. Virtus Convertible & Income Fund II shares last traded at $15.5950, with a volume of 43,610 shares trading hands.

Virtus Convertible & Income Fund II Stock Down 0.0%

The stock’s 50 day moving average is $15.57 and its 200-day moving average is $14.76.

Virtus Convertible & Income Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, August 28th. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NCZ. Wolverine Asset Management LLC grew its stake in Virtus Convertible & Income Fund II by 171.7% in the fourth quarter. Wolverine Asset Management LLC now owns 52,729 shares of the investment management company’s stock worth $727,000 after purchasing an additional 33,324 shares during the period. Prevail Innovative Wealth Advisors LLC raised its holdings in Virtus Convertible & Income Fund II by 14.7% in the second quarter. Prevail Innovative Wealth Advisors LLC now owns 99,500 shares of the investment management company’s stock worth $1,278,000 after purchasing an additional 12,777 shares in the last quarter. Raymond James Financial Inc. lifted its position in Virtus Convertible & Income Fund II by 9.2% during the third quarter. Raymond James Financial Inc. now owns 58,595 shares of the investment management company’s stock valued at $802,000 after buying an additional 4,954 shares during the period. Kestra Advisory Services LLC lifted its position in 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 valued at $596,000 after buying an additional 17,305 shares during the period. Finally, Readystate Asset Management LP bought a new stake in shares of Virtus Convertible & Income Fund II during the 4th quarter valued at $174,000.

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.