Virtus Convertible & Income Fund II (NYSE:NCZ) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Virtus Convertible & Income Fund II (NYSE:NCZ) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.92 and traded as high as $15.85. Virtus Convertible & Income Fund II shares last traded at $15.62, with a volume of 60,871 shares.

Virtus Convertible & Income Fund II Stock Performance

The business’s 50-day moving average price is $15.54 and its 200 day moving average price is $14.93.

Virtus Convertible & Income Fund II Announces Dividend

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

Institutional Trading of Virtus Convertible & Income Fund II

Several institutional investors have recently added to or reduced their stakes in the stock. Saba Capital Management L.P. bought a new position in Virtus Convertible & Income Fund II during the first quarter valued at about $4,717,000. Advisors Asset Management Inc. raised its holdings in shares of Virtus Convertible & Income Fund II by 22.9% during the fourth quarter. Advisors Asset Management Inc. now owns 1,052,148 shares of the investment management company’s stock valued at $14,499,000 after acquiring an additional 196,305 shares during the period. Guggenheim Capital LLC lifted its position in shares of Virtus Convertible & Income Fund II by 85.5% in the 4th quarter. Guggenheim Capital LLC now owns 224,609 shares of the investment management company’s stock valued at $3,095,000 after acquiring an additional 103,556 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Virtus Convertible & Income Fund II by 94.2% in the 3rd quarter. Bank of America Corp DE now owns 125,244 shares of the investment management company’s stock valued at $1,713,000 after acquiring an additional 60,736 shares in the last quarter. Finally, LPL Financial LLC boosted its stake 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 worth $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.