Virtus Convertible & Income Fund II (NYSE:NCZ) Shares Cross Above 200 Day Moving Average – Time to Sell?

Virtus Convertible & Income Fund II (NYSE:NCZ)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $14.86 and traded as high as $15.44. Virtus Convertible & Income Fund II shares last traded at $15.1810, with a volume of 30,541 shares trading hands.

Virtus Convertible & Income Fund II Stock Down 1.0%

The stock has a 50 day simple moving average of $15.54 and a 200 day simple moving average of $14.86.

Virtus Convertible & Income Fund II Dividend Announcement

The firm also recently declared 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 9.5%. The ex-dividend date is Thursday, August 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NCZ. Kestra Advisory Services LLC increased its position in shares of Virtus Convertible & Income Fund II by 2.1% during the first quarter. Kestra Advisory Services LLC now owns 44,187 shares of the investment management company’s stock worth $593,000 after acquiring an additional 915 shares in the last quarter. PFG Investments LLC raised its stake in shares of Virtus Convertible & Income Fund II by 8.9% in 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 during the last quarter. CoreCap Advisors LLC raised 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 purchasing an additional 969 shares during the last quarter. Susquehanna International Group LLP lifted its holdings in shares of Virtus Convertible & Income Fund II by 5.3% in the third quarter. Susquehanna International Group LLP now owns 62,111 shares of the investment management company’s stock valued at $850,000 after purchasing an additional 3,141 shares in the last quarter. Finally, Private Advisor Group LLC lifted its holdings in shares of Virtus Convertible & Income Fund II by 9.3% in the first quarter. Private Advisor Group LLC now owns 57,977 shares of the investment management company’s stock valued at $777,000 after purchasing an additional 4,950 shares in the last quarter.

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.