Moors & Cabot Inc. Purchases 7,500 Shares of Virtus Convertible & Income Fund II (NYSE:NCZ)

Moors & Cabot Inc. raised its position in Virtus Convertible & Income Fund II (NYSE:NCZ) by 44.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,500 shares of the investment management company’s stock after purchasing an additional 7,500 shares during the quarter. Moors & Cabot Inc.’s holdings in Virtus Convertible & Income Fund II were worth $76,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Cetera Investment Advisers raised its position in Virtus Convertible & Income Fund II by 15.3% in the second quarter. Cetera Investment Advisers now owns 268,359 shares of the investment management company’s stock valued at $835,000 after purchasing an additional 35,566 shares during the last quarter. Vantage Financial Partners LLC acquired a new stake in shares of Virtus Convertible & Income Fund II in the second quarter valued at about $37,000. Ieq Capital LLC acquired a new stake in shares of Virtus Convertible & Income Fund II in the second quarter valued at about $90,000. Envestnet Asset Management Inc. increased its stake in shares of Virtus Convertible & Income Fund II by 3.4% in the second quarter. Envestnet Asset Management Inc. now owns 376,083 shares of the investment management company’s stock valued at $1,170,000 after buying an additional 12,417 shares during the period. Finally, Atria Wealth Solutions Inc. increased its stake in shares of Virtus Convertible & Income Fund II by 29.7% in the second quarter. Atria Wealth Solutions Inc. now owns 112,189 shares of the investment management company’s stock valued at $352,000 after buying an additional 25,677 shares during the period.

Virtus Convertible & Income Fund II Price Performance

Shares of NCZ stock opened at $2.76 on Tuesday. The stock has a 50-day moving average of $2.70 and a 200-day moving average of $2.89. Virtus Convertible & Income Fund II has a 1-year low of $2.50 and a 1-year high of $3.45.

Virtus Convertible & Income Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, January 30th. Stockholders of record on Friday, January 12th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.36 annualized dividend and a dividend yield of 13.07%.

Virtus Convertible & Income Fund II Company Profile

Virtus Convertible & Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade.