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

Virtus Convertible & Income Fund II (NYSE:NCZ)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.19 and traded as high as $13.20. Virtus Convertible & Income Fund II shares last traded at $13.05, with a volume of 33,888 shares changing hands.

Virtus Convertible & Income Fund II Trading Down 0.2 %

The business’s 50-day moving average is $3.42 and its two-hundred day moving average is $3.19.

Virtus Convertible & Income Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, March 28th. Investors of record on Thursday, March 13th will be given a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.03%. The ex-dividend date of this dividend is Thursday, March 13th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC bought a new position in shares of Virtus Convertible & Income Fund II during the third quarter valued at about $40,000. Wealth Effects LLC bought a new position in shares of Virtus Convertible & Income Fund II during the third quarter valued at about $44,000. Sanctuary Advisors LLC bought a new position in shares of Virtus Convertible & Income Fund II during the second quarter valued at about $59,000. Illumine Investment Management LLC purchased a new stake in Virtus Convertible & Income Fund II during the fourth quarter worth about $59,000. Finally, Virtu Financial LLC increased its holdings in Virtus Convertible & Income Fund II by 44.2% during the third quarter. Virtu Financial LLC now owns 20,137 shares of the investment management company’s stock worth $63,000 after buying an additional 6,176 shares during the last quarter.

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.