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

Virtus Convertible & Income Fund II (NYSE:NCZ)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.74 and traded as high as $14.02. Virtus Convertible & Income Fund II shares last traded at $13.90, with a volume of 59,731 shares traded.

Virtus Convertible & Income Fund II Trading Up 0.7%

The company has a 50-day moving average of $13.69 and a 200-day moving average of $12.74.

Virtus Convertible & Income Fund II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a c) annualized dividend and a dividend yield of 10.4%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. raised its position in shares of Virtus Convertible & Income Fund II by 60.5% in the 2nd quarter. Osaic Holdings Inc. now owns 124,630 shares of the investment management company’s stock worth $1,600,000 after acquiring an additional 46,983 shares in the last quarter. Prevail Innovative Wealth Advisors LLC raised its position in shares of Virtus Convertible & Income Fund II by 14.7% in the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 99,500 shares of the investment management company’s stock worth $1,278,000 after acquiring an additional 12,777 shares in the last quarter. Guggenheim Capital LLC bought a new position in shares of Virtus Convertible & Income Fund II in the 2nd quarter worth about $1,166,000. Invesco Ltd. raised its position in shares of Virtus Convertible & Income Fund II by 18.4% in the 2nd quarter. Invesco Ltd. now owns 97,958 shares of the investment management company’s stock worth $1,258,000 after acquiring an additional 15,243 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of Virtus Convertible & Income Fund II by 12.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 796,769 shares of the investment management company’s stock valued at $10,231,000 after buying an additional 90,765 shares during the period.

About Virtus Convertible & Income Fund II

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.