Saba Capital Management L.P. Takes Position in Virtus Convertible & Income Fund II $NCZ

Posted by Brenda Bartman on Jul 28th, 2026

Saba Capital Management L.P. bought a new position in shares of Virtus Convertible & Income Fund II (NYSE:NCZ – Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 351,755 shares of the investment management company’s stock, valued at approximately $4,717,000.

Other large investors have also added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC boosted its position in Virtus Convertible & Income Fund II by 4,943.6% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 7,515 shares of the investment management company’s stock worth $104,000 after purchasing an additional 7,366 shares during the period. Global Retirement Partners LLC bought a new position in shares of Virtus Convertible & Income Fund II in the fourth quarter valued at about $131,000. CoreCap Advisors LLC raised its position 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 valued at $145,000 after purchasing an additional 969 shares during the period. PFG Investments LLC lifted its stake in shares of Virtus Convertible & Income Fund II by 8.9% during the 4th quarter. PFG Investments LLC now owns 11,390 shares of the investment management company’s stock worth $157,000 after buying an additional 927 shares during the last quarter. Finally, Readystate Asset Management LP acquired a new stake in shares of Virtus Convertible & Income Fund II during the 4th quarter worth about $174,000.

Virtus Convertible & Income Fund II Stock Down 0.1%

Shares of NCZ stock opened at $15.15 on Tuesday. Virtus Convertible & Income Fund II has a 52 week low of $12.94 and a 52 week high of $16.00. The company has a 50-day simple moving average of $15.54 and a 200 day simple moving average of $14.88.

Virtus Convertible & Income Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, August 28th. Investors of record on Thursday, August 13th will be paid a $0.12 dividend. The ex-dividend date is Thursday, August 13th. This represents a c) annualized dividend and a yield of 9.5%.

About Virtus Convertible & Income Fund II

(Free Report)

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.