Virtus Convertible & Income Fund II (NYSE:NCZ) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Virtus Convertible & Income Fund II (NYSE:NCZGet Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.28 and traded as high as $15.90. Virtus Convertible & Income Fund II shares last traded at $15.6830, with a volume of 79,186 shares traded.

Virtus Convertible & Income Fund II Price Performance

The firm’s 50 day moving average price is $14.49 and its two-hundred day moving average price is $14.29.

Virtus Convertible & Income Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 11th will be paid a $0.12 dividend. The ex-dividend date is Monday, May 11th. This represents a c) annualized dividend and a dividend yield of 9.4%.

Hedge Funds Weigh In On Virtus Convertible & Income Fund II

Several large investors have recently modified their holdings of the business. Kestra Advisory Services LLC increased its stake in shares of Virtus Convertible & Income Fund II by 2.1% in the first quarter. Kestra Advisory Services LLC now owns 44,187 shares of the investment management company’s stock worth $593,000 after purchasing an additional 915 shares in the last quarter. PFG Investments LLC increased 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 in the last quarter. CoreCap Advisors LLC boosted 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 acquiring an additional 969 shares during the period. Susquehanna International Group LLP boosted its position 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 acquiring an additional 3,141 shares during the period. Finally, Private Advisor Group LLC boosted its position 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 acquiring an additional 4,950 shares during the period.

About Virtus Convertible & Income Fund II

(Get 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.

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