8,250 Shares in Virtus Convertible & Income Fund II (NYSE:NCZ) Bought by Marshall & Sterling Wealth Advisors Inc.

Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Virtus Convertible & Income Fund II (NYSE:NCZ) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,250 shares of the investment management company’s stock, valued at approximately $26,000.

Several other large investors have also made changes to their positions in NCZ. Walleye Capital LLC purchased a new position in Virtus Convertible & Income Fund II during the fourth quarter valued at $50,000. Illumine Investment Management LLC bought a new position in shares of Virtus Convertible & Income Fund II during the 4th quarter valued at about $59,000. Virtu Financial LLC grew its position in shares of 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 valued at $63,000 after purchasing an additional 6,176 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of Virtus Convertible & Income Fund II in the fourth quarter worth about $79,000. Finally, Atria Wealth Solutions Inc. lifted its position in shares of Virtus Convertible & Income Fund II by 152.8% in the fourth quarter. Atria Wealth Solutions Inc. now owns 31,432 shares of the investment management company’s stock worth $98,000 after buying an additional 19,000 shares in the last quarter.

Virtus Convertible & Income Fund II Stock Performance

NYSE NCZ opened at $11.64 on Tuesday. Virtus Convertible & Income Fund II has a 1-year low of $10.23 and a 1-year high of $13.44. The business has a 50 day simple moving average of $11.62 and a two-hundred day simple moving average of $12.38.

Virtus Convertible & Income Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 29th. Investors of record on Friday, April 11th will be given a $0.12 dividend. This represents a $1.44 annualized dividend and a yield of 12.37%. The ex-dividend date of this dividend is Friday, April 11th.

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.