Ionic Capital Management LLC Has $485,000 Position in Virtus Convertible & Income Fund II (NYSE:NCZ)

Ionic Capital Management LLC boosted its stake in shares of Virtus Convertible & Income Fund II (NYSE:NCZ) by 221.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 154,827 shares of the investment management company’s stock after acquiring an additional 106,694 shares during the period. Ionic Capital Management LLC’s holdings in Virtus Convertible & Income Fund II were worth $485,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NCZ. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Virtus Convertible & Income Fund II in the fourth quarter worth $26,000. Jane Street Group LLC bought a new position in Virtus Convertible & Income Fund II in the 4th quarter valued at about $32,000. Walleye Capital LLC acquired a new position in shares of Virtus Convertible & Income Fund II in the 4th quarter valued at approximately $50,000. Illumine Investment Management LLC acquired a new position in shares of Virtus Convertible & Income Fund II in the 4th quarter valued at approximately $59,000. Finally, SVB Wealth LLC bought a new stake in shares of Virtus Convertible & Income Fund II during the 4th quarter worth approximately $79,000.

Virtus Convertible & Income Fund II Price Performance

Shares of NYSE:NCZ opened at $11.94 on Friday. Virtus Convertible & Income Fund II has a 1 year low of $10.23 and a 1 year high of $13.44. The company’s 50 day simple moving average is $11.50 and its 200 day simple moving average is $12.33.

Virtus Convertible & Income Fund II Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, May 29th. Shareholders of record on Tuesday, May 13th will be given a $0.12 dividend. The ex-dividend date is Monday, May 12th. This represents a yield of 12.29%.

Virtus Convertible & Income Fund II 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.