Virtus Convertible & Income Fund II (NYSE:NCZ) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Virtus Convertible & Income Fund II (NYSE:NCZ)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.33 and traded as high as $15.58. Virtus Convertible & Income Fund II shares last traded at $15.5050, with a volume of 52,046 shares changing hands.

Virtus Convertible & Income Fund II Stock Performance

The firm has a 50 day moving average price of $14.60 and a two-hundred day moving average price of $14.33.

Virtus Convertible & Income Fund II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Monday, May 11th will be paid a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 9.3%. The ex-dividend date is Monday, May 11th.

Hedge Funds Weigh In On Virtus Convertible & Income Fund II

Several institutional investors and hedge funds have recently made changes to their positions in NCZ. Invesco Ltd. increased its stake in shares of Virtus Convertible & Income Fund II by 18.4% in the second quarter. Invesco Ltd. now owns 97,958 shares of the investment management company’s stock worth $1,258,000 after buying an additional 15,243 shares during the last quarter. Prevail Innovative Wealth Advisors LLC boosted its stake in Virtus Convertible & Income Fund II by 14.7% during the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 99,500 shares of the investment management company’s stock valued at $1,278,000 after acquiring an additional 12,777 shares during the last quarter. Penserra Capital Management LLC boosted its stake in Virtus Convertible & Income Fund II by 89.3% during the 3rd quarter. Penserra Capital Management LLC now owns 523,378 shares of the investment management company’s stock valued at $7,159,000 after acquiring an additional 246,902 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in Virtus Convertible & Income Fund II by 11.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 104,783 shares of the investment management company’s stock worth $1,433,000 after acquiring an additional 10,494 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Virtus Convertible & Income Fund II by 7.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 855,843 shares of the investment management company’s stock worth $11,708,000 after purchasing an additional 59,074 shares during the last quarter.

About Virtus Convertible & Income Fund II

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.