Virtus Convertible & Income Fund II (NYSE:NCZ) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Virtus Convertible & Income Fund II (NYSE:NCZ) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.86 and traded as high as $14.17. Virtus Convertible & Income Fund II shares last traded at $14.11, with a volume of 57,068 shares traded.

Virtus Convertible & Income Fund II Stock Up 1.0%

The stock has a fifty day moving average price of $13.76 and a 200-day moving average price of $12.86.

Virtus Convertible & Income Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a c) dividend on an annualized basis and a dividend yield of 10.2%.

Institutional Investors Weigh In On Virtus Convertible & Income Fund II

A number of large investors have recently bought and sold shares of NCZ. Integrated Capital Management Inc. acquired a new stake in Virtus Convertible & Income Fund II during the 2nd quarter valued at $236,000. Geneos Wealth Management Inc. increased its holdings in Virtus Convertible & Income Fund II by 56.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 11,389 shares of the investment management company’s stock valued at $132,000 after purchasing an additional 4,121 shares in the last quarter. WPG Advisers LLC acquired a new stake in Virtus Convertible & Income Fund II during the 1st quarter valued at $29,000. Accredited Investor Services LLC acquired a new stake in Virtus Convertible & Income Fund II during the 1st quarter valued at $210,000. Finally, Congress Park Capital LLC acquired a new stake in Virtus Convertible & Income Fund II during the 2nd quarter valued at $7,101,000.

About Virtus Convertible & Income Fund II

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.