Virtus Convertible & Income Fund II (NYSE:NCZ) Plans $0.12 Monthly Dividend

Virtus Convertible & Income Fund II (NYSE:NCZ) announced a monthly dividend on Wednesday, June 3rd. Shareholders of record on Thursday, August 13th will be paid a dividend of 0.12 per share by the investment management company on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date is Thursday, August 13th.

Virtus Convertible & Income Fund II Price Performance

Shares of NCZ opened at $15.74 on Thursday. The company’s 50-day simple moving average is $14.88 and its 200-day simple moving average is $14.42. Virtus Convertible & Income Fund II has a 1 year low of $12.15 and a 1 year high of $15.99.

Hedge Funds Weigh In On Virtus Convertible & Income Fund II

Institutional investors have recently modified their holdings of the business. Blue Bell Private Wealth Management LLC raised its stake in shares of Virtus Convertible & Income Fund II by 4,943.6% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 7,515 shares of the investment management company’s stock valued at $104,000 after acquiring an additional 7,366 shares in the last quarter. Global Retirement Partners LLC acquired a new position in Virtus Convertible & Income Fund II during the 4th quarter worth $131,000. CoreCap Advisors LLC increased its holdings in Virtus Convertible & Income Fund II by 10.1% during the 4th quarter. CoreCap Advisors LLC now owns 10,530 shares of the investment management company’s stock worth $145,000 after purchasing an additional 969 shares during the period. PFG Investments LLC increased its holdings in Virtus Convertible & Income Fund II by 8.9% during the 4th 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 during the period. Finally, Readystate Asset Management LP acquired a new stake in Virtus Convertible & Income Fund II in the 4th quarter valued at about $174,000.

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.