Wolverine Asset Management LLC Has $727,000 Stock Position in Virtus Convertible & Income Fund II $NCZ

Wolverine Asset Management LLC raised its position in Virtus Convertible & Income Fund II (NYSE:NCZ) by 171.7% in the 4th quarter, HoldingsChannel reports. The fund owned 52,729 shares of the investment management company’s stock after purchasing an additional 33,324 shares during the period. Wolverine Asset Management LLC’s holdings in Virtus Convertible & Income Fund II were worth $727,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. PFG Investments LLC raised its holdings in Virtus Convertible & Income Fund II by 8.9% in the 4th quarter. PFG Investments LLC now owns 11,390 shares of the investment management company’s stock valued at $157,000 after acquiring an additional 927 shares in the last quarter. Congress Park Capital LLC raised its holdings in shares of Virtus Convertible & Income Fund II by 1.6% in the 4th quarter. Congress Park Capital LLC now owns 520,115 shares of the investment management company’s stock worth $7,167,000 after buying an additional 8,321 shares in the last quarter. CoreCap Advisors LLC raised its holdings in shares of Virtus Convertible & Income Fund II by 10.1% in the 4th quarter. CoreCap Advisors LLC now owns 10,530 shares of the investment management company’s stock worth $145,000 after buying an additional 969 shares in the last quarter. Susquehanna International Group LLP raised its holdings in shares of Virtus Convertible & Income Fund II by 5.3% in the 3rd quarter. Susquehanna International Group LLP now owns 62,111 shares of the investment management company’s stock worth $850,000 after buying an additional 3,141 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Virtus Convertible & Income Fund II by 94.2% in the 3rd quarter. Bank of America Corp DE now owns 125,244 shares of the investment management company’s stock worth $1,713,000 after buying an additional 60,736 shares in the last quarter.

Virtus Convertible & Income Fund II Price Performance

Shares of NCZ opened at $15.68 on Thursday. Virtus Convertible & Income Fund II has a 1 year low of $11.68 and a 1 year high of $15.69. The stock has a 50 day simple moving average of $14.36 and a 200-day simple moving average of $14.20.

Virtus Convertible & Income Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 11th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%.

Virtus Convertible & Income Fund II Company Profile

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.