Virtus Convertible & Income Fund II (NYSE:NCZ) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Virtus Convertible & Income Fund II (NYSE:NCZ) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.07 and traded as high as $3.19. Virtus Convertible & Income Fund II shares last traded at $3.16, with a volume of 288,868 shares trading hands.

Virtus Convertible & Income Fund II Price Performance

The stock has a 50-day moving average price of $3.20 and a 200-day moving average price of $3.07.

Virtus Convertible & Income Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, March 13th will be given a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 45.57%. The ex-dividend date is Thursday, March 13th.

Hedge Funds Weigh In On Virtus Convertible & Income Fund II

A number of hedge funds have recently bought and sold shares of the business. Sykon Capital LLC bought a new stake in shares of Virtus Convertible & Income Fund II during the 2nd quarter worth approximately $29,000. Sequoia Financial Advisors LLC bought a new stake in shares of Virtus Convertible & Income Fund II during the 3rd quarter valued at approximately $40,000. Wealth Effects LLC bought a new stake in shares of Virtus Convertible & Income Fund II during the 3rd quarter valued at approximately $44,000. Sanctuary Advisors LLC acquired a new position in Virtus Convertible & Income Fund II during the 2nd quarter worth approximately $59,000. Finally, Virtu Financial LLC lifted its stake in Virtus Convertible & Income Fund II by 44.2% in the 3rd quarter. Virtu Financial LLC now owns 20,137 shares of the investment management company’s stock valued at $63,000 after purchasing an additional 6,176 shares during the last quarter.

Virtus Convertible & Income Fund II Company 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.