Commonwealth Equity Services LLC Purchases 24,720 Shares of Virtus Convertible & Income Fund II (NYSE:NCZ)

Commonwealth Equity Services LLC boosted its position in Virtus Convertible & Income Fund II (NYSE:NCZ) by 11.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 242,479 shares of the investment management company’s stock after buying an additional 24,720 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Virtus Convertible & Income Fund II were worth $759,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of NCZ. Congress Park Capital LLC increased its position in Virtus Convertible & Income Fund II by 30.5% in the 4th quarter. Congress Park Capital LLC now owns 1,792,142 shares of the investment management company’s stock worth $5,609,000 after buying an additional 418,741 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Virtus Convertible & Income Fund II in the fourth quarter worth $644,000. Oppenheimer & Co. Inc. increased its position in Virtus Convertible & Income Fund II by 25.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 240,343 shares of the investment management company’s stock worth $752,000 after acquiring an additional 48,163 shares during the period. SVB Wealth LLC bought a new position in Virtus Convertible & Income Fund II during the fourth quarter worth $79,000. Finally, Park Avenue Securities LLC raised its stake in Virtus Convertible & Income Fund II by 5.3% during the 4th quarter. Park Avenue Securities LLC now owns 453,458 shares of the investment management company’s stock valued at $1,419,000 after purchasing an additional 22,805 shares during the last quarter.

Virtus Convertible & Income Fund II Stock Performance

NYSE NCZ opened at $11.80 on Thursday. The company’s fifty day moving average is $12.41 and its two-hundred day moving average is $12.56. Virtus Convertible & Income Fund II has a 52-week low of $10.80 and a 52-week high of $13.44.

Virtus Convertible & Income Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 29th. Investors of record on Friday, April 11th will be given a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a yield of 12.20%. The ex-dividend date is Friday, April 11th.

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.