HighTower Advisors LLC Decreases Holdings in Virtus Convertible & Income Fund II (NYSE:NCZ)

HighTower Advisors LLC cut its stake in Virtus Convertible & Income Fund II (NYSE:NCZ) by 9.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,762 shares of the investment management company’s stock after selling 8,075 shares during the quarter. HighTower Advisors LLC’s holdings in Virtus Convertible & Income Fund II were worth $247,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Illumine Investment Management LLC purchased a new stake in shares of Virtus Convertible & Income Fund II during the 4th quarter valued at about $59,000. Virtu Financial LLC grew its position in Virtus Convertible & Income Fund II by 44.2% in the third quarter. Virtu Financial LLC now owns 20,137 shares of the investment management company’s stock valued at $63,000 after acquiring an additional 6,176 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of Virtus Convertible & Income Fund II during the fourth quarter valued at approximately $79,000. Atria Wealth Solutions Inc. lifted its position in shares of Virtus Convertible & Income Fund II by 152.8% during the fourth quarter. Atria Wealth Solutions Inc. now owns 31,432 shares of the investment management company’s stock worth $98,000 after purchasing an additional 19,000 shares in the last quarter. Finally, Choreo LLC boosted its stake in shares of Virtus Convertible & Income Fund II by 5.4% in the fourth quarter. Choreo LLC now owns 79,617 shares of the investment management company’s stock valued at $252,000 after purchasing an additional 4,110 shares during the period.

Virtus Convertible & Income Fund II Stock Up 0.4 %

NCZ opened at $11.80 on Thursday. Virtus Convertible & Income Fund II has a twelve month low of $10.80 and a twelve month high of $13.44. The company has a fifty day simple moving average of $12.41 and a 200 day simple moving average of $12.56.

Virtus Convertible & Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 29th. Stockholders 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 dividend yield of 12.20%. The ex-dividend date is Friday, April 11th.

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.