Heron Bay Capital Management Sells 7,145 Shares of Virtus Convertible & Income Fund II (NYSE:NCZ)

Heron Bay Capital Management lessened its holdings in shares of Virtus Convertible & Income Fund II (NYSE:NCZ) by 0.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,904,453 shares of the investment management company’s stock after selling 7,145 shares during the period. Heron Bay Capital Management’s holdings in Virtus Convertible & Income Fund II were worth $5,561,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Sykon Capital LLC bought a new stake in shares of Virtus Convertible & Income Fund II during the 2nd quarter worth approximately $29,000. Great Valley Advisor Group Inc. bought a new position in Virtus Convertible & Income Fund II in the second quarter valued at about $32,000. Pinnacle Wealth Planning Services Inc. boosted its stake in shares of Virtus Convertible & Income Fund II by 16.6% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 24,450 shares of the investment management company’s stock valued at $73,000 after purchasing an additional 3,476 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of Virtus Convertible & Income Fund II during the first quarter worth about $75,000. Finally, J.W. Cole Advisors Inc. acquired a new position in shares of Virtus Convertible & Income Fund II in the second quarter valued at approximately $100,000.

Virtus Convertible & Income Fund II Trading Up 0.7 %

Shares of NYSE:NCZ opened at $3.07 on Friday. The firm’s fifty day moving average is $2.97 and its 200-day moving average is $2.91. Virtus Convertible & Income Fund II has a 52 week low of $2.50 and a 52 week high of $3.09.

Virtus Convertible & Income Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be paid a $0.03 dividend. This represents a $0.36 annualized dividend and a yield of 11.73%. The ex-dividend date is Tuesday, November 12th.

Virtus Convertible & Income Fund II 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.