Private Advisor Group LLC Buys 5,636 Shares of Virtus Convertible & Income Fund II (NYSE:NCZ)

Private Advisor Group LLC lifted its stake in shares of Virtus Convertible & Income Fund II (NYSE:NCZ) by 4.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,853 shares of the investment management company’s stock after purchasing an additional 5,636 shares during the quarter. Private Advisor Group LLC’s holdings in Virtus Convertible & Income Fund II were worth $419,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Virtu Financial LLC lifted its position 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 acquiring an additional 6,176 shares in the last quarter. Wolverine Asset Management LLC bought a new position in Virtus Convertible & Income Fund II in the 3rd quarter valued at about $78,000. Atria Wealth Solutions Inc. lifted its position in Virtus Convertible & Income Fund II by 152.8% in the 4th quarter. Atria Wealth Solutions Inc. now owns 31,432 shares of the investment management company’s stock valued at $98,000 after acquiring an additional 19,000 shares in the last quarter. Ionic Capital Management LLC bought a new position in Virtus Convertible & Income Fund II in the 3rd quarter valued at about $150,000. Finally, Choreo LLC lifted its position in Virtus Convertible & Income Fund II by 5.4% in the 4th quarter. Choreo LLC now owns 79,617 shares of the investment management company’s stock valued at $252,000 after acquiring an additional 4,110 shares in the last quarter.

Virtus Convertible & Income Fund II Price Performance

Virtus Convertible & Income Fund II stock opened at $12.28 on Wednesday. Virtus Convertible & Income Fund II has a 52 week low of $10.80 and a 52 week high of $13.44. The company’s 50 day moving average price is $12.77 and its two-hundred day moving average price is $12.59.

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.