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

Commonwealth Equity Services LLC raised its holdings in Virtus Convertible & Income Fund II (NYSE:NCZ) by 11.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Illumine Investment Management LLC acquired a new stake in shares of Virtus Convertible & Income Fund II during the 4th quarter valued at about $59,000. Virtu Financial LLC lifted its stake in Virtus Convertible & Income Fund II by 44.2% during the third quarter. Virtu Financial LLC now owns 20,137 shares of the investment management company’s stock worth $63,000 after purchasing an additional 6,176 shares during the period. SVB Wealth LLC acquired a new stake in Virtus Convertible & Income Fund II during the fourth quarter valued at approximately $79,000. Atria Wealth Solutions Inc. grew its stake in shares of 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 purchasing an additional 19,000 shares during the period. Finally, Choreo LLC raised its holdings in shares of 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 worth $252,000 after buying an additional 4,110 shares in the last quarter.

Virtus Convertible & Income Fund II Stock Performance

Virtus Convertible & Income Fund II stock opened at $11.80 on Thursday. The business has a 50 day simple moving average of $12.41 and a 200 day simple moving average of $12.56. Virtus Convertible & Income Fund II has a one year low of $10.80 and a one year 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. Stockholders of record on Friday, April 11th will be paid a $0.12 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.44 annualized dividend and a dividend yield of 12.20%.

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.