Landscape Capital Management L.L.C. Sells 9,835 Shares of Virtus Convertible & Income Fund II (NYSE:NCZ)

Landscape Capital Management L.L.C. lessened its holdings in shares of Virtus Convertible & Income Fund II (NYSE:NCZ) by 2.3% in the third quarter, HoldingsChannel.com reports. The fund owned 418,138 shares of the investment management company’s stock after selling 9,835 shares during the period. Landscape Capital Management L.L.C.’s holdings in Virtus Convertible & Income Fund II were worth $1,300,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Sykon Capital LLC bought a new stake in Virtus Convertible & Income Fund II during the second quarter valued at approximately $29,000. Great Valley Advisor Group Inc. bought a new stake in shares of Virtus Convertible & Income Fund II during the 2nd quarter worth $32,000. Sequoia Financial Advisors LLC bought a new stake in shares of Virtus Convertible & Income Fund II during the 3rd quarter worth $40,000. Wealth Effects LLC bought a new position in Virtus Convertible & Income Fund II in the third quarter valued at $44,000. Finally, Sanctuary Advisors LLC bought a new stake in Virtus Convertible & Income Fund II during the second quarter worth about $59,000.

Virtus Convertible & Income Fund II Price Performance

Shares of NCZ stock opened at $3.26 on Friday. The business has a 50-day moving average price of $3.11 and a two-hundred day moving average price of $2.99. Virtus Convertible & Income Fund II has a 12-month low of $2.70 and a 12-month high of $3.27.

Virtus Convertible & Income Fund II Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, March 28th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.12 per share. This is a boost from Virtus Convertible & Income Fund II’s previous monthly dividend of $0.03. This represents a $1.44 dividend on an annualized basis and a yield of 44.17%. The ex-dividend date of this dividend is Thursday, March 13th.

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.