Illumine Investment Management LLC Invests $59,000 in Virtus Convertible & Income Fund II (NYSE:NCZ)

Illumine Investment Management LLC acquired a new position in shares of Virtus Convertible & Income Fund II (NYSE:NCZ) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 18,780 shares of the investment management company’s stock, valued at approximately $59,000.

Other institutional investors have also modified their holdings of the company. Advisors Asset Management Inc. grew its holdings in shares of Virtus Convertible & Income Fund II by 8.1% during the third quarter. Advisors Asset Management Inc. now owns 2,931,534 shares of the investment management company’s stock worth $9,117,000 after purchasing an additional 219,726 shares during the last quarter. Congress Park Capital LLC raised its position in shares of Virtus Convertible & Income Fund II by 30.5% in the 4th quarter. Congress Park Capital LLC now owns 1,792,142 shares of the investment management company’s stock worth $5,609,000 after buying an additional 418,741 shares during the period. Pathstone Holdings LLC boosted its holdings in Virtus Convertible & Income Fund II by 27.2% in the third quarter. Pathstone Holdings LLC now owns 1,408,269 shares of the investment management company’s stock valued at $4,381,000 after acquiring an additional 300,758 shares during the last quarter. Park Avenue Securities LLC grew its position in Virtus Convertible & Income Fund II by 5.3% during the fourth quarter. Park Avenue Securities LLC now owns 453,458 shares of the investment management company’s stock valued at $1,419,000 after acquiring an additional 22,805 shares during the period. Finally, Oppenheimer & Co. Inc. increased its stake in Virtus Convertible & Income Fund II by 25.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 240,343 shares of the investment management company’s stock worth $752,000 after acquiring an additional 48,163 shares during the last quarter.

Virtus Convertible & Income Fund II Price Performance

NCZ opened at $12.27 on Friday. Virtus Convertible & Income Fund II has a 1 year low of $10.80 and a 1 year high of $13.44. The firm has a 50 day moving average price of $12.79 and a 200 day moving average price of $12.56.

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.