Virtus Convertible & Income Fund II (NYSE:NCZ) Stock Passes Above 200 Day Moving Average – What’s Next?

Virtus Convertible & Income Fund II (NYSE:NCZ)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $14.02 and traded as high as $14.64. Virtus Convertible & Income Fund II shares last traded at $14.56, with a volume of 44,416 shares traded.

Virtus Convertible & Income Fund II Trading Down 2.2%

The business has a 50-day simple moving average of $14.44 and a 200 day simple moving average of $14.03.

Virtus Convertible & Income Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, May 28th. Investors of record on Monday, May 11th will be issued a $0.12 dividend. The ex-dividend date is Monday, May 11th. This represents a c) annualized dividend and a yield of 10.0%.

Institutional Investors Weigh In On Virtus Convertible & Income Fund II

Institutional investors and hedge funds have recently modified their holdings of the stock. Penserra Capital Management LLC boosted its stake in shares of Virtus Convertible & Income Fund II by 3.0% during the 2nd quarter. Penserra Capital Management LLC now owns 276,476 shares of the investment management company’s stock valued at $3,549,000 after purchasing an additional 8,149 shares in the last quarter. Cornerstone Advisors LLC purchased a new stake in Virtus Convertible & Income Fund II in the second quarter worth about $765,000. Advisors Asset Management Inc. boosted its position in Virtus Convertible & Income Fund II by 12.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 796,769 shares of the investment management company’s stock valued at $10,231,000 after acquiring an additional 90,765 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Virtus Convertible & Income Fund II by 18.4% during the 2nd quarter. Invesco Ltd. now owns 97,958 shares of the investment management company’s stock worth $1,258,000 after acquiring an additional 15,243 shares during the period. Finally, Guggenheim Capital LLC purchased a new position in shares of Virtus Convertible & Income Fund II during the 2nd quarter worth approximately $1,166,000.

Virtus Convertible & Income Fund II Company Profile

Virtus Convertible & Income Fund II (NYSE: NCZ) is a diversified, closed‐end management investment company that seeks to provide shareholders with a combination of current income and capital appreciation. The fund primarily invests in convertible securities issued by U.S. and non-U.S. companies, along with a mix of high‐yield and investment-grade fixed-income instruments. By blending exposure to equity-linked convertibles and traditional debt, NCZ aims to deliver enhanced returns across varying market environments.

The portfolio is actively managed by the Virtus Convertible & Income Portfolio Management Team, a group of seasoned investment professionals affiliated with Virtus Investment Partners.