Virtus Convertible & Income Fund II (NYSE:NCZ) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Virtus Convertible & Income Fund II (NYSE:NCZ)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.81 and traded as high as $15.08. Virtus Convertible & Income Fund II shares last traded at $14.80, with a volume of 95,952 shares changing hands.

Virtus Convertible & Income Fund II Price Performance

The stock’s fifty day moving average is $15.56 and its two-hundred day moving average is $14.81.

Virtus Convertible & Income Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, August 28th. Shareholders of record on Thursday, August 13th will be given a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 9.6%. The ex-dividend date is Thursday, August 13th.

Institutional Investors Weigh In On Virtus Convertible & Income Fund II

Hedge funds and other institutional investors have recently modified their holdings of the stock. Readystate Asset Management LP raised its stake in shares of Virtus Convertible & Income Fund II by 77.8% in the 1st quarter. Readystate Asset Management LP now owns 22,422 shares of the investment management company’s stock worth $301,000 after buying an additional 9,808 shares in the last quarter. Saba Capital Management L.P. acquired a new stake in Virtus Convertible & Income Fund II during the first quarter valued at approximately $4,717,000. Walled Lake Planning & Wealth Management LLC bought a new stake in Virtus Convertible & Income Fund II during the first quarter worth approximately $213,000. Kestra Advisory Services LLC boosted its holdings in Virtus Convertible & Income Fund II by 2.1% during the first quarter. Kestra Advisory Services LLC now owns 44,187 shares of the investment management company’s stock worth $593,000 after buying an additional 915 shares in the last quarter. Finally, PFG Investments LLC grew its position in Virtus Convertible & Income Fund II by 19.5% in the first quarter. PFG Investments LLC now owns 13,610 shares of the investment management company’s stock worth $183,000 after buying an additional 2,220 shares during the last quarter.

About Virtus Convertible & Income Fund II

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.