Advisors Asset Management Inc. Acquires 162,103 Shares of Virtus Convertible & Income Fund II (NYSE:NCZ)

Advisors Asset Management Inc. boosted its holdings in Virtus Convertible & Income Fund II (NYSE:NCZ) by 5.5% during the fourth quarter, Holdings Channel reports. The fund owned 3,093,637 shares of the investment management company’s stock after purchasing an additional 162,103 shares during the period. Advisors Asset Management Inc.’s holdings in Virtus Convertible & Income Fund II were worth $9,683,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in NCZ. Congress Park Capital LLC raised its position in shares of Virtus Convertible & Income Fund II by 30.5% in the fourth quarter. Congress Park Capital LLC now owns 1,792,142 shares of the investment management company’s stock valued at $5,609,000 after purchasing an additional 418,741 shares during the period. Pathstone Holdings LLC boosted its holdings in shares of Virtus Convertible & Income Fund II by 27.2% during the 3rd quarter. Pathstone Holdings LLC now owns 1,408,269 shares of the investment management company’s stock worth $4,381,000 after buying an additional 300,758 shares during the period. Park Avenue Securities LLC grew its stake in Virtus Convertible & Income Fund II by 5.3% in the 4th quarter. Park Avenue Securities LLC now owns 453,458 shares of the investment management company’s stock valued at $1,419,000 after buying an additional 22,805 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in Virtus Convertible & Income Fund II by 11.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 242,479 shares of the investment management company’s stock valued at $759,000 after acquiring an additional 24,720 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its position 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 Stock Performance

Shares of NYSE:NCZ opened at $11.69 on Wednesday. Virtus Convertible & Income Fund II has a 12-month low of $10.80 and a 12-month high of $13.44. The business has a 50 day moving average of $12.61 and a 200-day moving average of $12.58.

Virtus Convertible & Income Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, April 11th will be issued a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 12.32%. The ex-dividend date is Friday, April 11th.

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.