Integrated Capital Management Inc. Raises Position in Virtus Convertible & Income Fund II (NYSE:NCZ)

Integrated Capital Management Inc. boosted its stake in Virtus Convertible & Income Fund II (NYSE:NCZFree Report) by 6.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,684 shares of the investment management company’s stock after buying an additional 3,991 shares during the quarter. Integrated Capital Management Inc.’s holdings in Virtus Convertible & Income Fund II were worth $193,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NCZ. Advisors Asset Management Inc. lifted its stake in Virtus Convertible & Income Fund II by 6.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,548,085 shares of the investment management company’s stock valued at $4,273,000 after buying an additional 96,423 shares in the last quarter. Axxcess Wealth Management LLC purchased a new position in Virtus Convertible & Income Fund II in the 3rd quarter worth approximately $166,000. KPP Advisory Services LLC purchased a new position in Virtus Convertible & Income Fund II in the 3rd quarter worth approximately $163,000. Heron Bay Capital Management lifted its stake in Virtus Convertible & Income Fund II by 89.0% in the 4th quarter. Heron Bay Capital Management now owns 1,909,671 shares of the investment management company’s stock worth $5,691,000 after purchasing an additional 899,510 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in Virtus Convertible & Income Fund II by 9.1% in the 4th quarter. Raymond James & Associates now owns 185,865 shares of the investment management company’s stock worth $554,000 after purchasing an additional 15,461 shares in the last quarter.

Virtus Convertible & Income Fund II Price Performance

NCZ remained flat at $2.85 during trading on Friday. 162,762 shares of the company’s stock were exchanged, compared to its average volume of 431,616. The stock has a 50-day simple moving average of $2.85 and a two-hundred day simple moving average of $2.89. Virtus Convertible & Income Fund II has a twelve month low of $2.50 and a twelve month high of $3.15.

Virtus Convertible & Income Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, July 30th. Stockholders of record on Thursday, July 11th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 12.63%.

Virtus Convertible & Income Fund II Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Virtus Convertible & Income Fund II (NYSE:NCZ)

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