Virtus Convertible & Income Fund II (NYSE:NCZ) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC reduced its holdings in Virtus Convertible & Income Fund II (NYSE:NCZ) by 9.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 78,762 shares of the investment management company’s stock after selling 8,075 shares during the period. HighTower Advisors LLC’s holdings in Virtus Convertible & Income Fund II were worth $247,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Atria Wealth Solutions Inc. raised its holdings in shares of Virtus Convertible & Income Fund II by 152.8% during the fourth quarter. Atria Wealth Solutions Inc. now owns 31,432 shares of the investment management company’s stock valued at $98,000 after buying an additional 19,000 shares during the last quarter. Private Advisor Group LLC increased its position in Virtus Convertible & Income Fund II by 4.4% in the 4th quarter. Private Advisor Group LLC now owns 133,853 shares of the investment management company’s stock valued at $419,000 after acquiring an additional 5,636 shares during the period. Oppenheimer & Co. Inc. raised its stake in Virtus Convertible & Income Fund II by 25.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 240,343 shares of the investment management company’s stock valued at $752,000 after acquiring an additional 48,163 shares in the last quarter. SVB Wealth LLC acquired a new position in Virtus Convertible & Income Fund II during the 4th quarter worth $79,000. Finally, Illumine Investment Management LLC bought a new position in shares of Virtus Convertible & Income Fund II in the fourth quarter worth $59,000.

Virtus Convertible & Income Fund II Trading Up 0.4 %

Shares of NCZ opened at $11.80 on Thursday. The firm has a 50-day moving average price of $12.41 and a 200 day moving average price of $12.56. Virtus Convertible & Income Fund II has a 52-week low of $10.80 and a 52-week high of $13.44.

Virtus Convertible & Income Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Friday, April 11th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 12.20%.

Virtus Convertible & Income Fund II Company 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.