Raymond James Financial Inc. Purchases New Holdings in Virtus Convertible & Income Fund II (NYSE:NCZ)

Raymond James Financial Inc. bought a new stake in Virtus Convertible & Income Fund II (NYSE:NCZ) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 205,893 shares of the investment management company’s stock, valued at approximately $644,000.

Several other hedge funds and other institutional investors have also modified their holdings of NCZ. Virtu Financial LLC raised its position in Virtus Convertible & Income Fund II by 44.2% during the third quarter. Virtu Financial LLC now owns 20,137 shares of the investment management company’s stock valued at $63,000 after buying an additional 6,176 shares during the period. Park Avenue Securities LLC grew its stake in Virtus Convertible & Income Fund II by 5.3% during 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 acquiring an additional 22,805 shares in the last quarter. Congress Park Capital LLC increased its holdings in shares of Virtus Convertible & Income Fund II by 30.5% in the 4th 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. Choreo LLC lifted its position in shares of Virtus Convertible & Income Fund II by 5.4% in the fourth quarter. Choreo LLC now owns 79,617 shares of the investment management company’s stock worth $252,000 after purchasing an additional 4,110 shares in the last quarter. Finally, Atria Wealth Solutions Inc. boosted 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 worth $98,000 after purchasing an additional 19,000 shares during the period.

Virtus Convertible & Income Fund II Trading Down 5.4 %

Virtus Convertible & Income Fund II stock opened at $10.75 on Monday. Virtus Convertible & Income Fund II has a twelve month low of $10.64 and a twelve month high of $13.44. The firm’s 50 day moving average price is $12.32 and its two-hundred day moving average price is $12.55.

Virtus Convertible & Income Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Friday, April 11th will be paid a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 13.40%. The ex-dividend date is Friday, April 11th.

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.