Virtus Convertible & Income Fund II $NCZ Holdings Reduced by Walleye Capital LLC

Walleye Capital LLC decreased its position in Virtus Convertible & Income Fund II (NYSE:NCZ) by 14.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 13,645 shares of the investment management company’s stock after selling 2,365 shares during the period. Walleye Capital LLC’s holdings in Virtus Convertible & Income Fund II were worth $158,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of NCZ. Penserra Capital Management LLC bought a new position in Virtus Convertible & Income Fund II in the 1st quarter worth about $3,101,000. Ionic Capital Management LLC grew its position in Virtus Convertible & Income Fund II by 221.7% in the 4th quarter. Ionic Capital Management LLC now owns 154,827 shares of the investment management company’s stock worth $485,000 after purchasing an additional 106,694 shares during the last quarter. Wolverine Asset Management LLC bought a new position in Virtus Convertible & Income Fund II in the 1st quarter worth about $703,000. Accredited Investor Services LLC bought a new position in Virtus Convertible & Income Fund II in the 1st quarter worth about $210,000. Finally, Insigneo Advisory Services LLC bought a new position in Virtus Convertible & Income Fund II in the 1st quarter worth about $149,000.

Virtus Convertible & Income Fund II Trading Up 0.5%

Virtus Convertible & Income Fund II stock opened at $13.60 on Friday. The firm has a 50 day simple moving average of $13.11 and a 200-day simple moving average of $12.31. Virtus Convertible & Income Fund II has a 12-month low of $10.23 and a 12-month high of $13.68.

Virtus Convertible & Income Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th will be issued a $0.12 dividend. The ex-dividend date is Thursday, November 13th. This represents a c) annualized dividend and a dividend yield of 10.6%.

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.