Virtus Convertible & Income Fund II (NYSE:NCZ) Announces $0.12 Monthly Dividend

Virtus Convertible & Income Fund II (NYSE:NCZ) announced a monthly dividend on Wednesday, June 3rd. Stockholders of record on Monday, June 15th will be given a dividend of 0.12 per share by the investment management company on Monday, June 29th. This represents a c) annualized dividend and a dividend yield of 9.1%. The ex-dividend date is Monday, June 15th.

Virtus Convertible & Income Fund II Price Performance

Shares of NYSE NCZ opened at $15.74 on Thursday. The company’s fifty day moving average price is $14.88 and its 200 day moving average price is $14.42. Virtus Convertible & Income Fund II has a 1 year low of $12.15 and a 1 year high of $15.99.

Institutional Trading of Virtus Convertible & Income Fund II

Hedge funds have recently added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC boosted its holdings in Virtus Convertible & Income Fund II by 4,943.6% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 7,515 shares of the investment management company’s stock worth $104,000 after buying an additional 7,366 shares in the last quarter. Global Retirement Partners LLC acquired a new position in Virtus Convertible & Income Fund II during the fourth quarter worth $131,000. CoreCap Advisors LLC raised its position in Virtus Convertible & Income Fund II by 10.1% during the fourth quarter. CoreCap Advisors LLC now owns 10,530 shares of the investment management company’s stock worth $145,000 after acquiring an additional 969 shares during the period. PFG Investments LLC raised its position in Virtus Convertible & Income Fund II by 8.9% during the fourth quarter. PFG Investments LLC now owns 11,390 shares of the investment management company’s stock worth $157,000 after acquiring an additional 927 shares during the period. Finally, Readystate Asset Management LP acquired a new position in Virtus Convertible & Income Fund II during the fourth quarter worth $174,000.

About Virtus Convertible & Income Fund II

Virtus Convertible & Income Fund II (NYSE: NCZ) is a diversified, closed‐end management investment company that seeks to provide shareholders with a combination of current income and capital appreciation. The fund primarily invests in convertible securities issued by U.S. and non-U.S. companies, along with a mix of high‐yield and investment-grade fixed-income instruments. By blending exposure to equity-linked convertibles and traditional debt, NCZ aims to deliver enhanced returns across varying market environments.

The portfolio is actively managed by the Virtus Convertible & Income Portfolio Management Team, a group of seasoned investment professionals affiliated with Virtus Investment Partners.