Virtus Convertible & Income Fund II (NCZ) To Go Ex-Dividend on May 11th

Virtus Convertible & Income Fund II (NYSE:NCZ) declared a monthly dividend on Wednesday, March 4th. Stockholders of record on Monday, May 11th will be given a dividend of 0.12 per share by the investment management company on Thursday, May 28th. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date of this dividend is Monday, May 11th.

Virtus Convertible & Income Fund II Price Performance

NCZ opened at $15.82 on Friday. Virtus Convertible & Income Fund II has a 1 year low of $11.86 and a 1 year high of $15.83. The firm has a 50 day moving average price of $14.37 and a 200 day moving average price of $14.21.

Hedge Funds Weigh In On Virtus Convertible & Income Fund II

Hedge funds have recently made changes to their positions in the business. Penserra Capital Management LLC raised its position in Virtus Convertible & Income Fund II by 89.3% in the third quarter. Penserra Capital Management LLC now owns 523,378 shares of the investment management company’s stock valued at $7,159,000 after purchasing an additional 246,902 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Virtus Convertible & Income Fund II by 7.4% in the third quarter. Advisors Asset Management Inc. now owns 855,843 shares of the investment management company’s stock worth $11,708,000 after buying an additional 59,074 shares during the period. Park Avenue Securities LLC acquired a new stake in shares of Virtus Convertible & Income Fund II in the third quarter valued at about $1,261,000. Wolverine Asset Management LLC grew its stake in shares of Virtus Convertible & Income Fund II by 171.7% in the fourth quarter. Wolverine Asset Management LLC now owns 52,729 shares of the investment management company’s stock valued at $727,000 after buying an additional 33,324 shares in the last quarter. Finally, Closed End Fund Advisors Inc. purchased a new stake in shares of Virtus Convertible & Income Fund II during the 4th quarter valued at about $234,000.

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.