Virtus Convertible & Income Fund II (NYSE:NCZ) Shares Pass Above 200-Day Moving Average – Should You Sell?

Virtus Convertible & Income Fund II (NYSE:NCZ) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $14.67 and traded as high as $15.94. Virtus Convertible & Income Fund II shares last traded at $15.92, with a volume of 68,732 shares traded.

Virtus Convertible & Income Fund II Stock Performance

The business has a 50 day moving average of $15.50 and a two-hundred day moving average of $14.68.

Virtus Convertible & Income Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, August 28th. Shareholders of record on Thursday, August 13th will be given a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 9.2%. The ex-dividend date of this dividend is Thursday, August 13th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Virtus Convertible & Income Fund II by 4,943.6% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 7,515 shares of the investment management company’s stock valued at $104,000 after purchasing an additional 7,366 shares during the last quarter. Global Retirement Partners LLC purchased a new position in Virtus Convertible & Income Fund II during the 4th quarter worth $131,000. CoreCap Advisors LLC grew its stake in Virtus Convertible & Income Fund II by 10.1% during the 4th quarter. CoreCap Advisors LLC now owns 10,530 shares of the investment management company’s stock worth $145,000 after buying an additional 969 shares during the last quarter. PFG Investments LLC increased its position in Virtus Convertible & Income Fund II by 8.9% during the 4th quarter. PFG Investments LLC now owns 11,390 shares of the investment management company’s stock valued at $157,000 after buying an additional 927 shares in the last quarter. Finally, Readystate Asset Management LP acquired a new position in Virtus Convertible & Income Fund II during the 4th quarter valued at about $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.