SVB Wealth LLC Takes $89,000 Position in Virtus Convertible & Income Fund II (NYSE:NCZ)

SVB Wealth LLC purchased a new position in shares of Virtus Convertible & Income Fund II (NYSE:NCZGet Rating) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 30,963 shares of the investment management company’s stock, valued at approximately $89,000.

Several other large investors have also bought and sold shares of NCZ. Mercer Global Advisors Inc. ADV acquired a new position in shares of Virtus Convertible & Income Fund II in the 4th quarter valued at $30,000. Lido Advisors LLC bought a new stake in Virtus Convertible & Income Fund II in the third quarter valued at about $33,000. Moors & Cabot Inc. acquired a new position in Virtus Convertible & Income Fund II in the third quarter valued at about $34,000. Kestra Advisory Services LLC bought a new position in Virtus Convertible & Income Fund II during the fourth quarter worth about $35,000. Finally, Coldstream Capital Management Inc. acquired a new position in shares of Virtus Convertible & Income Fund II during the 4th quarter worth about $40,000.

Virtus Convertible & Income Fund II Stock Up 1.8 %

Shares of NCZ stock opened at $2.84 on Monday. The stock has a 50-day moving average of $2.95 and a 200-day moving average of $3.06. Virtus Convertible & Income Fund II has a one year low of $2.68 and a one year high of $3.69.

Virtus Convertible & Income Fund II Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, May 1st. Shareholders of record on Thursday, April 13th were paid a $0.03 dividend. This represents a $0.36 annualized dividend and a yield of 12.68%. The ex-dividend date of this dividend was Wednesday, April 12th.

About Virtus Convertible & Income Fund II

(Get Rating)

Virtus AllianzGI Convertible & Income Fund II operates as a closed-end fund, which seeks to provide total return through a combination of capital appreciation and high current income. It invests in a diversified portfolio of domestic convertible securities and non-convertible high-yield bonds rated below investment grade.

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Institutional Ownership by Quarter for Virtus Convertible & Income Fund II (NYSE:NCZ)

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