Landscape Capital Management L.L.C. Decreases Stake in Virtus Convertible & Income Fund II (NYSE:NCZ)

Posted by Defense World Staff on Aug 21st, 2023

Landscape Capital Management L.L.C. lessened its position in shares of Virtus Convertible & Income Fund II (NYSE:NCZ – Free Report) by 48.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 67,670 shares of the investment management company’s stock after selling 64,651 shares during the period. Landscape Capital Management L.L.C.’s holdings in Virtus Convertible & Income Fund II were worth $203,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. grew its stake in shares of Virtus Convertible & Income Fund II by 3.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 117,401 shares of the investment management company’s stock worth $508,000 after purchasing an additional 4,333 shares in the last quarter. Baird Financial Group Inc. boosted its position in shares of Virtus Convertible & Income Fund II by 1.9% during the 4th quarter. Baird Financial Group Inc. now owns 231,821 shares of the investment management company’s stock worth $668,000 after acquiring an additional 4,376 shares in the last quarter. Moors & Cabot Inc. increased its holdings in shares of Virtus Convertible & Income Fund II by 41.7% in the 4th quarter. Moors & Cabot Inc. now owns 17,000 shares of the investment management company’s stock valued at $49,000 after acquiring an additional 5,000 shares during the last quarter. LPL Financial LLC raised its position in shares of Virtus Convertible & Income Fund II by 3.2% during the 4th quarter. LPL Financial LLC now owns 173,393 shares of the investment management company’s stock worth $499,000 after acquiring an additional 5,307 shares in the last quarter. Finally, Truist Financial Corp lifted its stake in Virtus Convertible & Income Fund II by 1.9% during the fourth quarter. Truist Financial Corp now owns 372,818 shares of the investment management company’s stock worth $1,074,000 after purchasing an additional 7,012 shares during the last quarter.

Virtus Convertible & Income Fund II Stock Down 1.7 %

Shares of NCZ opened at $2.91 on Monday. Virtus Convertible & Income Fund II has a 52-week low of $2.68 and a 52-week high of $3.56. The stock has a 50 day moving average price of $3.04 and a 200 day moving average price of $3.03.

Virtus Convertible & Income Fund II Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, August 1st. Stockholders of record on Thursday, July 13th were issued a $0.03 dividend. This represents a dividend yield of 11.84%. The ex-dividend date was Wednesday, July 12th.

Virtus Convertible & Income Fund II Profile

(Free Report)

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.