Park Avenue Securities LLC Has $1.42 Million Stock Position in Virtus Convertible & Income Fund II (NYSE:NCZ)

Park Avenue Securities LLC increased its holdings in shares of Virtus Convertible & Income Fund II (NYSE:NCZ) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 453,458 shares of the investment management company’s stock after buying an additional 22,805 shares during the quarter. Park Avenue Securities LLC’s holdings in Virtus Convertible & Income Fund II were worth $1,419,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC bought a new stake in shares of Virtus Convertible & Income Fund II in the third quarter worth about $40,000. Wealth Effects LLC bought a new stake in Virtus Convertible & Income Fund II in the 3rd quarter valued at $44,000. Sanctuary Advisors LLC acquired a new position in Virtus Convertible & Income Fund II in the 2nd quarter worth $59,000. Virtu Financial LLC increased its holdings in Virtus Convertible & Income Fund II by 44.2% during the 3rd quarter. Virtu Financial LLC now owns 20,137 shares of the investment management company’s stock worth $63,000 after purchasing an additional 6,176 shares in the last quarter. Finally, Greenleaf Trust acquired a new stake in shares of Virtus Convertible & Income Fund II in the 3rd quarter valued at about $77,000.

Virtus Convertible & Income Fund II Stock Performance

Shares of Virtus Convertible & Income Fund II stock opened at $3.21 on Monday. Virtus Convertible & Income Fund II has a one year low of $2.70 and a one year high of $3.36. The stock’s 50-day moving average is $3.21 and its 200-day moving average is $3.09.

Virtus Convertible & Income Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, March 28th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a yield of 44.93%. The ex-dividend date of this dividend is Thursday, March 13th.

About Virtus Convertible & Income Fund II

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.