J.W. Cole Advisors Inc. Takes Position in Virtus Convertible & Income Fund II (NYSE:NCZ)

J.W. Cole Advisors Inc. purchased a new stake in Virtus Convertible & Income Fund II (NYSE:NCZ) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 34,289 shares of the investment management company’s stock, valued at approximately $100,000.

Several other large investors have also recently bought and sold shares of NCZ. Sykon Capital LLC bought a new stake in Virtus Convertible & Income Fund II during the second quarter worth about $29,000. Choreo LLC acquired a new stake in Virtus Convertible & Income Fund II in the second quarter valued at approximately $211,000. Great Valley Advisor Group Inc. acquired a new stake in shares of Virtus Convertible & Income Fund II during the 2nd quarter valued at $32,000. Integrated Capital Management Inc. raised its position in Virtus Convertible & Income Fund II by 19.4% in the second quarter. Integrated Capital Management Inc. now owns 77,251 shares of the investment management company’s stock valued at $226,000 after purchasing an additional 12,567 shares during the last quarter. Finally, Cetera Advisors LLC acquired a new stake in Virtus Convertible & Income Fund II during the 1st quarter worth approximately $877,000.

Virtus Convertible & Income Fund II Price Performance

Shares of Virtus Convertible & Income Fund II stock opened at $3.05 on Friday. Virtus Convertible & Income Fund II has a twelve month low of $2.50 and a twelve month high of $3.09. The company’s fifty day moving average is $2.96 and its 200 day moving average is $2.91.

Virtus Convertible & Income Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th will be given a dividend of $0.03 per share. The ex-dividend date is Tuesday, November 12th. This represents a $0.36 annualized dividend and a dividend yield of 11.80%.

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.