Wolverine Asset Management LLC Invests $78,000 in Virtus Convertible & Income Fund II (NYSE:NCZ)

Wolverine Asset Management LLC bought a new stake in Virtus Convertible & Income Fund II (NYSE:NCZ) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 25,139 shares of the investment management company’s stock, valued at approximately $78,000.

A number of other institutional investors have also recently bought and sold shares of the business. Sykon Capital LLC bought a new position in shares of Virtus Convertible & Income Fund II during the 2nd quarter worth approximately $29,000. Great Valley Advisor Group Inc. acquired a new stake in Virtus Convertible & Income Fund II during the 2nd quarter valued at $32,000. Sequoia Financial Advisors LLC bought a new position in Virtus Convertible & Income Fund II during the third quarter worth $40,000. Wealth Effects LLC acquired a new position in shares of Virtus Convertible & Income Fund II in the third quarter valued at $44,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Virtus Convertible & Income Fund II in the second quarter valued at about $59,000.

Virtus Convertible & Income Fund II Stock Performance

NYSE NCZ opened at $3.14 on Friday. The firm has a 50-day moving average of $3.09 and a 200-day moving average of $2.98. Virtus Convertible & Income Fund II has a 52-week low of $2.69 and a 52-week high of $3.24.

Virtus Convertible & Income Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders 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 yield of 11.46%.

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.