PFG Investments LLC Has $132,000 Stake in Virtus Convertible & Income Fund II (NYSE:NCZ)

PFG Investments LLC reduced its position in shares of Virtus Convertible & Income Fund II (NYSE:NCZ) by 10.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,038 shares of the investment management company’s stock after selling 5,112 shares during the period. PFG Investments LLC’s holdings in Virtus Convertible & Income Fund II were worth $132,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Congress Park Capital LLC boosted its position in Virtus Convertible & Income Fund II by 30.5% during the 4th quarter. Congress Park Capital LLC now owns 1,792,142 shares of the investment management company’s stock worth $5,609,000 after acquiring an additional 418,741 shares during the last quarter. Park Avenue Securities LLC grew its position in Virtus Convertible & Income Fund II by 5.3% in the fourth quarter. Park Avenue Securities LLC now owns 453,458 shares of the investment management company’s stock valued at $1,419,000 after purchasing an additional 22,805 shares in the last quarter. Virtu Financial LLC increased its stake in Virtus Convertible & Income Fund II by 44.2% in the 3rd quarter. Virtu Financial LLC now owns 20,137 shares of the investment management company’s stock valued at $63,000 after buying an additional 6,176 shares during the last quarter. Ionic Capital Management LLC bought a new stake in Virtus Convertible & Income Fund II during the 3rd quarter worth about $150,000. Finally, Advisors Asset Management Inc. boosted its stake in shares of Virtus Convertible & Income Fund II by 8.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,931,534 shares of the investment management company’s stock worth $9,117,000 after buying an additional 219,726 shares during the last quarter.

Virtus Convertible & Income Fund II Stock Down 0.6 %

NYSE:NCZ opened at $3.28 on Friday. Virtus Convertible & Income Fund II has a 52-week low of $2.70 and a 52-week high of $3.36. The stock’s 50-day simple moving average is $3.22 and its 200 day simple moving average is $3.10.

Virtus Convertible & Income Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 43.90%. The ex-dividend date of this dividend is Thursday, March 13th.

Virtus Convertible & Income Fund II Company Profile

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.