National Asset Management Inc. Has $324,000 Stock Position in Virtus AllianzGI Convertible & Income Fund II (NYSE:NCZ)

National Asset Management Inc. boosted its stake in shares of Virtus AllianzGI Convertible & Income Fund II (NYSE:NCZ) by 3.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 60,540 shares of the investment management company’s stock after buying an additional 1,901 shares during the quarter. National Asset Management Inc.’s holdings in Virtus AllianzGI Convertible & Income Fund II were worth $324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in the stock. Fifth Third Bancorp bought a new stake in shares of Virtus AllianzGI Convertible & Income Fund II in the 1st quarter worth about $44,000. Mercer Global Advisors Inc. ADV acquired a new position in Virtus AllianzGI Convertible & Income Fund II during the 1st quarter valued at about $170,000. Boston Private Wealth LLC lifted its position in Virtus AllianzGI Convertible & Income Fund II by 78.8% during the 1st quarter. Boston Private Wealth LLC now owns 45,060 shares of the investment management company’s stock valued at $225,000 after purchasing an additional 19,857 shares during the period. Beacon Pointe Advisors LLC acquired a new stake in shares of Virtus AllianzGI Convertible & Income Fund II in the 1st quarter valued at approximately $397,000. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Virtus AllianzGI Convertible & Income Fund II by 3.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 90,482 shares of the investment management company’s stock valued at $451,000 after acquiring an additional 3,057 shares during the period.

NYSE NCZ opened at $5.37 on Friday. The business has a 50 day simple moving average of $5.34 and a 200 day simple moving average of $5.20. Virtus AllianzGI Convertible & Income Fund II has a 52-week low of $3.98 and a 52-week high of $5.51.

The firm also recently declared a monthly dividend, which will be paid on Friday, October 1st. Stockholders of record on Monday, September 13th will be paid a dividend of $0.038 per share. This is a boost from Virtus AllianzGI Convertible & Income Fund II’s previous monthly dividend of $0.04. This represents a $0.46 annualized dividend and a dividend yield of 8.49%. The ex-dividend date is Friday, September 10th.

About Virtus AllianzGI Convertible & Income Fund II

Virtus AllianzGI Convertible & Income Fund II operates as a closed-end fund, which seeks to provide total return through a combination of capital appreciation and high current income. It invests in a diversified portfolio of domestic convertible securities and non-convertible high-yield bonds rated below investment grade.

Featured Story: What is a trade deficit?

Want to see what other hedge funds are holding NCZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Virtus AllianzGI Convertible & Income Fund II (NYSE:NCZ).

Institutional Ownership by Quarter for Virtus AllianzGI Convertible & Income Fund II (NYSE:NCZ)

Receive News & Ratings for Virtus AllianzGI Convertible & Income Fund II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtus AllianzGI Convertible & Income Fund II and related companies with MarketBeat.com's FREE daily email newsletter.