Twelve Points Wealth Management LLC Sells 16,280 Shares of Virtus Convertible & Income Fund II (NYSE:NCZ)

Twelve Points Wealth Management LLC decreased its holdings in Virtus Convertible & Income Fund II (NYSE:NCZ) by 7.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 197,476 shares of the investment management company’s stock after selling 16,280 shares during the period. Twelve Points Wealth Management LLC’s holdings in Virtus Convertible & Income Fund II were worth $618,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NCZ. Congress Park Capital LLC grew its stake in shares of Virtus Convertible & Income Fund II by 58.1% in the third quarter. Congress Park Capital LLC now owns 1,373,401 shares of the investment management company’s stock worth $4,271,000 after purchasing an additional 504,854 shares during the last quarter. Pathstone Holdings LLC lifted its holdings in Virtus Convertible & Income Fund II by 27.2% in the third quarter. Pathstone Holdings LLC now owns 1,408,269 shares of the investment management company’s stock valued at $4,381,000 after buying an additional 300,758 shares during the period. Advisors Asset Management Inc. lifted its holdings in Virtus Convertible & Income Fund II by 8.1% in the third quarter. Advisors Asset Management Inc. now owns 2,931,534 shares of the investment management company’s stock valued at $9,117,000 after buying an additional 219,726 shares during the period. Oppenheimer & Co. Inc. acquired a new position in Virtus Convertible & Income Fund II in the third quarter valued at $598,000. Finally, Shaker Financial Services LLC lifted its holdings in Virtus Convertible & Income Fund II by 50.1% in the third quarter. Shaker Financial Services LLC now owns 190,638 shares of the investment management company’s stock valued at $593,000 after buying an additional 63,656 shares during the period.

Virtus Convertible & Income Fund II Stock Performance

NCZ stock opened at $3.26 on Wednesday. Virtus Convertible & Income Fund II has a 12-month low of $2.70 and a 12-month high of $3.36. The company’s fifty day simple moving average is $3.22 and its 200 day simple moving average is $3.10.

Virtus Convertible & Income Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, March 28th. Investors of record on Thursday, March 13th will be issued a $0.12 dividend. The ex-dividend date is Thursday, March 13th. This represents a $1.44 annualized dividend and a yield of 44.24%.

Virtus Convertible & Income Fund II 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.