William Howard & Co Financial Advisors Inc Invests $98,000 in Virtus Convertible & Income Fund II (NYSE:NCZ)

William Howard & Co Financial Advisors Inc bought a new stake in Virtus Convertible & Income Fund II (NYSE:NCZ) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 31,565 shares of the investment management company’s stock, valued at approximately $98,000.

Several other institutional investors have also made changes to their positions in the stock. Advisors Asset Management Inc. lifted its holdings in shares of Virtus Convertible & Income Fund II by 20.4% during the 1st quarter. Advisors Asset Management Inc. now owns 2,037,395 shares of the investment management company’s stock valued at $6,092,000 after buying an additional 344,715 shares during the last quarter. Congress Park Capital LLC lifted its holdings in Virtus Convertible & Income Fund II by 58.1% in the 3rd 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. Cetera Advisors LLC acquired a new position in Virtus Convertible & Income Fund II during the 1st quarter worth $877,000. Private Advisor Group LLC boosted its stake in Virtus Convertible & Income Fund II by 7.0% during the 1st quarter. Private Advisor Group LLC now owns 125,983 shares of the investment management company’s stock valued at $377,000 after purchasing an additional 8,291 shares during the period. Finally, Integrated Capital Management Inc. grew its holdings in Virtus Convertible & Income Fund II by 6.0% in the 3rd quarter. Integrated Capital Management Inc. now owns 81,897 shares of the investment management company’s stock valued at $255,000 after buying an additional 4,646 shares during the last quarter.

Virtus Convertible & Income Fund II Stock Performance

NYSE NCZ traded up $0.01 during trading on Friday, hitting $3.02. The company’s stock had a trading volume of 87,370 shares, compared to its average volume of 497,562. The firm has a 50 day moving average price of $3.06 and a 200 day moving average price of $2.95. Virtus Convertible & Income Fund II has a 52 week low of $2.62 and a 52 week high of $3.22.

Virtus Convertible & Income Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be issued a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 11.92%. The ex-dividend date is Tuesday, November 12th.

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.