Landscape Capital Management L.L.C. Decreases Stock Position in Virtus Convertible & Income Fund II (NYSE:NCZ)

Landscape Capital Management L.L.C. cut its position in Virtus Convertible & Income Fund II (NYSE:NCZ) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 418,138 shares of the investment management company’s stock after selling 9,835 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Virtus Convertible & Income Fund II were worth $1,300,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sykon Capital LLC purchased a new stake in Virtus Convertible & Income Fund II during the second quarter valued at about $29,000. Great Valley Advisor Group Inc. purchased a new stake in shares of Virtus Convertible & Income Fund II during the 2nd quarter valued at approximately $32,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Virtus Convertible & Income Fund II during the 3rd quarter valued at approximately $40,000. Wealth Effects LLC purchased a new position in Virtus Convertible & Income Fund II in the 3rd quarter valued at approximately $44,000. Finally, Sanctuary Advisors LLC bought a new stake in Virtus Convertible & Income Fund II during the 2nd quarter valued at $59,000.

Virtus Convertible & Income Fund II Stock Performance

NYSE:NCZ opened at $3.26 on Friday. Virtus Convertible & Income Fund II has a 1 year low of $2.70 and a 1 year high of $3.27. The stock’s fifty day moving average price is $3.11 and its two-hundred day moving average price is $2.99.

Virtus Convertible & Income Fund II Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, March 28th. Shareholders of record on Thursday, March 13th will be paid a $0.12 dividend. The ex-dividend date is Thursday, March 13th. This represents a $1.44 annualized dividend and a yield of 44.17%. This is an increase from Virtus Convertible & Income Fund II’s previous monthly dividend of $0.03.

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.