Wealth Enhancement Advisory Services LLC Sells 73,454 Shares of Virtus Convertible & Income Fund II (NYSE:NCZ)

Wealth Enhancement Advisory Services LLC reduced its position in Virtus Convertible & Income Fund II (NYSE:NCZ) by 18.3% in the 3rd quarter, Holdings Channel reports. The firm owned 327,079 shares of the investment management company’s stock after selling 73,454 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Virtus Convertible & Income Fund II were worth $1,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Private Advisor Group LLC lifted its holdings in shares of Virtus Convertible & Income Fund II by 7.0% during the first quarter. Private Advisor Group LLC now owns 125,983 shares of the investment management company’s stock valued at $377,000 after acquiring an additional 8,291 shares during the period. Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of Virtus Convertible & Income Fund II by 16.6% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 24,450 shares of the investment management company’s stock valued at $73,000 after acquiring an additional 3,476 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Virtus Convertible & Income Fund II by 20.4% during the first quarter. Advisors Asset Management Inc. now owns 2,037,395 shares of the investment management company’s stock valued at $6,092,000 after acquiring an additional 344,715 shares during the period. SVB Wealth LLC acquired a new stake in shares of Virtus Convertible & Income Fund II in the first quarter valued at $75,000. Finally, Cetera Advisors LLC acquired a new stake in shares of Virtus Convertible & Income Fund II in the first quarter valued at $877,000.

Virtus Convertible & Income Fund II Stock Performance

Shares of NYSE:NCZ opened at $3.13 on Wednesday. Virtus Convertible & Income Fund II has a twelve month low of $2.62 and a twelve month high of $3.22. The business has a fifty day moving average of $3.07 and a 200-day moving average of $2.96.

Virtus Convertible & Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th will be paid a $0.03 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 11.50%.

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.