Wealth Enhancement Advisory Services LLC lessened its stake in shares of Virtus Convertible & Income Fund II (NYSE:NCZ – Free Report) by 18.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 327,079 shares of the investment management company’s stock after selling 73,454 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Virtus Convertible & Income Fund II were worth $1,017,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NCZ. Sykon Capital LLC acquired a new position in Virtus Convertible & Income Fund II during the second quarter valued at approximately $29,000. Great Valley Advisor Group Inc. acquired a new position in Virtus Convertible & Income Fund II during the second quarter valued at approximately $32,000. Sequoia Financial Advisors LLC acquired a new position in Virtus Convertible & Income Fund II during the third quarter valued at approximately $40,000. Wealth Effects LLC acquired a new stake in shares of Virtus Convertible & Income Fund II in the third quarter worth $44,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Virtus Convertible & Income Fund II in the second quarter worth $59,000.
Virtus Convertible & Income Fund II Stock Performance
Shares of Virtus Convertible & Income Fund II stock opened at $3.13 on Wednesday. The company’s fifty day simple moving average is $3.07 and its 200-day simple moving average is $2.96. Virtus Convertible & Income Fund II has a 1 year low of $2.62 and a 1 year high of $3.22.
Virtus Convertible & Income Fund II Announces Dividend
About Virtus Convertible & Income Fund II
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.
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