Marshall & Sterling Wealth Advisors Inc. Invests $26,000 in Virtus Convertible & Income Fund II (NYSE:NCZ)

Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Virtus Convertible & Income Fund II (NYSE:NCZ) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,250 shares of the investment management company’s stock, valued at approximately $26,000.

Other institutional investors also recently modified their holdings of the company. Mariner LLC lifted its holdings in shares of Virtus Convertible & Income Fund II by 5.9% during the 4th quarter. Mariner LLC now owns 68,380 shares of the investment management company’s stock valued at $214,000 after buying an additional 3,792 shares during the period. Choreo LLC increased its position in Virtus Convertible & Income Fund II by 5.4% during the fourth quarter. Choreo LLC now owns 79,617 shares of the investment management company’s stock valued at $252,000 after acquiring an additional 4,110 shares during the last quarter. Private Advisor Group LLC lifted its holdings in Virtus Convertible & Income Fund II by 4.4% in the fourth quarter. Private Advisor Group LLC now owns 133,853 shares of the investment management company’s stock valued at $419,000 after acquiring an additional 5,636 shares during the period. Virtu Financial LLC boosted its position in Virtus Convertible & Income Fund II by 44.2% in the third quarter. Virtu Financial LLC now owns 20,137 shares of the investment management company’s stock worth $63,000 after purchasing an additional 6,176 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Virtus Convertible & Income Fund II by 2.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 432,650 shares of the investment management company’s stock valued at $1,354,000 after purchasing an additional 10,612 shares during the period.

Virtus Convertible & Income Fund II Trading Up 0.7 %

Shares of NYSE:NCZ opened at $11.64 on Tuesday. The firm’s 50 day moving average price is $11.62 and its 200-day moving average price is $12.38. Virtus Convertible & Income Fund II has a twelve month low of $10.23 and a twelve month high of $13.44.

Virtus Convertible & Income Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, April 11th will be given a $0.12 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.44 annualized dividend and a yield of 12.37%.

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.