Cambridge Investment Research Advisors Inc. Takes Position in Allianzgi Convertible & Income Fund II (NCZ)

Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Allianzgi Convertible & Income Fund II (NYSE:NCZ) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 54,297 shares of the investment management company’s stock, valued at approximately $338,000. Cambridge Investment Research Advisors Inc. owned approximately 0.07% of Allianzgi Convertible & Income Fund II as of its most recent SEC filing.

Separately, Wedbush Securities Inc. grew its stake in shares of Allianzgi Convertible & Income Fund II by 11.0% during the second quarter. Wedbush Securities Inc. now owns 18,293 shares of the investment management company’s stock valued at $114,000 after buying an additional 1,809 shares during the last quarter.

Allianzgi Convertible & Income Fund II (NYSE:NCZ) opened at 6.19 on Friday. Allianzgi Convertible & Income Fund II has a 52 week low of $5.12 and a 52 week high of $6.49. The stock’s 50 day moving average price is $6.24 and its 200-day moving average price is $6.16.

The business also recently disclosed a monthly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 11th will be issued a dividend of $0.0575 per share. This represents a $0.69 annualized dividend and a dividend yield of 11.15%. The ex-dividend date is Friday, September 8th.

COPYRIGHT VIOLATION WARNING: “Cambridge Investment Research Advisors Inc. Takes Position in Allianzgi Convertible & Income Fund II (NCZ)” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be read at https://ledgergazette.com/2017/09/17/cambridge-investment-research-advisors-inc-takes-position-in-allianzgi-convertible-income-fund-ii-ncz.html.

Allianzgi Convertible & Income Fund II Profile

AllianzGI Convertible & Income Fund II (the Fund), formerly AGIC Convertible & Income Fund II, is a diversified, closed-end management investment company. The Fund’s investment objective is to provide total return through a combination of capital appreciation and high current income. The Fund focuses on investing approximately 50% of its portfolio in convertibles, but determines its allocation based on changes in equity prices, changes in interest rates and other economic and market factors.

Want to see what other hedge funds are holding NCZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allianzgi Convertible & Income Fund II (NYSE:NCZ).

Institutional Ownership by Quarter for Allianzgi Convertible & Income Fund II (NYSE:NCZ)

Receive News & Ratings for Allianzgi Convertible & Income Fund II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allianzgi Convertible & Income Fund II and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply