Advisor Group Inc. grew its holdings in Allianzgi Convertible & Income Fund II (NYSE:NCZ) by 8.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 228,785 shares of the investment management company’s stock after buying an additional 18,430 shares during the quarter. Advisor Group Inc.’s holdings in Allianzgi Convertible & Income Fund II were worth $1,309,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of NCZ. Essex Financial Services Inc. bought a new stake in Allianzgi Convertible & Income Fund II during the 4th quarter worth approximately $50,000. Biltmore Capital Advisors LLC bought a new stake in Allianzgi Convertible & Income Fund II during the 1st quarter worth approximately $57,000. Kovack Advisors Inc. bought a new stake in Allianzgi Convertible & Income Fund II during the 4th quarter worth approximately $66,000. Jane Street Group LLC bought a new stake in Allianzgi Convertible & Income Fund II during the 4th quarter worth approximately $96,000. Finally, Two Sigma Securities LLC bought a new stake in Allianzgi Convertible & Income Fund II during the 4th quarter worth approximately $126,000.

Allianzgi Convertible & Income Fund II stock opened at $5.03 on Wednesday. Allianzgi Convertible & Income Fund II has a 1-year low of $4.20 and a 1-year high of $6.29.

The company also recently announced a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Thursday, June 13th will be issued a dividend of $0.045 per share. This represents a $0.54 dividend on an annualized basis and a yield of 10.74%. The ex-dividend date is Wednesday, June 12th.

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About Allianzgi Convertible & Income Fund II

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

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