AllianzGI Convertible & Income Fund II (NYSE:NCZ) Stock Price Passes Above Two Hundred Day Moving Average of $4.30

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AllianzGI Convertible & Income Fund II (NYSE:NCZ)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.30 and traded as high as $5.10. AllianzGI Convertible & Income Fund II shares last traded at $5.09, with a volume of 1,384,808 shares.

The firm has a fifty day simple moving average of $4.81 and a 200-day simple moving average of $4.30.

A number of large investors have recently made changes to their positions in NCZ. Comerica Bank bought a new position in AllianzGI Convertible & Income Fund II in the third quarter worth approximately $103,000. Avantax Advisory Services Inc. bought a new position in shares of AllianzGI Convertible & Income Fund II in the third quarter valued at approximately $112,000. Mercer Global Advisors Inc. ADV bought a new position in shares of AllianzGI Convertible & Income Fund II in the third quarter valued at approximately $239,000. Cerity Partners LLC bought a new position in shares of AllianzGI Convertible & Income Fund II in the second quarter valued at approximately $326,000. Finally, Raymond James & Associates lifted its holdings in shares of AllianzGI Convertible & Income Fund II by 1.4% in the third quarter. Raymond James & Associates now owns 168,524 shares of the investment management company’s stock valued at $693,000 after purchasing an additional 2,402 shares in the last quarter.

About AllianzGI Convertible & Income Fund II (NYSE:NCZ)

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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