Sheaff Brock Investment Advisors LLC Has $162,000 Holdings in Allianzgi Convertible & Income Fund II (NCZ)

Sheaff Brock Investment Advisors LLC lowered its stake in Allianzgi Convertible & Income Fund II (NYSE:NCZ) by 31.8% in the first quarter, Holdings Channel reports. The institutional investor owned 27,223 shares of the investment management company’s stock after selling 12,665 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Allianzgi Convertible & Income Fund II were worth $162,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Creative Planning lifted its position in shares of Allianzgi Convertible & Income Fund II by 30.6% during the 4th quarter. Creative Planning now owns 35,772 shares of the investment management company’s stock worth $222,000 after purchasing an additional 8,377 shares during the last quarter. Raymond James & Associates lifted its position in shares of Allianzgi Convertible & Income Fund II by 8.2% during the 4th quarter. Raymond James & Associates now owns 180,777 shares of the investment management company’s stock worth $1,123,000 after purchasing an additional 13,773 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Allianzgi Convertible & Income Fund II by 4.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 479,106 shares of the investment management company’s stock worth $2,976,000 after purchasing an additional 20,506 shares during the last quarter. Advisor Group Inc. lifted its position in shares of Allianzgi Convertible & Income Fund II by 25.8% during the 4th quarter. Advisor Group Inc. now owns 132,557 shares of the investment management company’s stock worth $822,000 after purchasing an additional 27,194 shares during the last quarter. Finally, LPL Financial LLC lifted its position in shares of Allianzgi Convertible & Income Fund II by 302.5% during the 4th quarter. LPL Financial LLC now owns 54,538 shares of the investment management company’s stock worth $339,000 after purchasing an additional 40,988 shares during the last quarter.

NYSE NCZ opened at $5.99 on Monday. Allianzgi Convertible & Income Fund II has a twelve month low of $5.70 and a twelve month high of $6.49.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, May 11th will be given a dividend of $0.0575 per share. The ex-dividend date is Thursday, May 10th. This represents a $0.69 annualized dividend and a dividend yield of 11.52%.

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.

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

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