Investors Capital Advisory Services Lowers stake in Allianzgi Convertible & Income Fund II (NCZ)

Allianzgi Convertible & Income Fund II (NCZ) : Investors Capital Advisory Services reduced its stake in Allianzgi Convertible & Income Fund II by 6.54% during the most recent quarter end. The investment management company now holds a total of 581,816 shares of Allianzgi Convertible & Income Fund II which is valued at $2,926,534 after selling 40,732 shares in Allianzgi Convertible & Income Fund II , the firm said in a disclosure report filed with the SEC on May 9, 2016.Allianzgi Convertible & Income Fund II makes up approximately 0.60% of Investors Capital Advisory Services’s portfolio.

Other Hedge Funds, Including , Waldron Lp sold out all of its stake in NCZ during the most recent quarter. The investment firm sold 11,046 shares of NCZ which is valued $55,561.Financial Management Professionals boosted its stake in NCZ in the latest quarter, The investment management firm added 1,500 additional shares and now holds a total of 6,800 shares of Allianzgi Convertible & Income Fund II which is valued at $34,816. Allianzgi Convertible & Income Fund II makes up approx 0.02% of Financial Management Professionals’s portfolio.Cambridge Investment Research Advisors boosted its stake in NCZ in the latest quarter, The investment management firm added 1,172 additional shares and now holds a total of 42,552 shares of Allianzgi Convertible & Income Fund II which is valued at $217,866.Commonwealth Equity Services Inc boosted its stake in NCZ in the latest quarter, The investment management firm added 1,069 additional shares and now holds a total of 26,635 shares of Allianzgi Convertible & Income Fund II which is valued at $137,437.

AllianzGI Convertible & Income Fund II is a closed-end fund. The Fund investment objective is to provide total return through a combination of capital appreciation and high current income. The Funds attempt to achieve this objective by investing in a portfolio of convertible securities and non-convertible income-producing securities. The Fund invests in various sectors such as Technology Financials Consumer Discretionary Healthcare Energy Publishing and Printing and Telecom-Wireline Integrated and Services. Allianz Global Investors Fund Management LLC and Allianz Global Investors U.S. LLC serve as the Funds’ investment manager and sub-adviser respectively and are indirect wholly owned subsidiaries of Allianz Asset Management of America L.P. (AAM).

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