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Insider Buy New Position June 17, 2025

MCDANIEL CONNIE D purchased ~$5K in Virtus Convertible & Income Fund II stock

Virtus Convertible & Income Fund II (NCZ)  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

+17.0%

vs SPY +10.9%

NCZ price after insider trade by MCDANIEL CONNIE D

Insider

MCDANIEL CONNIE D

Role

Transaction

Open-Market Purchase

Approx. Value

~$5K

Trade Date

Jun 17, 2025

Company

Virtus Convertible & Income Fund II

Ticker

NCZ

Source

SEC EDGAR Form 4

Strong conviction signal

Scored above average across multiple factors. Roughly 15% of insider trades qualify as Strong.

~$5K purchase

A personal investment by a corporate insider. Even smaller trades can be meaningful when combined with other factors like timing and role.

+17.0% in 90 days (S&P 500: +10.9%)

This trade beat the S&P 500 by 6.1 percentage points over 90 days. We track performance on every insider trade so you can see who consistently outperforms.

MC

How good is MCDANIEL CONNIE D at picking stocks?

Full track record: win rate, average return, and performance vs S&P 500

See track record

On June 17, 2025, MCDANIEL CONNIE D — a corporate insider at Virtus Convertible & Income Fund II — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$5K in Virtus Convertible & Income Fund II (NCZ) stock.

Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.

In the 90 days following this trade, NCZ returned +17.0% versus +10.9% for the S&P 500 over the same period.

Full Conviction Analysis

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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.

Signal strength Strong
Trade size ~$5K
Insider role Insider
90-day return +17.0%
vs S&P 500 +6.1%

What is this?

When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.

Why does it matter?

Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.

What makes a trade "strong"?

We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.

Read our full methodology →

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