Virtus Global Multi-Sector Income Fund (NYSE:VGI) Stock Price Down 0.1%

Virtus Global Multi-Sector Income Fund (NYSE:VGI)’s share price traded down 0.1% on Tuesday . The stock traded as low as $7.83 and last traded at $7.85. 34,041 shares traded hands during trading, a decline of 7% from the average session volume of 36,630 shares. The stock had previously closed at $7.86.

Virtus Global Multi-Sector Income Fund Stock Up 1.1 %

The stock’s 50 day moving average is $7.68 and its two-hundred day moving average is $7.56.

Virtus Global Multi-Sector Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 29th. Investors of record on Monday, August 12th will be paid a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.05%. The ex-dividend date is Monday, August 12th.

Institutional Investors Weigh In On Virtus Global Multi-Sector Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in Virtus Global Multi-Sector Income Fund by 859.6% in the fourth quarter. International Assets Investment Management LLC now owns 46,619 shares of the company’s stock worth $365,000 after acquiring an additional 41,761 shares in the last quarter. 1607 Capital Partners LLC boosted its stake in Virtus Global Multi-Sector Income Fund by 15.4% in the 4th quarter. 1607 Capital Partners LLC now owns 586,724 shares of the company’s stock worth $4,594,000 after purchasing an additional 78,100 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in Virtus Global Multi-Sector Income Fund by 5.4% during the 1st quarter. SeaCrest Wealth Management LLC now owns 39,626 shares of the company’s stock worth $304,000 after purchasing an additional 2,019 shares during the last quarter. Raymond James & Associates increased its stake in Virtus Global Multi-Sector Income Fund by 9.4% during the 2nd quarter. Raymond James & Associates now owns 180,120 shares of the company’s stock valued at $1,364,000 after purchasing an additional 15,463 shares in the last quarter. Finally, Matisse Capital raised its holdings in shares of Virtus Global Multi-Sector Income Fund by 13.5% in the second quarter. Matisse Capital now owns 77,022 shares of the company’s stock worth $583,000 after buying an additional 9,140 shares during the last quarter.

About Virtus Global Multi-Sector Income Fund

Virtus Global Multi-Sector Income Fund is a closed ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is co-managed by Virtus Investment Advisers, Inc and Newfleet Asset Management, LLC. It invests in fixed income markets across the globe. The fund invests in both investment grade and high yield debt instruments issued by the government, corporate, bank loans, mortgage-backed securities, asset-backed securities, taxable municipal bonds, and tax-exempt municipal bonds.