Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Trading 2.2% Higher – Should You Buy?

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO)’s share price was up 2.2% on Tuesday . The company traded as high as $22.60 and last traded at $22.54. Approximately 56,377 shares traded hands during trading, a decline of 48% from the average daily volume of 108,781 shares. The stock had previously closed at $22.06.

Virtus Artificial Intelligence & Technology Opportunities Fund Trading Up 1.4 %

The firm has a 50-day simple moving average of $21.85 and a 200-day simple moving average of $21.04.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th will be given a dividend of $0.15 per share. This represents a $1.80 dividend on an annualized basis and a yield of 7.78%. The ex-dividend date of this dividend is Tuesday, November 12th.

Hedge Funds Weigh In On Virtus Artificial Intelligence & Technology Opportunities Fund

Large investors have recently added to or reduced their stakes in the company. Chapin Davis Inc. lifted its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 6.2% during the 2nd quarter. Chapin Davis Inc. now owns 17,900 shares of the company’s stock valued at $389,000 after purchasing an additional 1,050 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 10.2% in the second quarter. B. Riley Wealth Advisors Inc. now owns 14,345 shares of the company’s stock valued at $311,000 after buying an additional 1,323 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 8.8% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 18,290 shares of the company’s stock worth $402,000 after acquiring an additional 1,473 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 7.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 48,370 shares of the company’s stock worth $1,063,000 after acquiring an additional 3,171 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 11.6% during the third quarter. Oppenheimer & Co. Inc. now owns 33,429 shares of the company’s stock valued at $734,000 after acquiring an additional 3,487 shares in the last quarter.

Virtus Artificial Intelligence & Technology Opportunities Fund Company Profile

The Fund seeks to generate a stable income stream and growth of capital by focusing on one of the most significant long-term secular growth opportunities in markets today. A multi-asset approach based on fundamental research is employed, dynamically allocating to attractive segments of a company’s debt and equity in order to offer an attractive risk/reward profile.