Virtus Global Dividend & Income Fund (NYSE:ZTR) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.89 and traded as low as $5.80. Virtus Global Dividend & Income Fund shares last traded at $5.81, with a volume of 185,525 shares traded.

Virtus Global Dividend & Income Fund Stock Down 1.2 %

The firm has a fifty day moving average price of $5.98 and a two-hundred day moving average price of $5.90.

Virtus Global Dividend & Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.33%. The ex-dividend date is Thursday, March 13th.

Hedge Funds Weigh In On Virtus Global Dividend & Income Fund

A number of institutional investors have recently added to or reduced their stakes in ZTR. Walleye Capital LLC acquired a new stake in shares of Virtus Global Dividend & Income Fund during the 3rd quarter worth about $137,000. Wolverine Asset Management LLC acquired a new position in shares of Virtus Global Dividend & Income Fund during the 3rd quarter worth $170,000. B. Riley Wealth Advisors Inc. boosted its holdings in Virtus Global Dividend & Income Fund by 9.7% during the second quarter. B. Riley Wealth Advisors Inc. now owns 34,388 shares of the investment management company’s stock worth $188,000 after buying an additional 3,028 shares in the last quarter. Integrated Capital Management Inc. increased its holdings in Virtus Global Dividend & Income Fund by 4.8% in the third quarter. Integrated Capital Management Inc. now owns 42,523 shares of the investment management company’s stock valued at $264,000 after buying an additional 1,933 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of Virtus Global Dividend & Income Fund by 8.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 52,288 shares of the investment management company’s stock worth $285,000 after buying an additional 4,024 shares during the last quarter. Hedge funds and other institutional investors own 47.14% of the company’s stock.

Virtus Global Dividend & Income Fund Company Profile

Virtus Global Dividend & Income Fund Inc is a closed-ended balanced mutual fund launched by Virtus Investment Partners, Inc The fund is co-managed by Virtus Investment Advisers, Inc, Kayne Anderson Rudnick Investment Management LLC and Newfleet Asset Management, LLC. It invests in the public equity and fixed income markets of the United States.