Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) to Issue Monthly Dividend of $0.15 on January 29th

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) declared a monthly dividend on Wednesday, November 19th. Investors of record on Monday, January 12th will be given a dividend of 0.15 per share on Thursday, January 29th. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Monday, January 12th.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Performance

Shares of AIO stock opened at $23.33 on Friday. The business has a 50-day moving average of $22.95 and a 200 day moving average of $23.83. Virtus Artificial Intelligence & Technology Opportunities Fund has a 1-year low of $16.18 and a 1-year high of $25.69.

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

Institutional investors have recently modified their holdings of the business. Kingstone Capital Partners Texas LLC acquired a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the 2nd quarter valued at approximately $766,392,000. Bank of America Corp DE lifted its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 11.1% during the third quarter. Bank of America Corp DE now owns 839,642 shares of the company’s stock valued at $20,177,000 after purchasing an additional 84,015 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 4.8% during the second quarter. Advisors Asset Management Inc. now owns 514,514 shares of the company’s stock worth $12,770,000 after purchasing an additional 23,695 shares during the period. UBS Group AG lifted its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 6.6% in the 3rd quarter. UBS Group AG now owns 477,626 shares of the company’s stock valued at $11,477,000 after purchasing an additional 29,408 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 27.3% during the third quarter. Ameriprise Financial Inc. now owns 369,920 shares of the company’s stock valued at $8,890,000 after acquiring an additional 79,378 shares during the period.

About Virtus Artificial Intelligence & Technology Opportunities Fund

The Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) is a non-diversified, closed-end management investment company designed to provide shareholders with exposure to companies that derive a significant portion of their revenues from the development or use of artificial intelligence and related technologies. The Fund seeks to achieve long-term capital appreciation by identifying businesses that are positioned to benefit from ongoing advancements in AI, machine learning, robotics, data analytics, cloud computing, and semiconductor manufacturing.

Investment selections are made through a fundamental research process that emphasizes both thematic expertise and company-specific analysis.