Virtus Total Return Fund (NYSE:ZTR) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Virtus Total Return Fund Inc. (NYSE:ZTR) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $6.74 and traded as high as $6.85. Virtus Total Return Fund shares last traded at $6.7650, with a volume of 196,946 shares trading hands.

Virtus Total Return Fund Price Performance

The company’s 50 day moving average is $6.74 and its two-hundred day moving average is $6.69.

Virtus Total Return Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Shareholders of record on Thursday, August 13th will be given a $0.055 dividend. The ex-dividend date is Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 9.8%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in Virtus Total Return Fund by 21.9% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 16,578 shares of the investment management company’s stock worth $113,000 after purchasing an additional 2,982 shares during the period. CoreCap Advisors LLC increased its holdings in Virtus Total Return Fund by 11.2% in the 2nd quarter. CoreCap Advisors LLC now owns 26,367 shares of the investment management company’s stock valued at $180,000 after buying an additional 2,648 shares during the period. Ashton Thomas Securities LLC raised its stake in shares of Virtus Total Return Fund by 99.8% in the 1st quarter. Ashton Thomas Securities LLC now owns 226,800 shares of the investment management company’s stock valued at $1,501,000 after buying an additional 113,300 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Virtus Total Return Fund by 7.0% in the 1st quarter. Royal Bank of Canada now owns 59,951 shares of the investment management company’s stock valued at $397,000 after buying an additional 3,920 shares in the last quarter. Finally, Saba Capital Management L.P. bought a new position in shares of Virtus Total Return Fund during the 1st quarter worth about $7,512,000. 47.14% of the stock is currently owned by institutional investors and hedge funds.

About Virtus Total Return Fund

Virtus Total Return Fund, Inc (NYSE: ZTR) is a closed-end management investment company that seeks to provide investors with high total return with moderate income. The fund, which began operations in 2005, trades on the New York Stock Exchange and is sponsored by Virtus Investment Partners. ZTR offers investors access to a diversified mix of fixed-income and equity opportunities within a single vehicle.

To pursue its stated objective, the fund typically allocates across a broad range of asset classes, including corporate debt securities, high-yield bonds, convertible securities, preferred stocks, common stocks and real estate investment trusts (REITs).