Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Plans Monthly Dividend of $0.18

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) announced a monthly dividend on Wednesday, September 2nd. Investors of record on Monday, September 14th will be given a dividend of 0.18 per share on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend is Monday, September 14th.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Performance

Shares of NYSE:AIO opened at $25.79 on Thursday. Virtus Artificial Intelligence & Technology Opportunities Fund has a 1-year low of $20.91 and a 1-year high of $28.60. The company has a 50 day moving average price of $26.27 and a 200 day moving average price of $25.00.

Institutional Investors Weigh In On Virtus Artificial Intelligence & Technology Opportunities Fund

A number of institutional investors and hedge funds have recently modified their holdings of AIO. Saba Capital Management L.P. acquired a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the 1st quarter valued at $5,220,000. Landscape Capital Management L.L.C. acquired a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the 4th quarter worth about $3,351,000. Readystate Asset Management LP lifted its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 773.8% during the fourth quarter. Readystate Asset Management LP now owns 139,148 shares of the company’s stock valued at $3,026,000 after buying an additional 123,224 shares in the last quarter. Royal Bank of Canada lifted its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 25.9% during the fourth quarter. Royal Bank of Canada now owns 427,602 shares of the company’s stock valued at $9,300,000 after buying an additional 88,080 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 11.1% in the third quarter. Bank of America Corp DE now owns 839,642 shares of the company’s stock worth $20,177,000 after buying an additional 84,015 shares during the period.

Virtus Artificial Intelligence & Technology Opportunities Fund Company Profile

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.