Virtus Total Return Fund (NYSE:ZTR) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

Virtus Total Return Fund Inc. (NYSE:ZTR) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $6.75 and traded as high as $6.85. Virtus Total Return Fund shares last traded at $6.8140, with a volume of 53,174 shares changing hands.

Virtus Total Return Fund Stock Performance

The firm has a 50-day simple moving average of $6.76 and a two-hundred day simple moving average of $6.71.

Virtus Total Return Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, August 28th. Investors of record on Thursday, August 13th will be given a dividend of $0.055 per share. This represents a c) annualized dividend and a yield of 9.7%. The ex-dividend date is Thursday, August 13th.

Institutional Investors Weigh In On Virtus Total Return Fund

Hedge funds have recently bought and sold shares of the stock. Invesco Ltd. increased its holdings in shares of Virtus Total Return Fund by 74.9% during the 2nd quarter. Invesco Ltd. now owns 71,282 shares of the investment management company’s stock valued at $444,000 after purchasing an additional 30,517 shares in the last quarter. Walleye Capital LLC increased its holdings in Virtus Total Return Fund by 85.1% in the second quarter. Walleye Capital LLC now owns 73,618 shares of the investment management company’s stock valued at $459,000 after buying an additional 33,844 shares in the last quarter. Bank of America Corp DE raised its position in shares of Virtus Total Return Fund by 33.9% in the second quarter. Bank of America Corp DE now owns 338,441 shares of the investment management company’s stock worth $2,108,000 after acquiring an additional 85,767 shares during the period. Sculptor Capital LP grew its position in shares of Virtus Total Return Fund by 9.8% during the 2nd quarter. Sculptor Capital LP now owns 346,864 shares of the investment management company’s stock valued at $2,161,000 after acquiring an additional 30,833 shares during the period. Finally, Osaic Holdings Inc. increased its stake in shares of Virtus Total Return Fund by 150.8% in the 2nd quarter. Osaic Holdings Inc. now owns 65,798 shares of the investment management company’s stock valued at $410,000 after purchasing an additional 39,567 shares in the last quarter. Hedge funds and other institutional investors own 47.14% of the company’s stock.

Virtus Total Return Fund Company Profile

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).