Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO – Get Free Report) announced a monthly dividend on Wednesday, September 23rd. Investors of record on Thursday, November 12th will be paid a dividend of 0.21 per share on Friday, November 27th. This represents a c) dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date is Thursday, November 12th.
Virtus Artificial Intelligence & Technology Opportunities Fund Stock Performance
Virtus Artificial Intelligence & Technology Opportunities Fund stock traded down $0.15 during mid-day trading on Thursday, reaching $24.80. 15,157 shares of the company’s stock were exchanged, compared to its average volume of 87,770. The business’s fifty day simple moving average is $25.71 and its 200 day simple moving average is $25.24. Virtus Artificial Intelligence & Technology Opportunities Fund has a one year low of $20.91 and a one year high of $28.60.
Hedge Funds Weigh In On Virtus Artificial Intelligence & Technology Opportunities Fund
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Continuum Advisory LLC purchased a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the second quarter worth about $28,000. Integrated Wealth Concepts LLC bought a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund during the 2nd quarter valued at approximately $34,000. Fifth Third Bancorp purchased a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund during the 1st quarter worth approximately $85,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 57.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,925 shares of the company’s stock worth $110,000 after purchasing an additional 1,425 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 279.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,190 shares of the company’s stock worth $154,000 after purchasing an additional 5,295 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.
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