Virtus Global Dividend & Income Fund (NYSE:ZTR) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.85 and traded as low as $5.81. Virtus Global Dividend & Income Fund shares last traded at $5.86, with a volume of 199,479 shares.

Virtus Global Dividend & Income Fund Trading Up 0.5 %

The business’s fifty day moving average price is $6.01 and its two-hundred day moving average price is $5.85.

Virtus Global Dividend & Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, March 28th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a yield of 10.19%. The ex-dividend date is Thursday, March 13th.

Institutional Investors Weigh In On Virtus Global Dividend & Income Fund

Several hedge funds have recently added to or reduced their stakes in the business. Integrated Capital Management Inc. grew its stake in shares of Virtus Global Dividend & Income Fund by 4.8% during the 3rd quarter. Integrated Capital Management Inc. now owns 42,523 shares of the investment management company’s stock worth $264,000 after purchasing an additional 1,933 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in Virtus Global Dividend & Income Fund by 9.7% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 34,388 shares of the investment management company’s stock worth $188,000 after purchasing an additional 3,028 shares during the period. Commonwealth Equity Services LLC boosted its position in Virtus Global Dividend & Income Fund by 8.3% during the second quarter. Commonwealth Equity Services LLC now owns 52,288 shares of the investment management company’s stock worth $285,000 after purchasing an additional 4,024 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its position in Virtus Global Dividend & Income Fund by 81.6% during the second quarter. Blue Bell Private Wealth Management LLC now owns 29,167 shares of the investment management company’s stock worth $159,000 after purchasing an additional 13,104 shares in the last quarter. Finally, Walleye Capital LLC acquired a new stake in Virtus Global Dividend & Income Fund in the third quarter valued at approximately $137,000. 47.14% of the stock is owned by hedge funds and other institutional investors.

About Virtus Global Dividend & Income Fund

Virtus Global Dividend & Income Fund Inc is a closed-ended balanced mutual fund launched by Virtus Investment Partners, Inc The fund is co-managed by Virtus Investment Advisers, Inc, Kayne Anderson Rudnick Investment Management LLC and Newfleet Asset Management, LLC. It invests in the public equity and fixed income markets of the United States.