Virtus Global Dividend & Income Fund (NYSE:ZTR) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.87 and traded as low as $5.85. Virtus Global Dividend & Income Fund shares last traded at $5.86, with a volume of 181,486 shares.

Virtus Global Dividend & Income Fund Stock Performance

The business has a 50 day moving average price of $5.98 and a 200-day moving average price of $5.87.

Virtus Global Dividend & Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, March 28th. Shareholders of record on Thursday, March 13th will be paid a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 10.17%. The ex-dividend date of this dividend is Thursday, March 13th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Penserra Capital Management LLC bought a new position in Virtus Global Dividend & Income Fund during the third quarter worth about $10,857,000. Stifel Financial Corp increased its holdings in shares of Virtus Global Dividend & Income Fund by 33.7% during the 3rd quarter. Stifel Financial Corp now owns 871,539 shares of the investment management company’s stock worth $5,404,000 after acquiring an additional 219,609 shares during the last quarter. Landscape Capital Management L.L.C. boosted its position in Virtus Global Dividend & Income Fund by 25.7% during the third quarter. Landscape Capital Management L.L.C. now owns 587,035 shares of the investment management company’s stock worth $3,640,000 after purchasing an additional 120,063 shares during the period. Sculptor Capital LP bought a new position in shares of Virtus Global Dividend & Income Fund in the second quarter valued at about $2,482,000. Finally, Capstone Investment Advisors LLC bought a new stake in shares of Virtus Global Dividend & Income Fund during the 3rd quarter worth about $2,774,000. 47.14% of the stock is currently owned by institutional investors and hedge funds.

Virtus Global Dividend & Income Fund Company Profile

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.