Absolute Investment Advisers LLC Takes $9.36 Million Position in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)

Absolute Investment Advisers LLC acquired a new stake in shares of Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 1,596,374 shares of the investment management company’s stock, valued at approximately $9,355,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Integrated Capital Management Inc. lifted its stake in shares of Virtus Global Dividend & Income Fund by 4.8% in 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. increased its holdings in Virtus Global Dividend & Income Fund by 9.7% during the second quarter. B. Riley Wealth Advisors Inc. now owns 34,388 shares of the investment management company’s stock valued at $188,000 after buying an additional 3,028 shares during the last quarter. Park Avenue Securities LLC raised its position in Virtus Global Dividend & Income Fund by 2.0% in the fourth quarter. Park Avenue Securities LLC now owns 234,351 shares of the investment management company’s stock worth $1,373,000 after acquiring an additional 4,602 shares during the period. Walleye Capital LLC purchased a new position in shares of Virtus Global Dividend & Income Fund during the 3rd quarter worth $137,000. Finally, Wolverine Asset Management LLC bought a new stake in shares of Virtus Global Dividend & Income Fund during the 3rd quarter valued at $170,000. Institutional investors own 47.14% of the company’s stock.

Virtus Global Dividend & Income Fund Stock Performance

NYSE:ZTR opened at $5.99 on Monday. The business has a fifty day moving average price of $5.98 and a 200-day moving average price of $5.94. Virtus Global Dividend & Income Fund Inc. has a one year low of $5.14 and a one year high of $6.26.

Virtus Global Dividend & Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, March 13th will be paid a $0.05 dividend. This represents a $0.60 annualized dividend and a dividend yield of 10.01%. The ex-dividend date is Thursday, March 13th.

Virtus Global Dividend & Income Fund 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.