118,500 Shares in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) Bought by Quarry LP

Quarry LP purchased a new position in shares of Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 118,500 shares of the investment management company’s stock, valued at approximately $767,000. Quarry LP owned 0.25% of Virtus Global Dividend & Income Fund at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Clough Capital Partners L P raised its position in Virtus Global Dividend & Income Fund by 31.5% in the first quarter. Clough Capital Partners L P now owns 1,205,117 shares of the investment management company’s stock worth $7,803,000 after acquiring an additional 288,880 shares in the last quarter. Private Advisor Group LLC purchased a new position in Virtus Global Dividend & Income Fund in the first quarter worth $732,000. Calton & Associates Inc. purchased a new position in Virtus Global Dividend & Income Fund in the first quarter worth $121,000. Kovack Advisors Inc. purchased a new position in Virtus Global Dividend & Income Fund in the first quarter worth $99,000. Finally, Karpus Management Inc. purchased a new position in Virtus Global Dividend & Income Fund in the first quarter worth $65,000. Hedge funds and other institutional investors own 40.16% of the company’s stock.

Virtus Global Dividend & Income Fund Trading Up 0.4 %

NYSE:ZTR traded up $0.02 during trading hours on Monday, hitting $5.19. The company’s stock had a trading volume of 90,628 shares, compared to its average volume of 249,115. Virtus Global Dividend & Income Fund Inc. has a 52-week low of $5.12 and a 52-week high of $7.70. The business’s 50-day moving average is $5.89 and its two-hundred day moving average is $6.13.

Virtus Global Dividend & Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 24th. Stockholders of record on Monday, November 13th will be given a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.56%. The ex-dividend date is Friday, November 10th.

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.