Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) to Issue $0.15 Monthly Dividend

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) announced a monthly dividend on Monday, November 20th, Wall Street Journal reports. Stockholders of record on Friday, January 12th will be paid a dividend of 0.15 per share on Tuesday, January 30th. This represents a $1.80 annualized dividend and a dividend yield of 10.66%. The ex-dividend date is Thursday, January 11th.

Virtus Artificial Intelligence & Technology Opportunities Fund has increased its dividend payment by an average of 174.9% per year over the last three years.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Performance

NYSE AIO traded up $0.11 during mid-day trading on Monday, hitting $16.88. The stock had a trading volume of 140,305 shares, compared to its average volume of 103,857. The company has a 50 day simple moving average of $16.53 and a 200 day simple moving average of $17.36. Virtus Artificial Intelligence & Technology Opportunities Fund has a 52-week low of $15.09 and a 52-week high of $19.08.

Hedge Funds Weigh In On Virtus Artificial Intelligence & Technology Opportunities Fund

Several hedge funds have recently added to or reduced their stakes in AIO. Rockefeller Capital Management L.P. acquired a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund during the second quarter valued at $107,000. Jane Street Group LLC acquired a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the third quarter worth approximately $180,000. Prevail Innovative Wealth Advisors LLC purchased a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund in the 2nd quarter worth approximately $232,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Virtus Artificial Intelligence & Technology Opportunities Fund in the 2nd quarter valued at $234,000. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 8.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 19,240 shares of the company’s stock worth $335,000 after purchasing an additional 1,500 shares during the period.

Virtus Artificial Intelligence & Technology Opportunities Fund Company Profile

The Fund seeks to generate a stable income stream and growth of capital by focusing on one of the most significant long-term secular growth opportunities in markets today. A multi-asset approach based on fundamental research is employed, dynamically allocating to attractive segments of a company’s debt and equity in order to offer an attractive risk/reward profile.