Virtus Global Dividend & Income Fund (NYSE:ZTR) Shares Cross Below 200 Day Moving Average of $5.30

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTRGet Free Report)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.30 and traded as low as $5.23. Virtus Global Dividend & Income Fund shares last traded at $5.25, with a volume of 203,202 shares changing hands.

Virtus Global Dividend & Income Fund Stock Performance

The business has a fifty day moving average of $5.41 and a 200 day moving average of $5.30.

Virtus Global Dividend & Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Monday, February 12th will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, February 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.44%.

Hedge Funds Weigh In On Virtus Global Dividend & Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Landscape Capital Management L.L.C. raised its holdings in shares of Virtus Global Dividend & Income Fund by 286.5% during the third quarter. Landscape Capital Management L.L.C. now owns 299,379 shares of the investment management company’s stock valued at $1,437,000 after acquiring an additional 221,928 shares in the last quarter. Doliver Advisors LP raised its holdings in Virtus Global Dividend & Income Fund by 75.9% in the third quarter. Doliver Advisors LP now owns 21,557 shares of the investment management company’s stock worth $103,000 after purchasing an additional 9,300 shares in the last quarter. Park Avenue Securities LLC bought a new position in Virtus Global Dividend & Income Fund in the third quarter worth $1,035,000. Sigma Planning Corp raised its holdings in Virtus Global Dividend & Income Fund by 13.1% in the third quarter. Sigma Planning Corp now owns 103,309 shares of the investment management company’s stock worth $496,000 after purchasing an additional 12,006 shares in the last quarter. Finally, Stratos Wealth Advisors LLC bought a new position in Virtus Global Dividend & Income Fund in the third quarter worth $188,000. Institutional investors own 40.16% of the company’s stock.

About Virtus Global Dividend & Income Fund

(Get Free Report)

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.

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