Stephens Inc. AR Trims Position in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)

Stephens Inc. AR decreased its holdings in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) by 19.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 134,007 shares of the investment management company’s stock after selling 32,317 shares during the quarter. Stephens Inc. AR’s holdings in Virtus Global Dividend & Income Fund were worth $831,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Karpus Management Inc. boosted its stake in shares of Virtus Global Dividend & Income Fund by 2.1% during the 1st quarter. Karpus Management Inc. now owns 2,404,220 shares of the investment management company’s stock valued at $13,392,000 after purchasing an additional 50,513 shares in the last quarter. Alpine Global Management LLC raised its position in shares of Virtus Global Dividend & Income Fund by 51.8% in the 1st quarter. Alpine Global Management LLC now owns 600,000 shares of the investment management company’s stock worth $3,342,000 after acquiring an additional 204,778 shares in the last quarter. Sculptor Capital LP purchased a new position in Virtus Global Dividend & Income Fund during the second quarter valued at $2,482,000. Private Advisor Group LLC boosted its holdings in shares of Virtus Global Dividend & Income Fund by 18.8% during the 1st quarter. Private Advisor Group LLC now owns 306,593 shares of the investment management company’s stock valued at $1,708,000 after buying an additional 48,613 shares in the last quarter. Finally, Cetera Advisors LLC purchased a new stake in shares of Virtus Global Dividend & Income Fund in the 1st quarter worth about $1,066,000. Institutional investors own 47.14% of the company’s stock.

Virtus Global Dividend & Income Fund Price Performance

Shares of NYSE ZTR opened at $5.92 on Wednesday. Virtus Global Dividend & Income Fund Inc. has a 1 year low of $4.88 and a 1 year high of $6.21. The firm has a 50-day moving average of $6.03 and a 200 day moving average of $5.70.

Virtus Global Dividend & Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.14%.

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.