Virtus Global Multi-Sector Income Fund (NYSE:VGI) Stock Price Up 0.5% – What’s Next?

Virtus Global Multi-Sector Income Fund (NYSE:VGI) shot up 0.5% on Friday . The stock traded as high as $8.02 and last traded at $8.02. 30,724 shares traded hands during trading, a decline of 22% from the average session volume of 39,145 shares. The stock had previously closed at $7.98.

Virtus Global Multi-Sector Income Fund Trading Up 0.5 %

The firm’s fifty day moving average price is $8.02 and its two-hundred day moving average price is $7.71.

Virtus Global Multi-Sector Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.96 annualized dividend and a dividend yield of 11.97%.

Hedge Funds Weigh In On Virtus Global Multi-Sector Income Fund

Several institutional investors have recently made changes to their positions in the stock. SeaCrest Wealth Management LLC raised its holdings in shares of Virtus Global Multi-Sector Income Fund by 6.2% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 42,397 shares of the company’s stock worth $343,000 after acquiring an additional 2,488 shares during the last quarter. Wolverine Asset Management LLC raised its holdings in shares of Virtus Global Multi-Sector Income Fund by 7.5% in the 2nd quarter. Wolverine Asset Management LLC now owns 57,914 shares of the company’s stock worth $438,000 after acquiring an additional 4,039 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Virtus Global Multi-Sector Income Fund in the 2nd quarter worth about $47,000. Matisse Capital raised its holdings in shares of Virtus Global Multi-Sector Income Fund by 13.5% in the 2nd quarter. Matisse Capital now owns 77,022 shares of the company’s stock worth $583,000 after acquiring an additional 9,140 shares during the last quarter. Finally, Fiera Capital Corp raised its holdings in shares of Virtus Global Multi-Sector Income Fund by 10.3% in the 3rd quarter. Fiera Capital Corp now owns 99,661 shares of the company’s stock worth $807,000 after acquiring an additional 9,310 shares during the last quarter.

About Virtus Global Multi-Sector Income Fund

Virtus Global Multi-Sector Income Fund is a closed ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is co-managed by Virtus Investment Advisers, Inc and Newfleet Asset Management, LLC. It invests in fixed income markets across the globe. The fund invests in both investment grade and high yield debt instruments issued by the government, corporate, bank loans, mortgage-backed securities, asset-backed securities, taxable municipal bonds, and tax-exempt municipal bonds.