Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) Holdings Lowered by Sigma Planning Corp

Sigma Planning Corp reduced its stake in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) by 6.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,650 shares of the investment management company’s stock after selling 4,858 shares during the period. Sigma Planning Corp’s holdings in Virtus Global Dividend & Income Fund were worth $426,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Karpus Management Inc. lifted its position in Virtus Global Dividend & Income Fund by 2.1% in the first quarter. Karpus Management Inc. now owns 2,404,220 shares of the investment management company’s stock worth $13,392,000 after purchasing an additional 50,513 shares during the period. Alpine Global Management LLC raised its stake 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 buying an additional 204,778 shares in the last quarter. Sculptor Capital LP acquired a new stake in shares of Virtus Global Dividend & Income Fund in the second quarter valued at $2,482,000. Cetera Advisors LLC bought a new position in Virtus Global Dividend & Income Fund during the first quarter valued at about $1,066,000. Finally, Shaker Financial Services LLC grew its holdings in Virtus Global Dividend & Income Fund by 55.5% during the third quarter. Shaker Financial Services LLC now owns 181,877 shares of the investment management company’s stock worth $1,128,000 after acquiring an additional 64,894 shares during the period. 47.14% of the stock is currently owned by institutional investors.

Virtus Global Dividend & Income Fund Price Performance

Shares of NYSE ZTR opened at $5.89 on Friday. The firm has a 50-day moving average of $6.03 and a two-hundred day moving average of $5.73. Virtus Global Dividend & Income Fund Inc. has a twelve month low of $5.10 and a twelve month high of $6.21.

Virtus Global Dividend & Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th will be issued a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a yield of 10.19%. The ex-dividend date of this dividend is Tuesday, November 12th.

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.