Virtus Global Dividend & Income Fund (NYSE:ZTR) Shares Pass Below 200-Day Moving Average – Here’s Why

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.87 and traded as low as $5.85. Virtus Global Dividend & Income Fund shares last traded at $5.86, with a volume of 181,486 shares traded.

Virtus Global Dividend & Income Fund Stock Up 0.2 %

The firm’s 50 day moving average is $5.99 and its two-hundred day moving average is $5.87.

Virtus Global Dividend & Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, March 13th will be given a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.24%. The ex-dividend date of this dividend is Thursday, March 13th.

Institutional Trading of Virtus Global Dividend & Income Fund

Hedge funds have recently bought and sold shares of the company. Walleye Capital LLC purchased a new stake in Virtus Global Dividend & Income Fund in the 3rd quarter worth approximately $137,000. Blue Bell Private Wealth Management LLC boosted its holdings in shares of Virtus Global Dividend & Income Fund by 81.6% during the second quarter. Blue Bell Private Wealth Management LLC now owns 29,167 shares of the investment management company’s stock worth $159,000 after purchasing an additional 13,104 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Virtus Global Dividend & Income Fund in the third quarter valued at $170,000. B. Riley Wealth Advisors Inc. increased its stake in Virtus Global Dividend & Income Fund by 9.7% in the second quarter. B. Riley Wealth Advisors Inc. now owns 34,388 shares of the investment management company’s stock valued at $188,000 after purchasing an additional 3,028 shares during the last quarter. Finally, Integrated Capital Management Inc. lifted its position in Virtus Global Dividend & Income Fund by 4.8% during the third quarter. Integrated Capital Management Inc. now owns 42,523 shares of the investment management company’s stock worth $264,000 after buying an additional 1,933 shares during the period. Institutional investors and hedge funds own 47.14% of the company’s stock.

About Virtus Global Dividend & Income Fund

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.