Virtus Global Dividend & Income Fund (NYSE:ZTR) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.89 and traded as low as $5.80. Virtus Global Dividend & Income Fund shares last traded at $5.81, with a volume of 185,525 shares traded.

Virtus Global Dividend & Income Fund Trading Down 1.2 %

The stock’s 50-day simple moving average is $5.98 and its two-hundred day simple moving average is $5.89.

Virtus Global Dividend & Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 28th. Investors of record on Thursday, March 13th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.60 annualized dividend and a dividend yield of 10.33%.

Institutional Trading of Virtus Global Dividend & Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Penserra Capital Management LLC acquired a new position in shares of Virtus Global Dividend & Income Fund during the third quarter worth approximately $10,857,000. Stifel Financial Corp increased its position in Virtus Global Dividend & Income Fund by 33.7% during the third quarter. Stifel Financial Corp now owns 871,539 shares of the investment management company’s stock worth $5,404,000 after acquiring an additional 219,609 shares during the period. Landscape Capital Management L.L.C. increased its position in Virtus Global Dividend & Income Fund by 25.7% during the third quarter. Landscape Capital Management L.L.C. now owns 587,035 shares of the investment management company’s stock worth $3,640,000 after acquiring an additional 120,063 shares during the period. Sculptor Capital LP acquired a new position in Virtus Global Dividend & Income Fund during the 2nd quarter valued at $2,482,000. Finally, Capstone Investment Advisors LLC bought a new stake in Virtus Global Dividend & Income Fund in the 3rd quarter valued at $2,774,000. Institutional investors and hedge funds own 47.14% of the company’s stock.

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.