Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) Shares Purchased by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. boosted its position in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) by 70.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,414 shares of the investment management company’s stock after purchasing an additional 24,898 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Virtus Global Dividend & Income Fund were worth $330,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ZTR. Gridiron Partners LLC acquired a new position in Virtus Global Dividend & Income Fund in the 4th quarter valued at $156,000. Blue Bell Private Wealth Management LLC raised its stake in Virtus Global Dividend & Income Fund by 81.6% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 29,167 shares of the investment management company’s stock valued at $159,000 after purchasing an additional 13,104 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in Virtus Global Dividend & Income Fund by 9.6% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 34,371 shares of the investment management company’s stock valued at $189,000 after purchasing an additional 3,011 shares during the last quarter. Integrated Capital Management Inc. raised its stake in Virtus Global Dividend & Income Fund by 5.7% in the 1st quarter. Integrated Capital Management Inc. now owns 38,679 shares of the investment management company’s stock valued at $215,000 after purchasing an additional 2,074 shares during the last quarter. Finally, Eudaimonia Partners LLC raised its stake in Virtus Global Dividend & Income Fund by 20.0% in the 1st quarter. Eudaimonia Partners LLC now owns 42,000 shares of the investment management company’s stock valued at $234,000 after purchasing an additional 7,000 shares during the last quarter. 47.14% of the stock is owned by institutional investors and hedge funds.

Virtus Global Dividend & Income Fund Stock Up 0.5 %

Shares of ZTR opened at $6.15 on Thursday. Virtus Global Dividend & Income Fund Inc. has a 52-week low of $4.50 and a 52-week high of $6.17. The stock has a fifty day simple moving average of $5.80 and a two-hundred day simple moving average of $5.55.

Virtus Global Dividend & Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be paid a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.76%. The ex-dividend date is Tuesday, November 12th.

Virtus Global Dividend & Income Fund 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.