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

Sigma Planning Corp cut its holdings in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) by 63.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,805 shares of the investment management company’s stock after selling 65,504 shares during the quarter. Sigma Planning Corp owned 0.08% of Virtus Global Dividend & Income Fund worth $208,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ZTR. Integrated Capital Management Inc. increased its stake in shares of Virtus Global Dividend & Income Fund by 6.3% during the fourth quarter. Integrated Capital Management Inc. now owns 36,605 shares of the investment management company’s stock worth $202,000 after purchasing an additional 2,154 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its stake in Virtus Global Dividend & Income Fund by 40.3% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 11,180 shares of the investment management company’s stock valued at $62,000 after purchasing an additional 3,213 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in Virtus Global Dividend & Income Fund by 22.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 31,360 shares of the investment management company’s stock valued at $151,000 after purchasing an additional 5,688 shares in the last quarter. Eudaimonia Partners LLC grew its holdings in shares of Virtus Global Dividend & Income Fund by 52.2% during the third quarter. Eudaimonia Partners LLC now owns 35,000 shares of the investment management company’s stock worth $168,000 after buying an additional 12,000 shares in the last quarter. Finally, Saba Capital Management L.P. acquired a new stake in shares of Virtus Global Dividend & Income Fund in the third quarter valued at about $64,000. Hedge funds and other institutional investors own 47.14% of the company’s stock.

Virtus Global Dividend & Income Fund Price Performance

Shares of NYSE ZTR opened at $5.39 on Tuesday. The company has a 50-day moving average of $5.39 and a 200 day moving average of $5.29. Virtus Global Dividend & Income Fund Inc. has a 12-month low of $4.50 and a 12-month high of $6.54.

Virtus Global Dividend & Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.60 dividend on an annualized basis and a yield of 11.14%.

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.