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

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.85 and traded as low as $5.81. Virtus Global Dividend & Income Fund shares last traded at $5.86, with a volume of 199,479 shares.

Virtus Global Dividend & Income Fund Trading Up 0.5 %

The business has a fifty day simple moving average of $6.01 and a 200 day simple moving average of $5.85.

Virtus Global Dividend & Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, March 28th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.60 annualized dividend and a yield of 10.19%.

Institutional Trading of Virtus Global Dividend & Income Fund

Large investors have recently bought and sold shares of the business. Penserra Capital Management LLC purchased a new stake in Virtus Global Dividend & Income Fund in the 3rd quarter valued at $10,857,000. Stifel Financial Corp boosted its position in shares of Virtus Global Dividend & Income Fund by 33.7% during the 3rd quarter. Stifel Financial Corp now owns 871,539 shares of the investment management company’s stock valued at $5,404,000 after acquiring an additional 219,609 shares during the last quarter. Landscape Capital Management L.L.C. grew its holdings in shares of Virtus Global Dividend & Income Fund by 25.7% in the third quarter. Landscape Capital Management L.L.C. now owns 587,035 shares of the investment management company’s stock valued at $3,640,000 after purchasing an additional 120,063 shares during the period. Sculptor Capital LP acquired a new stake in Virtus Global Dividend & Income Fund during the second quarter worth about $2,482,000. Finally, Capstone Investment Advisors LLC purchased a new position in Virtus Global Dividend & Income Fund during the third quarter worth about $2,774,000. Hedge funds and other institutional investors 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.