Virtus Global Dividend & Income Fund (NYSE:ZTR) Shares Cross Below 200 Day Moving Average – Should You Sell?

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)’s stock price passed 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 Trading Up 0.7 %

The company’s fifty day moving average price is $5.98 and its 200 day moving average price is $5.87.

Virtus Global Dividend & Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 28th. Shareholders of record on Thursday, March 13th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.60 annualized dividend and a yield of 10.17%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Walleye Capital LLC acquired a new stake in Virtus Global Dividend & Income Fund during the third quarter worth about $137,000. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Virtus Global Dividend & Income Fund by 9.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 34,388 shares of the investment management company’s stock worth $188,000 after acquiring an additional 3,028 shares during the period. Sculptor Capital LP acquired a new stake in shares of Virtus Global Dividend & Income Fund during the 2nd quarter worth approximately $2,482,000. Commonwealth Equity Services LLC increased its stake in Virtus Global Dividend & Income Fund by 8.3% in the second quarter. Commonwealth Equity Services LLC now owns 52,288 shares of the investment management company’s stock valued at $285,000 after acquiring an additional 4,024 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its position in 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 valued at $159,000 after purchasing an additional 13,104 shares in the last quarter. Institutional investors 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.