Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) Shares Sold by Shaker Financial Services LLC

Shaker Financial Services LLC lessened its holdings in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) by 33.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 121,089 shares of the investment management company’s stock after selling 60,788 shares during the quarter. Shaker Financial Services LLC’s holdings in Virtus Global Dividend & Income Fund were worth $710,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ZTR. Guggenheim Capital LLC increased its position in shares of Virtus Global Dividend & Income Fund by 33.1% in the 4th quarter. Guggenheim Capital LLC now owns 947,533 shares of the investment management company’s stock valued at $5,553,000 after acquiring an additional 235,804 shares during the period. Mariner LLC purchased a new position in shares of Virtus Global Dividend & Income Fund in the fourth quarter worth about $95,000. Raymond James Financial Inc. acquired a new stake in shares of Virtus Global Dividend & Income Fund during the fourth quarter worth about $886,000. Invesco Ltd. purchased a new stake in Virtus Global Dividend & Income Fund in the fourth quarter valued at approximately $197,000. Finally, Yakira Capital Management Inc. raised its position in Virtus Global Dividend & Income Fund by 3.2% during the 4th quarter. Yakira Capital Management Inc. now owns 1,182,731 shares of the investment management company’s stock worth $6,931,000 after buying an additional 36,170 shares during the last quarter. Hedge funds and other institutional investors own 47.14% of the company’s stock.

Virtus Global Dividend & Income Fund Price Performance

Shares of Virtus Global Dividend & Income Fund stock opened at $5.80 on Tuesday. Virtus Global Dividend & Income Fund Inc. has a 1 year low of $5.22 and a 1 year high of $6.26. The firm has a fifty day moving average price of $5.81 and a 200 day moving average price of $5.92.

Virtus Global Dividend & Income Fund Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, April 11th will be issued a $0.05 dividend. The ex-dividend date is Friday, April 11th.

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.