Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Shares Cross Above 50 Day Moving Average – Here’s Why

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $12.95 and traded as high as $13.00. Virtus Dividend, Interest & Premium Strategy Fund shares last traded at $12.8560, with a volume of 263,585 shares trading hands.

Virtus Dividend, Interest & Premium Strategy Fund Stock Performance

The stock’s 50-day moving average price is $12.95 and its two-hundred day moving average price is $12.44.

Virtus Dividend, Interest & Premium Strategy Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, September 12th were given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date of this dividend was Friday, September 12th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Pinnacle Bancorp Inc. bought a new position in shares of Virtus Dividend, Interest & Premium Strategy Fund during the 2nd quarter valued at approximately $31,000. Winnow Wealth LLC bought a new position in shares of Virtus Dividend, Interest & Premium Strategy Fund during the 2nd quarter valued at approximately $32,000. CWM LLC grew its position in shares of Virtus Dividend, Interest & Premium Strategy Fund by 33.7% during the 2nd quarter. CWM LLC now owns 3,958 shares of the investment management company’s stock valued at $49,000 after acquiring an additional 998 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Virtus Dividend, Interest & Premium Strategy Fund by 34.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 7,269 shares of the investment management company’s stock valued at $88,000 after acquiring an additional 1,864 shares during the period. Finally, Elequin Capital LP bought a new position in shares of Virtus Dividend, Interest & Premium Strategy Fund during the 1st quarter valued at approximately $103,000.

About Virtus Dividend, Interest & Premium Strategy Fund

AllianzGI NFJ Dividend, Interest & Premium Strategy Fund is a closed ended equity mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC and NFJ Investment Group LLC. It invests in public equity markets of the United States.