Virtus Global Multi-Sector Income Fund (NYSE:VGI) Declares Monthly Dividend of $0.08

Virtus Global Multi-Sector Income Fund (NYSE:VGI) declared a monthly dividend on Wednesday, November 19th. Shareholders of record on Thursday, February 12th will be given a dividend of 0.08 per share on Thursday, February 26th. This represents a c) dividend on an annualized basis and a yield of 12.4%. The ex-dividend date of this dividend is Thursday, February 12th.

Virtus Global Multi-Sector Income Fund Stock Performance

Shares of NYSE VGI traded up $0.03 during trading on Thursday, hitting $7.77. The stock had a trading volume of 12,421 shares, compared to its average volume of 37,983. The firm has a fifty day moving average of $7.90 and a two-hundred day moving average of $7.84. Virtus Global Multi-Sector Income Fund has a 12 month low of $7.00 and a 12 month high of $8.18.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Comerica Bank raised its stake in shares of Virtus Global Multi-Sector Income Fund by 28.9% during the 3rd quarter. Comerica Bank now owns 5,818 shares of the company’s stock worth $46,000 after purchasing an additional 1,303 shares during the period. SeaCrest Wealth Management LLC grew its position in shares of Virtus Global Multi-Sector Income Fund by 5.0% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 48,704 shares of the company’s stock valued at $389,000 after acquiring an additional 2,340 shares during the period. LPL Financial LLC increased its stake in shares of Virtus Global Multi-Sector Income Fund by 2.0% during the 1st quarter. LPL Financial LLC now owns 202,114 shares of the company’s stock worth $1,564,000 after purchasing an additional 3,867 shares during the last quarter. CoreCap Advisors LLC lifted its stake in Virtus Global Multi-Sector Income Fund by 3.9% in the third quarter. CoreCap Advisors LLC now owns 144,358 shares of the company’s stock valued at $1,147,000 after purchasing an additional 5,400 shares during the last quarter. Finally, Osaic Holdings Inc. grew its holdings in Virtus Global Multi-Sector Income Fund by 11.4% during the second quarter. Osaic Holdings Inc. now owns 53,803 shares of the company’s stock valued at $422,000 after purchasing an additional 5,497 shares during the period.

Virtus Global Multi-Sector Income Fund Company Profile

Virtus Global Multi-Sector Income Fund is a closed ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is co-managed by Virtus Investment Advisers, Inc and Newfleet Asset Management, LLC. It invests in fixed income markets across the globe. The fund invests in both investment grade and high yield debt instruments issued by the government, corporate, bank loans, mortgage-backed securities, asset-backed securities, taxable municipal bonds, and tax-exempt municipal bonds.