Virtus Total Return Fund (NYSE:ZTR) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Virtus Total Return Fund Inc. (NYSE:ZTR)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.75 and traded as high as $6.79. Virtus Total Return Fund shares last traded at $6.7750, with a volume of 62,393 shares trading hands.

Virtus Total Return Fund Price Performance

The firm’s 50 day simple moving average is $6.77 and its 200-day simple moving average is $6.75.

Virtus Total Return Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Shareholders of record on Thursday, August 13th will be issued a $0.055 dividend. This represents a c) dividend on an annualized basis and a yield of 9.7%. The ex-dividend date of this dividend is Thursday, August 13th.

Institutional Trading of Virtus Total Return Fund

Large investors have recently modified their holdings of the stock. Beverly Hills Private Wealth LLC bought a new position in shares of Virtus Total Return Fund in the second quarter worth about $161,000. Avise Financial Cooperative Inc. acquired a new position in Virtus Total Return Fund during the 2nd quarter worth approximately $160,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in Virtus Total Return Fund by 21.9% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 16,578 shares of the investment management company’s stock worth $113,000 after purchasing an additional 2,982 shares in the last quarter. CoreCap Advisors LLC lifted its stake in Virtus Total Return Fund by 11.2% in the 2nd quarter. CoreCap Advisors LLC now owns 26,367 shares of the investment management company’s stock valued at $180,000 after purchasing an additional 2,648 shares during the last quarter. Finally, Ashton Thomas Securities LLC boosted its position in Virtus Total Return Fund by 99.8% in the first quarter. Ashton Thomas Securities LLC now owns 226,800 shares of the investment management company’s stock valued at $1,501,000 after buying an additional 113,300 shares in the last quarter. 47.14% of the stock is owned by institutional investors and hedge funds.

About Virtus Total Return Fund

Virtus Total Return Fund, Inc (NYSE: ZTR) is a closed-end management investment company that seeks to provide investors with high total return with moderate income. The fund, which began operations in 2005, trades on the New York Stock Exchange and is sponsored by Virtus Investment Partners. ZTR offers investors access to a diversified mix of fixed-income and equity opportunities within a single vehicle.

To pursue its stated objective, the fund typically allocates across a broad range of asset classes, including corporate debt securities, high-yield bonds, convertible securities, preferred stocks, common stocks and real estate investment trusts (REITs).