Virtus Global Dividend & Income Fund (NYSE:ZTR) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.92 and traded as high as $6.14. Virtus Global Dividend & Income Fund shares last traded at $6.12, with a volume of 293,357 shares changing hands.

Virtus Global Dividend & Income Fund Trading Up 1.2%

The stock’s 50-day simple moving average is $5.88 and its 200 day simple moving average is $5.92.

Virtus Global Dividend & Income Fund Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, May 29th. Stockholders of record on Tuesday, May 13th will be given a $0.05 dividend. The ex-dividend date is Monday, May 12th. This represents a dividend yield of 9.85%.

Institutional Investors Weigh In On Virtus Global Dividend & Income Fund

A number of institutional investors have recently modified their holdings of the business. Absolute Investment Advisers LLC bought a new stake in Virtus Global Dividend & Income Fund during the fourth quarter worth about $9,355,000. Yakira Capital Management Inc. lifted its position in Virtus Global Dividend & Income Fund by 3.2% during the fourth quarter. Yakira Capital Management Inc. now owns 1,182,731 shares of the investment management company’s stock worth $6,931,000 after purchasing an additional 36,170 shares during the period. LPL Financial LLC lifted its position in Virtus Global Dividend & Income Fund by 22.7% during the fourth quarter. LPL Financial LLC now owns 1,113,398 shares of the investment management company’s stock worth $6,525,000 after purchasing an additional 206,237 shares during the period. Stifel Financial Corp raised its stake in Virtus Global Dividend & Income Fund by 11.0% during the fourth quarter. Stifel Financial Corp now owns 967,838 shares of the investment management company’s stock worth $5,672,000 after acquiring an additional 96,299 shares in the last quarter. Finally, Guggenheim Capital LLC raised its stake in Virtus Global Dividend & Income Fund by 33.1% during the fourth quarter. Guggenheim Capital LLC now owns 947,533 shares of the investment management company’s stock worth $5,553,000 after acquiring an additional 235,804 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.