Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) to Issue Monthly Dividend of $0.18 on August 28th

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) announced a monthly dividend on Wednesday, June 3rd. Investors of record on Thursday, August 13th will be given a dividend of 0.18 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date is Thursday, August 13th.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Down 0.2%

Virtus Artificial Intelligence & Technology Opportunities Fund stock opened at $27.37 on Friday. The firm’s 50 day simple moving average is $24.55 and its 200 day simple moving average is $23.31. Virtus Artificial Intelligence & Technology Opportunities Fund has a 1-year low of $20.91 and a 1-year high of $27.67.

Insider Activity at Virtus Artificial Intelligence & Technology Opportunities Fund

In other news, EVP William Patrick Bradley III sold 2,000 shares of the stock in a transaction on Friday, March 20th. The shares were sold at an average price of $21.56, for a total value of $43,120.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Hedge Funds Weigh In On Virtus Artificial Intelligence & Technology Opportunities Fund

A number of institutional investors have recently made changes to their positions in AIO. Cetera Investment Advisers bought a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the 2nd quarter worth $683,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the 2nd quarter worth $25,000. Raymond James Financial Inc. increased its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 8.9% in the 2nd quarter. Raymond James Financial Inc. now owns 107,535 shares of the company’s stock worth $2,669,000 after buying an additional 8,776 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the 2nd quarter worth $275,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 9.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 290,542 shares of the company’s stock worth $7,212,000 after buying an additional 24,009 shares during the last quarter.

About Virtus Artificial Intelligence & Technology Opportunities Fund

The Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) is a non-diversified, closed-end management investment company designed to provide shareholders with exposure to companies that derive a significant portion of their revenues from the development or use of artificial intelligence and related technologies. The Fund seeks to achieve long-term capital appreciation by identifying businesses that are positioned to benefit from ongoing advancements in AI, machine learning, robotics, data analytics, cloud computing, and semiconductor manufacturing.

Investment selections are made through a fundamental research process that emphasizes both thematic expertise and company-specific analysis.