Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Trading 0.9% Higher – Here’s Why

Shares of Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) shot up 0.9% during trading on Thursday . The stock traded as high as $28.23 and last traded at $27.91. Approximately 85,108 shares were traded during trading, a decline of 13% from the average session volume of 98,000 shares. The stock had previously closed at $27.67.

Virtus Artificial Intelligence & Technology Opportunities Fund Trading Up 0.9%

The stock’s fifty day moving average is $26.08 and its two-hundred day moving average is $23.78.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 7.7%.

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

Hedge funds have recently modified their holdings of the stock. Truist Financial Corp boosted its position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 2.8% in the 4th quarter. Truist Financial Corp now owns 16,364 shares of the company’s stock valued at $356,000 after purchasing an additional 446 shares during the period. NBC Securities Inc. lifted its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 8.5% during the fourth quarter. NBC Securities Inc. now owns 7,153 shares of the company’s stock valued at $156,000 after buying an additional 561 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 1.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 44,497 shares of the company’s stock worth $997,000 after buying an additional 724 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 4.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 20,065 shares of the company’s stock worth $436,000 after buying an additional 847 shares during the period. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the second quarter worth approximately $25,000.

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.