AQR Arbitrage LLC decreased its position in shares of Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR - Free Report) by 37.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 305,557 shares of the investment management company's stock after selling 181,040 shares during the quarter. AQR Arbitrage LLC's holdings in Virtus Global Dividend & Income Fund were worth $1,791,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its holdings in Virtus Global Dividend & Income Fund by 4.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 50,758 shares of the investment management company's stock worth $297,000 after buying an additional 2,375 shares in the last quarter. Arete Wealth Advisors LLC raised its holdings in Virtus Global Dividend & Income Fund by 12.4% during the fourth quarter. Arete Wealth Advisors LLC now owns 41,304 shares of the investment management company's stock worth $242,000 after purchasing an additional 4,565 shares in the last quarter. Park Avenue Securities LLC lifted its position in Virtus Global Dividend & Income Fund by 2.0% in the fourth quarter. Park Avenue Securities LLC now owns 234,351 shares of the investment management company's stock valued at $1,373,000 after acquiring an additional 4,602 shares during the last quarter. IFP Advisors Inc acquired a new stake in shares of Virtus Global Dividend & Income Fund in the 4th quarter valued at about $29,000. Finally, HighTower Advisors LLC acquired a new position in shares of Virtus Global Dividend & Income Fund in the 4th quarter valued at $60,000. 47.14% of the stock is currently owned by institutional investors and hedge funds.
Virtus Global Dividend & Income Fund Stock Performance
Shares of NYSE ZTR traded up $0.03 during midday trading on Tuesday, reaching $6.12. 133,221 shares of the company were exchanged, compared to its average volume of 262,548. The stock has a fifty day simple moving average of $5.84 and a 200 day simple moving average of $5.91. Virtus Global Dividend & Income Fund Inc. has a 1 year low of $5.22 and a 1 year high of $6.26.
Virtus Global Dividend & Income Fund Dividend Announcement
The firm also recently announced a dividend, which will be paid on Thursday, May 29th. Shareholders of record on Tuesday, May 13th will be issued a $0.05 dividend. This represents a yield of 9.85%. The ex-dividend date is Monday, May 12th.
About Virtus Global Dividend & Income Fund
(
Free Report)
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.
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