AQR Arbitrage LLC lowered its position in shares of Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR - Free Report) by 37.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the business. IFP Advisors Inc bought a new position in Virtus Global Dividend & Income Fund during the 4th quarter valued at approximately $29,000. Truist Financial Corp bought a new position in Virtus Global Dividend & Income Fund in the 4th quarter worth about $168,000. Commonwealth Equity Services LLC grew its position 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 valued at $297,000 after purchasing an additional 2,375 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Virtus Global Dividend & Income Fund in the fourth quarter worth approximately $886,000. Finally, Stifel Financial Corp boosted its stake in Virtus Global Dividend & Income Fund by 11.0% during the 4th quarter. Stifel Financial Corp now owns 967,838 shares of the investment management company's stock valued at $5,672,000 after purchasing an additional 96,299 shares during the last quarter. 47.14% of the stock is currently owned by institutional investors.
Virtus Global Dividend & Income Fund Stock Performance
NYSE:ZTR traded up $0.04 during mid-day trading on Wednesday, hitting $6.16. 116,540 shares of the company traded hands, compared to its average volume of 262,357. The stock's fifty day moving average price is $5.85 and its 200-day moving average price is $5.91. Virtus Global Dividend & Income Fund Inc. has a one year low of $5.22 and a one year high of $6.26.
Virtus Global Dividend & Income Fund Dividend Announcement
The business also recently declared a dividend, which will be paid on Thursday, May 29th. Investors of record on Tuesday, May 13th will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a yield of 9.85%.
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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