257,076 Shares of Virtus Total Return Fund Inc. $ZTR Acquired by Bank of America Corp DE

Key Points

• Bank of America acquired 257,076 shares of Virtus Total Return Fund, valued at approximately $1.76 million and representing about 0.51% of the fund.
• Other institutional investors, including Saba Capital Management and Sculptor Capital, also established or increased positions; institutional investors collectively own 47.14% of ZTR.
• ZTR recently traded at $5.96 and announced a monthly dividend of $0.055 per share, equating to $0.66 annually and an 11.1% yield.

Bank of America Corp DE acquired a new stake in shares of Virtus Total Return Fund Inc. (NYSE:ZTR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 257,076 shares of the investment management company's stock, valued at approximately $1,756,000. Bank of America Corp DE owned approximately 0.51% of Virtus Total Return Fund as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of ZTR. Saba Capital Management L.P. bought a new stake in shares of Virtus Total Return Fund during the first quarter valued at approximately $7,512,000. Private Advisor Group LLC lifted its position in Virtus Total Return Fund by 4.2% in the 1st quarter. Private Advisor Group LLC now owns 351,813 shares of the investment management company's stock valued at $2,329,000 after acquiring an additional 14,238 shares in the last quarter. Ashton Thomas Securities LLC boosted its stake in Virtus Total Return Fund by 99.8% during the 1st quarter. Ashton Thomas Securities LLC now owns 226,800 shares of the investment management company's stock valued at $1,501,000 after purchasing an additional 113,300 shares during the last quarter. Sculptor Capital LP purchased a new stake in Virtus Total Return Fund during the 2nd quarter valued at $1,487,000. Finally, Royal Bank of Canada boosted its stake in Virtus Total Return Fund by 7.0% during the 1st quarter. Royal Bank of Canada now owns 59,951 shares of the investment management company's stock valued at $397,000 after purchasing an additional 3,920 shares during the last quarter. 47.14% of the stock is owned by hedge funds and other institutional investors.

Virtus Total Return Fund Price Performance

Virtus Total Return Fund stock opened at $5.96 on Friday. Virtus Total Return Fund Inc. has a 12 month low of $5.93 and a 12 month high of $7.11. The stock has a fifty day simple moving average of $6.59 and a two-hundred day simple moving average of $6.70.

Virtus Total Return Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 27th. Investors of record on Thursday, November 12th will be given a dividend of $0.0550 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $0.66 annualized dividend and a dividend yield of 11.1%.

Virtus Total Return Fund Company Profile

Virtus Total Return Fund NYSE: ZTR is a diversified closed-end investment company designed to provide investors with total return through a combination of current income and capital appreciation. The fund invests in a portfolio of equity and fixed-income securities, with allocations that may change in response to market conditions and the portfolio management team's outlook.

The fund may invest across multiple industries and geographic markets, including U.S. and international securities.

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