Absolute Investment Advisers LLC cut its position in Virtus Total Return Fund Inc. (NYSE:ZTR - Free Report) by 7.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,477,554 shares of the investment management company's stock after selling 118,820 shares during the period. Absolute Investment Advisers LLC owned 2.66% of Virtus Total Return Fund worth $8,821,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Yakira Capital Management Inc. boosted its stake in Virtus Total Return Fund by 3.2% during the 4th quarter. Yakira Capital Management Inc. now owns 1,182,731 shares of the investment management company's stock valued at $6,931,000 after purchasing an additional 36,170 shares during the last quarter. LPL Financial LLC boosted its stake in Virtus Total Return Fund by 22.7% during the 4th quarter. LPL Financial LLC now owns 1,113,398 shares of the investment management company's stock valued at $6,525,000 after purchasing an additional 206,237 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Virtus Total Return Fund by 11.0% in the 4th quarter. Stifel Financial Corp now owns 967,838 shares of the investment management company's stock worth $5,672,000 after buying an additional 96,299 shares during the last quarter. Guggenheim Capital LLC boosted its stake in shares of Virtus Total Return Fund by 33.1% in the 4th quarter. Guggenheim Capital LLC now owns 947,533 shares of the investment management company's stock worth $5,553,000 after buying an additional 235,804 shares during the last quarter. Finally, Capstone Investment Advisors LLC boosted its stake in shares of Virtus Total Return Fund by 89.8% in the 4th quarter. Capstone Investment Advisors LLC now owns 849,307 shares of the investment management company's stock worth $4,977,000 after buying an additional 401,929 shares during the last quarter. 47.14% of the stock is currently owned by institutional investors and hedge funds.
Virtus Total Return Fund Price Performance
Shares of NYSE ZTR traded down $0.01 during midday trading on Monday, reaching $6.21. The company's stock had a trading volume of 94,620 shares, compared to its average volume of 250,554. The firm has a 50 day moving average price of $6.12 and a 200-day moving average price of $5.95. Virtus Total Return Fund Inc. has a 12-month low of $5.22 and a 12-month high of $6.28.
Virtus Total Return Fund Dividend Announcement
The business also recently declared a jul 25 dividend, which will be paid on Wednesday, July 30th. Investors of record on Friday, July 11th will be issued a $0.05 dividend. The ex-dividend date is Friday, July 11th. This represents a dividend yield of 9.8%.
Virtus Total Return Fund Profile
(
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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