Virtus Total Return Fund Inc. $ZTR Shares Sold by Almitas Capital LLC

Key Points

• Almitas Capital LLC reduced its stake in Virtus Total Return Fund by 89.7% in the first quarter, now owning 44,994 shares valued at $269,000.
• Multiple large investors have altered their positions, with Integrated Capital Management Inc. increasing its stake by 12.5% and Envestnet Asset Management Inc. raising its stake by 2.8%.
• The Virtus Total Return Fund announced a monthly dividend of $0.05 to be paid on November 26th, 2023, representing an annualized yield of 9.6%.

Almitas Capital LLC trimmed its position in shares of Virtus Total Return Fund Inc. (NYSE:ZTR - Free Report) by 89.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 44,994 shares of the investment management company's stock after selling 392,080 shares during the quarter. Almitas Capital LLC owned approximately 0.08% of Virtus Total Return Fund worth $269,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ZTR. Raymond James Financial Inc. purchased a new stake in Virtus Total Return Fund during the fourth quarter worth $886,000. Mariner LLC acquired a new position in shares of Virtus Total Return Fund in the fourth quarter worth $95,000. Jane Street Group LLC acquired a new position in shares of Virtus Total Return Fund in the fourth quarter worth $76,000. CSS LLC IL raised its holdings in shares of Virtus Total Return Fund by 11.7% in the fourth quarter. CSS LLC IL now owns 346,748 shares of the investment management company's stock worth $2,032,000 after acquiring an additional 36,229 shares during the last quarter. Finally, Alpine Global Management LLC acquired a new position in shares of Virtus Total Return Fund in the fourth quarter worth $79,000. 47.14% of the stock is currently owned by hedge funds and other institutional investors.

Virtus Total Return Fund Stock Performance

Shares of NYSE ZTR traded down $0.03 during trading on Monday, reaching $6.22. The company had a trading volume of 21,986 shares, compared to its average volume of 240,008. Virtus Total Return Fund Inc. has a twelve month low of $5.22 and a twelve month high of $6.40. The stock has a 50-day moving average price of $6.24 and a two-hundred day moving average price of $6.05.

Virtus Total Return Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, November 13th will be paid a $0.05 dividend. This represents a c) annualized dividend and a yield of 9.7%. The ex-dividend date is Thursday, November 13th.

Virtus Total Return Fund Company Profile

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.