Capstone Investment Advisors LLC Takes $2.53 Million Position in Virtus Total Return Fund Inc. $ZTR

Key Points

• Capstone Investment Advisors acquired 370,223 shares of Virtus Total Return Fund, worth approximately $2.53 million and representing a 0.74% stake.
• Institutional investors and hedge funds own 47.14% of ZTR, with several firms increasing or initiating positions.
• ZTR recently announced a monthly dividend of $0.055 per share, implying an annualized 9.7% yield; shares opened at $6.81, within a one-year range of $6.17 to $7.11.

Capstone Investment Advisors LLC acquired a new position in shares of Virtus Total Return Fund Inc. (NYSE:ZTR - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 370,223 shares of the investment management company's stock, valued at approximately $2,529,000. Capstone Investment Advisors LLC owned 0.74% of Virtus Total Return Fund as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the business. CWM LLC raised its position in Virtus Total Return Fund by 854.9% in the fourth quarter. CWM LLC now owns 7,582 shares of the investment management company's stock worth $48,000 after purchasing an additional 6,788 shares in the last quarter. HRT Financial LP acquired a new stake in Virtus Total Return Fund during the fourth quarter valued at approximately $63,000. Bayban bought a new stake in shares of Virtus Total Return Fund in the 4th quarter valued at approximately $65,000. Closed End Fund Advisors Inc. acquired a new position in shares of Virtus Total Return Fund in the 4th quarter worth approximately $66,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of Virtus Total Return Fund by 21.9% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 16,578 shares of the investment management company's stock worth $113,000 after buying an additional 2,982 shares in the last quarter. 47.14% of the stock is currently owned by institutional investors and hedge funds.

Virtus Total Return Fund Stock Performance

Virtus Total Return Fund stock opened at $6.81 on Friday. The business has a 50 day simple moving average of $6.79 and a 200 day simple moving average of $6.78. Virtus Total Return Fund Inc. has a one year low of $6.17 and a one year high of $7.11.

Virtus Total Return Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%.

About Virtus Total Return Fund

Virtus Total Return Fund, Inc NYSE: ZTR is a closed-end management investment company that seeks to provide investors with high total return with moderate income. The fund, which began operations in 2005, trades on the New York Stock Exchange and is sponsored by Virtus Investment Partners. ZTR offers investors access to a diversified mix of fixed-income and equity opportunities within a single vehicle.

To pursue its stated objective, the fund typically allocates across a broad range of asset classes, including corporate debt securities, high-yield bonds, convertible securities, preferred stocks, common stocks and real estate investment trusts (REITs).

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