Cetera Investment Advisers lowered its stake in shares of Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR - Free Report) by 72.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,667 shares of the investment management company's stock after selling 149,651 shares during the quarter. Cetera Investment Advisers' holdings in Virtus Global Dividend & Income Fund were worth $332,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in ZTR. IFP Advisors Inc purchased a new position in Virtus Global Dividend & Income Fund in the fourth quarter valued at about $29,000. HighTower Advisors LLC purchased a new position in Virtus Global Dividend & Income Fund in the fourth quarter valued at about $60,000. Jane Street Group LLC purchased a new position in Virtus Global Dividend & Income Fund in the fourth quarter valued at about $76,000. Alpine Global Management LLC purchased a new position in Virtus Global Dividend & Income Fund in the fourth quarter valued at about $79,000. Finally, CF Capital LLC purchased a new position in Virtus Global Dividend & Income Fund in the fourth quarter valued at about $94,000. Hedge funds and other institutional investors own 47.14% of the company's stock.
Virtus Global Dividend & Income Fund Trading Down 0.2%
Virtus Global Dividend & Income Fund stock traded down $0.02 during mid-day trading on Tuesday, reaching $6.19. The company had a trading volume of 124,734 shares, compared to its average volume of 251,099. Virtus Global Dividend & Income Fund Inc. has a 1 year low of $5.22 and a 1 year high of $6.26. The stock's 50-day simple moving average is $5.94 and its 200-day simple moving average is $5.94.
Virtus Global Dividend & Income Fund Dividend Announcement
The firm also recently disclosed a dividend, which was paid on Thursday, May 29th. Stockholders of record on Tuesday, May 13th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, May 12th. This represents a dividend yield of 9.85%.
Virtus Global Dividend & Income Fund Company Profile
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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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