North Ground Capital Increases Stock Position in Virtus Total Return Fund Inc. $ZTR

Key Points

• North Ground Capital significantly increased its stake in Virtus Total Return Fund Inc. by 2,931.3%, acquiring a total of 485,000 shares during the first quarter.
• Other institutional investors, including Concurent Investment Advisors and XTX Topco Ltd, also made new investments in the fund, which has a total institutional ownership of 47.14%.
• Virtus Total Return Fund recently announced a dividend of $0.05 per share, resulting in an impressive dividend yield of 980.0%.

North Ground Capital raised its holdings in Virtus Total Return Fund Inc. (NYSE:ZTR - Free Report) by 2,931.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 485,000 shares of the investment management company's stock after purchasing an additional 469,000 shares during the quarter. Virtus Total Return Fund accounts for about 2.9% of North Ground Capital's holdings, making the stock its 11th biggest position. North Ground Capital owned approximately 0.87% of Virtus Total Return Fund worth $2,929,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in ZTR. Concurrent Investment Advisors LLC purchased a new stake in Virtus Total Return Fund in the 1st quarter valued at approximately $61,000. XTX Topco Ltd acquired a new stake in shares of Virtus Total Return Fund during the 1st quarter valued at approximately $71,000. Jane Street Group LLC acquired a new stake in shares of Virtus Total Return Fund during the 4th quarter valued at approximately $76,000. Alpine Global Management LLC acquired a new stake in shares of Virtus Total Return Fund during the 4th quarter valued at approximately $79,000. Finally, Pasadena Private Wealth LLC acquired a new stake in shares of Virtus Total Return Fund during the 1st quarter valued at approximately $86,000. Hedge funds and other institutional investors own 47.14% of the company's stock.

Virtus Total Return Fund Trading Down 0.1%

ZTR stock opened at $6.3450 on Tuesday. The firm has a 50 day moving average of $6.20 and a 200-day moving average of $6.03. Virtus Total Return Fund Inc. has a 12-month low of $5.22 and a 12-month high of $6.36.

Virtus Total Return Fund Dividend Announcement

The business also recently disclosed a jul 25 dividend, which was paid on Wednesday, July 30th. Investors of record on Friday, July 11th were given a dividend of $0.05 per share. This represents a dividend yield of 980.0%. The ex-dividend date was Friday, July 11th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.