Readystate Asset Management LP Makes New $777,000 Investment in Virtus Total Return Fund Inc. (NYSE:ZTR)

Readystate Asset Management LP acquired a new stake in Virtus Total Return Fund Inc. (NYSE:ZTR - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 130,108 shares of the investment management company's stock, valued at approximately $777,000. Readystate Asset Management LP owned 0.23% of Virtus Total Return Fund as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in ZTR. Tabor Asset Management LP acquired a new position in Virtus Total Return Fund during the first quarter worth about $4,055,000. J.W. Cole Advisors Inc. raised its stake in shares of Virtus Total Return Fund by 266.9% in the 1st quarter. J.W. Cole Advisors Inc. now owns 170,061 shares of the investment management company's stock valued at $1,015,000 after acquiring an additional 123,711 shares during the period. Private Advisor Group LLC grew its holdings in Virtus Total Return Fund by 45.8% during the 1st quarter. Private Advisor Group LLC now owns 121,434 shares of the investment management company's stock valued at $725,000 after purchasing an additional 38,127 shares in the last quarter. Beverly Hills Private Wealth LLC acquired a new position in shares of Virtus Total Return Fund in the 1st quarter valued at about $280,000. Finally, Envestnet Asset Management Inc. lifted its position in Virtus Total Return Fund by 2.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 258,888 shares of the investment management company's stock valued at $1,546,000 after purchasing an additional 7,129 shares during the last quarter. 47.14% of the stock is owned by hedge funds and other institutional investors.

Virtus Total Return Fund Stock Performance

Shares of ZTR traded down $0.06 during mid-day trading on Thursday, hitting $6.22. The company's stock had a trading volume of 111,377 shares, compared to its average volume of 210,166. The firm has a 50-day moving average price of $6.15 and a 200 day moving average price of $5.97. Virtus Total Return Fund Inc. has a fifty-two week low of $5.22 and a fifty-two week high of $6.30.

Virtus Total Return Fund Dividend Announcement

The firm also recently declared a jul 25 dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Friday, July 11th will be issued a $0.05 dividend. This represents a yield of 9.8%. The ex-dividend date is Friday, July 11th.

Virtus Total Return Fund 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.