Virtus Total Return Fund Inc. $ZTR Shares Sold by Sit Investment Associates Inc.

Key Points

• Sit Investment Associates Inc. has reduced its stake in Virtus Total Return Fund Inc. by 82.6%, selling 699,418 shares during the first quarter and now holding approximately 147,521 shares.
• Other institutional investors have also increased their positions in Virtus Total Return Fund, with several buying new stakes valued between $61,000 and $86,000 in the first quarter.
• The Virtus Total Return Fund recently declared a dividend of $0.05, resulting in a notable yield of 980.0% for shareholders of record as of July 11th.

Sit Investment Associates Inc. cut its stake in Virtus Total Return Fund Inc. (NYSE:ZTR - Free Report) by 82.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 147,521 shares of the investment management company's stock after selling 699,418 shares during the period. Sit Investment Associates Inc. owned approximately 0.27% of Virtus Total Return Fund worth $881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Concurrent Investment Advisors LLC acquired a new position in shares of Virtus Total Return Fund during the 1st quarter worth approximately $61,000. XTX Topco Ltd purchased a new stake in shares of Virtus Total Return Fund in the 1st quarter valued at approximately $71,000. Jane Street Group LLC acquired a new position in shares of Virtus Total Return Fund during the 4th quarter worth $76,000. Alpine Global Management LLC acquired a new stake in Virtus Total Return Fund in the 4th quarter worth $79,000. Finally, Pasadena Private Wealth LLC bought a new position in Virtus Total Return Fund during the 1st quarter valued at about $86,000. 47.14% of the stock is currently owned by institutional investors and hedge funds.

Virtus Total Return Fund Trading Down 0.1%

Shares of ZTR traded down $0.0050 on Thursday, reaching $6.3150. 21,826 shares of the company's stock were exchanged, compared to its average volume of 241,516. Virtus Total Return Fund Inc. has a 12 month low of $5.22 and a 12 month high of $6.35. The business has a 50 day moving average price of $6.19 and a two-hundred day moving average price of $6.02.

Virtus Total Return Fund Announces Dividend

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

About Virtus Total Return Fund

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.