LPL Financial LLC Has $6.13 Million Holdings in Virtus Total Return Fund Inc. (NYSE:ZTR)

Key Points

• LPL Financial LLC reduced its stake in Virtus Total Return Fund by 7.7% during the first quarter, now owning approximately 1.85% of the company valued at $6.1 million after selling 86,036 shares.
• The fund recently reported a dividend yield of 980.0% with a dividend payout of $0.05 per share for shareholders of record on July 11th.
• Virtus Total Return Fund's stock opened at $6.24, experiencing a 1.0% decline, with a 52-week range between $5.22 and $6.32.

LPL Financial LLC decreased its holdings in shares of Virtus Total Return Fund Inc. (NYSE:ZTR - Free Report) by 7.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,027,362 shares of the investment management company's stock after selling 86,036 shares during the quarter. LPL Financial LLC owned about 1.85% of Virtus Total Return Fund worth $6,133,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in ZTR. Integrated Capital Management Inc. raised its holdings in shares of Virtus Total Return Fund by 12.5% in the 1st quarter. Integrated Capital Management Inc. now owns 45,003 shares of the investment management company's stock worth $269,000 after purchasing an additional 5,013 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Virtus Total Return Fund by 2.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 258,888 shares of the investment management company's stock worth $1,546,000 after buying an additional 7,129 shares during the period. Concurrent Investment Advisors LLC bought a new stake in shares of Virtus Total Return Fund during the 1st quarter worth $61,000. Jane Street Group LLC bought a new stake in Virtus Total Return Fund in the 4th quarter valued at $76,000. Finally, Alpine Global Management LLC acquired a new position in shares of Virtus Total Return Fund in the 4th quarter valued at $79,000. Institutional investors and hedge funds own 47.14% of the company's stock.

Virtus Total Return Fund Price Performance

Shares of Virtus Total Return Fund stock remained flat at $6.28 during mid-day trading on Friday. 121,503 shares of the company were exchanged, compared to its average volume of 197,151. Virtus Total Return Fund Inc. has a 1-year low of $5.22 and a 1-year high of $6.32. The company has a fifty day simple moving average of $6.18 and a 200-day simple moving average of $6.01.

Virtus Total Return Fund Announces Dividend

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

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.