Virtus Total Return Fund Inc. $ZTR Shares Sold by Absolute Investment Advisers LLC

Key Points

• Absolute Investment Advisers LLC reduced its stake in Virtus Total Return Fund Inc. by 15.1% during the 2nd quarter, selling 222,394 shares and bringing its ownership to 2.26% valued at approximately $7.8 million.
• The Virtus Total Return Fund recently declared a monthly dividend of $0.05 per share, with an annualized yield of 9.5% to be paid on November 26th.
• As of now, 47.14% of Virtus Total Return Fund stock is owned by institutional investors and hedge funds, indicating significant institutional interest in the company.

Absolute Investment Advisers LLC decreased its stake in Virtus Total Return Fund Inc. (NYSE:ZTR - Free Report) by 15.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,255,160 shares of the investment management company's stock after selling 222,394 shares during the quarter. Absolute Investment Advisers LLC owned approximately 2.26% of Virtus Total Return Fund worth $7,820,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Concurrent Investment Advisors LLC acquired a new stake in Virtus Total Return Fund in the 1st quarter worth about $61,000. XTX Topco Ltd acquired a new stake in shares of Virtus Total Return Fund in the first quarter worth approximately $71,000. Jane Street Group LLC acquired a new stake in shares of Virtus Total Return Fund in the fourth quarter worth approximately $76,000. Integrity Alliance LLC. acquired a new stake in Virtus Total Return Fund during the 1st quarter worth $76,000. Finally, Pasadena Private Wealth LLC acquired a new stake in Virtus Total Return Fund during the 1st quarter worth $86,000. 47.14% of the stock is currently owned by institutional investors and hedge funds.

Virtus Total Return Fund Stock Up 0.1%

Shares of ZTR opened at $6.31 on Thursday. Virtus Total Return Fund Inc. has a 52-week low of $5.22 and a 52-week high of $6.40. The firm's fifty day moving average is $6.26 and its two-hundred day moving average is $6.09.

Virtus Total Return Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, November 13th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, November 13th. This represents a c) dividend on an annualized basis and a yield of 9.5%.

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.

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