Virtus Total Return Fund Inc. $ZTR Shares Sold by Quarry LP

Key Points

• Quarry LP reduced its stake in Virtus Total Return Fund Inc. by 19.3%, now holding 618,824 shares after selling 147,611 shares in the first quarter.
• The monthly dividend of $0.05 will be paid on November 26 to investors of record as of November 13, offering an annualized yield of 9.4%.
• Institutional investors and hedge funds collectively own 47.14% of Virtus Total Return Fund, with several funds, including Capstone Investment Advisors LLC, significantly increasing their stakes.

Quarry LP lowered its stake in shares of Virtus Total Return Fund Inc. (NYSE:ZTR - Free Report) by 19.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 618,824 shares of the investment management company's stock after selling 147,611 shares during the quarter. Virtus Total Return Fund makes up about 0.8% of Quarry LP's investment portfolio, making the stock its 15th largest holding. Quarry LP owned approximately 1.11% of Virtus Total Return Fund worth $3,694,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Concurrent Investment Advisors LLC acquired a new stake in shares of Virtus Total Return Fund during the first quarter worth approximately $61,000. Beverly Hills Private Wealth LLC acquired a new position in shares of Virtus Total Return Fund during the first quarter valued at $280,000. Wolverine Asset Management LLC acquired a new position in shares of Virtus Total Return Fund during the first quarter valued at $1,876,000. Raymond James Financial Inc. acquired a new position in shares of Virtus Total Return Fund during the fourth quarter valued at $886,000. Finally, Capstone Investment Advisors LLC grew its holdings in Virtus Total Return Fund by 89.8% during the fourth quarter. Capstone Investment Advisors LLC now owns 849,307 shares of the investment management company's stock worth $4,977,000 after acquiring an additional 401,929 shares during the period. Institutional investors and hedge funds own 47.14% of the company's stock.

Virtus Total Return Fund Stock Down 0.1%

NYSE:ZTR opened at $6.38 on Friday. The business's 50-day moving average price is $6.23 and its 200 day moving average price is $6.04. Virtus Total Return Fund Inc. has a 52-week low of $5.22 and a 52-week high of $6.40.

Virtus Total Return Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, November 13th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a c) dividend on an annualized basis and a yield of 9.4%.

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.

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