Sculptor Capital LP Reduces Holdings in Virtus Total Return Fund Inc. $ZTR

Key Points

• Sculptor Capital LP has reduced its holdings in Virtus Total Return Fund Inc. (NYSE:ZTR) by 30.5%, selling 138,890 shares in the first quarter, and now owns approximately 0.57% of the company.
• Capstone Investment Advisors LLC significantly increased its stake by 89.8%, while North Ground Capital dramatically boosted its shares by 2,931.3% during the same period.
• The fund recently declared a monthly dividend of $0.05 per share, providing shareholders with an annualized dividend yield of 9.4%, with the payment scheduled for November 26th.

Sculptor Capital LP reduced its holdings in shares of Virtus Total Return Fund Inc. (NYSE:ZTR - Free Report) by 30.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 316,031 shares of the investment management company's stock after selling 138,890 shares during the period. Sculptor Capital LP owned about 0.57% of Virtus Total Return Fund worth $1,887,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Tabor Asset Management LP purchased a new stake in shares of Virtus Total Return Fund in the 1st quarter valued at approximately $4,055,000. North Ground Capital increased its position in shares of Virtus Total Return Fund by 2,931.3% in the 1st quarter. North Ground Capital now owns 485,000 shares of the investment management company's stock valued at $2,929,000 after purchasing an additional 469,000 shares during the last quarter. Capstone Investment Advisors LLC increased its position in shares of Virtus Total Return Fund by 89.8% in the 4th quarter. Capstone Investment Advisors LLC now owns 849,307 shares of the investment management company's stock valued at $4,977,000 after purchasing an additional 401,929 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Virtus Total Return Fund in the 1st quarter valued at approximately $1,876,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Virtus Total Return Fund in the 4th quarter valued at approximately $886,000. 47.14% of the stock is owned by hedge funds and other institutional investors.

Virtus Total Return Fund Trading Down 0.6%

Shares of NYSE:ZTR traded down $0.04 during trading hours on Wednesday, reaching $6.25. The stock had a trading volume of 228,898 shares, compared to its average volume of 240,857. Virtus Total Return Fund Inc. has a 1 year low of $5.22 and a 1 year high of $6.40. The firm's 50 day moving average is $6.24 and its 200-day moving average is $6.04.

Virtus Total Return Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Thursday, November 13th will be given 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 dividend yield of 9.6%.

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.