AQR Arbitrage LLC Decreases Stock Position in Virtus Total Return Fund Inc. $ZTR

Key Points

• AQR Arbitrage LLC significantly reduced its stake in Virtus Total Return Fund Inc. by 71.3%, selling over 217,000 shares during the first quarter.
• Other institutional investors, like North Ground Capital, increased their holdings substantially, with North Ground boosting its stake by 2,931.3%.
• The fund announced a monthly dividend of $0.05 per share, which equates to an annualized yield of 9.6%, with the ex-dividend date set for November 13.

AQR Arbitrage LLC trimmed its holdings in Virtus Total Return Fund Inc. (NYSE:ZTR - Free Report) by 71.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,830 shares of the investment management company's stock after selling 217,727 shares during the quarter. AQR Arbitrage LLC owned approximately 0.16% of Virtus Total Return Fund worth $524,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ZTR. Concurrent Investment Advisors LLC bought a new position in Virtus Total Return Fund in the 1st quarter worth approximately $61,000. XTX Topco Ltd purchased a new stake in shares of Virtus Total Return Fund during the 1st quarter worth approximately $71,000. Jane Street Group LLC purchased a new stake in shares of Virtus Total Return Fund during the 4th quarter worth approximately $76,000. Alpine Global Management LLC purchased a new stake in shares of Virtus Total Return Fund during the 4th quarter worth approximately $79,000. Finally, Pasadena Private Wealth LLC purchased a new stake in shares of Virtus Total Return Fund during the 1st quarter worth approximately $86,000. 47.14% of the stock is currently owned by institutional investors.

Virtus Total Return Fund Stock Down 0.1%

Shares of ZTR traded down $0.01 during mid-day trading on Tuesday, hitting $6.22. 59,295 shares of the stock were exchanged, compared to its average volume of 239,215. Virtus Total Return Fund Inc. has a 52-week low of $5.22 and a 52-week high of $6.40. The firm has a 50-day moving average of $6.24 and a two-hundred day moving average of $6.06.

Virtus Total Return Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th will be issued a dividend of $0.05 per share. This represents a c) annualized dividend and a dividend yield of 9.7%. The ex-dividend date of this dividend is Thursday, November 13th.

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.