Wolverine Asset Management LLC Makes New $1.88 Million Investment in Virtus Total Return Fund Inc. (NYSE:ZTR)

Key Points

• Wolverine Asset Management LLC has acquired a new stake in Virtus Total Return Fund Inc., purchasing 314,274 shares valued at approximately $1,876,000, representing about 0.57% ownership.
• Other institutional investors, including Shaker Financial Services LLC and Pasadena Private Wealth LLC, have also increased their stakes, indicating a total of 47.14% of the stock is held by hedge funds and institutions.
• The Virtus Total Return Fund recently announced a dividend of $0.05, yielding an impressive 980.0%, which was paid to investors on July 30th after the ex-dividend date of July 11th.

Wolverine Asset Management LLC bought a new position in Virtus Total Return Fund Inc. (NYSE:ZTR - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 314,274 shares of the investment management company's stock, valued at approximately $1,876,000. Wolverine Asset Management LLC owned 0.57% of Virtus Total Return Fund at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Invesco Ltd. bought a new position in shares of Virtus Total Return Fund in the 4th quarter worth approximately $197,000. Raymond James Financial Inc. bought a new stake in Virtus Total Return Fund during the fourth quarter valued at approximately $886,000. Mariner LLC bought a new stake in Virtus Total Return Fund during the fourth quarter valued at approximately $95,000. Guggenheim Capital LLC grew its position in Virtus Total Return Fund by 33.1% during the fourth quarter. Guggenheim Capital LLC now owns 947,533 shares of the investment management company's stock valued at $5,553,000 after buying an additional 235,804 shares during the period. Finally, Stifel Financial Corp grew its position in Virtus Total Return Fund by 11.0% during the fourth quarter. Stifel Financial Corp now owns 967,838 shares of the investment management company's stock valued at $5,672,000 after buying an additional 96,299 shares during the period. Institutional investors own 47.14% of the company's stock.

Virtus Total Return Fund Stock Performance

NYSE ZTR traded down $0.07 during trading hours on Monday, hitting $6.24. 160,666 shares of the company's stock traded hands, compared to its average volume of 202,066. The business's fifty day moving average price is $6.17 and its two-hundred day moving average price is $6.00. Virtus Total Return Fund Inc. has a 52 week low of $5.22 and a 52 week high of $6.32.

Virtus Total Return Fund Dividend Announcement

The company also recently announced a jul 25 dividend, which was paid on Wednesday, July 30th. Shareholders of record on Friday, July 11th were paid a dividend of $0.05 per share. The ex-dividend date 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.