314,274 Shares in Virtus Total Return Fund Inc. (NYSE:ZTR) Acquired by Wolverine Asset Management LLC

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 shares of Virtus Total Return Fund Inc. (NYSE:ZTR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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 about 0.57% of Virtus Total Return Fund at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Shaker Financial Services LLC raised its position in Virtus Total Return Fund by 21.9% during the first quarter. Shaker Financial Services LLC now owns 147,623 shares of the investment management company's stock worth $881,000 after acquiring an additional 26,534 shares during the last quarter. Pasadena Private Wealth LLC acquired a new position in Virtus Total Return Fund during the first quarter worth about $86,000. XTX Topco Ltd acquired a new position in shares of Virtus Total Return Fund in the first quarter valued at approximately $71,000. Readystate Asset Management LP acquired a new position in shares of Virtus Total Return Fund in the first quarter valued at approximately $777,000. Finally, Tabor Asset Management LP acquired a new position in shares of Virtus Total Return Fund in the first quarter valued at approximately $4,055,000. Institutional investors and hedge funds own 47.14% of the company's stock.

Virtus Total Return Fund Stock Performance

Shares of NYSE:ZTR traded down $0.04 during trading on Wednesday, reaching $6.24. The stock had a trading volume of 101,507 shares, compared to its average volume of 244,350. The business has a fifty day moving average price of $6.17 and a 200-day moving average price of $6.00. Virtus Total Return Fund Inc. has a fifty-two week low of $5.22 and a fifty-two week high of $6.32.

Virtus Total Return Fund Dividend Announcement

The company also recently disclosed a jul 25 dividend, which was paid on Wednesday, July 30th. Stockholders of record on Friday, July 11th were given a $0.05 dividend. This represents a dividend yield of 980.0%. The ex-dividend date of this dividend was Friday, July 11th.

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.