Virtus Total Return Fund (NYSE:ZTR) Stock Crosses Below 200-Day Moving Average - Time to Sell?

Key Points

• Virtus Total Return Fund shares fell below their 200-day moving average, trading as low as $6.25 and last changing hands at $6.26, down 1.3%. The 50-day and 200-day averages were $6.72 and $6.75, respectively.
• The fund declared a monthly dividend of $0.055 per share, payable November 27 to shareholders of record November 12, implying an annualized yield of approximately 10.5%.
• Institutional investors increased their positions, and they collectively own 47.14% of the fund. Virtus Total Return Fund invests in diversified equity and fixed-income securities to generate income and capital appreciation.

Virtus Total Return Fund Inc. (NYSE:ZTR - Get Free Report) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.75 and traded as low as $6.25. Virtus Total Return Fund shares last traded at $6.26, with a volume of 73,000 shares changing hands.

Virtus Total Return Fund Trading Down 1.3%

The business has a 50-day moving average price of $6.72 and a 200-day moving average price of $6.75.

Virtus Total Return Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 27th. Shareholders of record on Thursday, November 12th will be issued a $0.055 dividend. This represents a c) annualized dividend and a yield of 10.5%. The ex-dividend date of this dividend is Thursday, November 12th.

Hedge Funds Weigh In On Virtus Total Return Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. CoreCap Advisors LLC increased its stake in Virtus Total Return Fund by 11.2% in the second quarter. CoreCap Advisors LLC now owns 26,367 shares of the investment management company's stock valued at $180,000 after acquiring an additional 2,648 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in Virtus Total Return Fund by 21.9% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 16,578 shares of the investment management company's stock worth $113,000 after purchasing an additional 2,982 shares during the period. Royal Bank of Canada lifted its stake in Virtus Total Return Fund by 7.0% during the first quarter. Royal Bank of Canada now owns 59,951 shares of the investment management company's stock worth $397,000 after purchasing an additional 3,920 shares during the period. Kestra Advisory Services LLC boosted its holdings in Virtus Total Return Fund by 29.5% during the first quarter. Kestra Advisory Services LLC now owns 36,447 shares of the investment management company's stock valued at $241,000 after purchasing an additional 8,309 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its holdings in Virtus Total Return Fund by 85.4% during the second quarter. Concurrent Investment Advisors LLC now owns 22,341 shares of the investment management company's stock valued at $153,000 after purchasing an additional 10,291 shares in the last quarter. 47.14% of the stock is owned by institutional investors.

About Virtus Total Return Fund

Virtus Total Return Fund NYSE: ZTR is a diversified closed-end investment company designed to provide investors with total return through a combination of current income and capital appreciation. The fund invests in a portfolio of equity and fixed-income securities, with allocations that may change in response to market conditions and the portfolio management team's outlook.

The fund may invest across multiple industries and geographic markets, including U.S. and international securities.

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