Virtus Total Return Fund (NYSE:ZTR) Stock Price Breaks Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Virtus Total Return Fund shares rose above their 200-day moving average, reaching $6.70 before last trading at $6.6850, up 1.1% with 141,750 shares traded.
• The fund announced a monthly dividend of $0.055 per share, equivalent to $0.66 annually and a 9.9% dividend yield; the payment is scheduled for November 27 for shareholders of record November 12.
• Institutional interest has increased, with hedge funds and other institutions owning 47.14% of the shares; several major investors established or expanded positions during the first two quarters.

Virtus Total Return Fund Inc. (NYSE:ZTR - Get Free Report) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $6.65 and traded as high as $6.70. Virtus Total Return Fund shares last traded at $6.6850, with a volume of 141,750 shares trading hands.

Virtus Total Return Fund Trading Up 1.1%

The business's 50-day moving average price is $6.39 and its 200-day moving average price is $6.65.

Virtus Total Return Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 27th. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.0550 per share. The ex-dividend date is Thursday, November 12th. This represents a $0.66 annualized dividend and a dividend yield of 9.9%.

Hedge Funds Weigh In On Virtus Total Return Fund

A number of large investors have recently modified their holdings of the business. Saba Capital Management L.P. purchased a new stake in Virtus Total Return Fund in the 1st quarter valued at approximately $7,512,000. Capstone Investment Advisors LLC acquired a new stake in Virtus Total Return Fund during the 2nd quarter valued at $2,529,000. Bank of America Corp DE purchased a new position in Virtus Total Return Fund during the second quarter worth $1,756,000. Sculptor Capital LP purchased a new position in Virtus Total Return Fund during the second quarter worth $1,487,000. Finally, Ashton Thomas Securities LLC increased its position in Virtus Total Return Fund by 99.8% during the first quarter. Ashton Thomas Securities LLC now owns 226,800 shares of the investment management company's stock worth $1,501,000 after buying an additional 113,300 shares in the last quarter. 47.14% of the stock is owned by hedge funds and other institutional investors.

Virtus Total Return Fund Company Profile

Virtus Total Return Fund NYSE: ZTR is a diversified closed-end investment company. The fund seeks to provide shareholders with total return through a combination of current income and long-term capital appreciation.

The fund invests in a portfolio of equity and fixed-income securities. Its holdings may include common stocks, preferred stocks, convertible securities and debt securities, giving the portfolio exposure to both income-producing investments and companies with potential for capital appreciation.

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