Virtus Total Return Fund (NYSE:ZTR) Stock Price Crosses Below 200-Day Moving Average - Here's What Happened

Key Points

• ZTR shares fell below their 200-day moving average of $6.78, reaching an intraday low of $6.60 before last trading at $6.6310 on volume of 94,718 shares.
• The fund announced a monthly dividend of $0.055 per share, payable November 27 to shareholders of record November 12, representing an annualized yield of about 10.0%.
• Institutional ownership stands at 47.14%, with several investors—including Invesco, Walleye Capital, Bank of America and Osaic Holdings—raising their positions during the second quarter.

Virtus Total Return Fund Inc. (NYSE:ZTR - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.78 and traded as low as $6.60. Virtus Total Return Fund shares last traded at $6.6310, with a volume of 94,718 shares trading hands.

Virtus Total Return Fund Stock Performance

The company's fifty day moving average is $6.78 and its 200-day moving average is $6.78.

Virtus Total Return Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 27th. Shareholders of record on Thursday, November 12th will be issued a dividend of $0.055 per share. The ex-dividend date is Thursday, November 12th. This represents a c) dividend on an annualized basis and a yield of 10.0%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Invesco Ltd. lifted its stake in shares of Virtus Total Return Fund by 74.9% during the 2nd quarter. Invesco Ltd. now owns 71,282 shares of the investment management company's stock worth $444,000 after purchasing an additional 30,517 shares during the last quarter. Walleye Capital LLC grew its stake in Virtus Total Return Fund by 85.1% in the second quarter. Walleye Capital LLC now owns 73,618 shares of the investment management company's stock valued at $459,000 after purchasing an additional 33,844 shares during the last quarter. Bank of America Corp DE raised its holdings in Virtus Total Return Fund by 33.9% in the second quarter. Bank of America Corp DE now owns 338,441 shares of the investment management company's stock worth $2,108,000 after purchasing an additional 85,767 shares in the last quarter. Sculptor Capital LP raised its holdings in Virtus Total Return Fund by 9.8% in the second quarter. Sculptor Capital LP now owns 346,864 shares of the investment management company's stock worth $2,161,000 after purchasing an additional 30,833 shares in the last quarter. Finally, Osaic Holdings Inc. raised its holdings in Virtus Total Return Fund by 150.8% in the second quarter. Osaic Holdings Inc. now owns 65,798 shares of the investment management company's stock worth $410,000 after purchasing an additional 39,567 shares in the last quarter. 47.14% of the stock is currently owned by hedge funds and other institutional investors.

About Virtus Total Return Fund

Virtus Total Return Fund, Inc NYSE: ZTR is a closed-end management investment company that seeks to provide investors with high total return with moderate income. The fund, which began operations in 2005, trades on the New York Stock Exchange and is sponsored by Virtus Investment Partners. ZTR offers investors access to a diversified mix of fixed-income and equity opportunities within a single vehicle.

To pursue its stated objective, the fund typically allocates across a broad range of asset classes, including corporate debt securities, high-yield bonds, convertible securities, preferred stocks, common stocks and real estate investment trusts (REITs).

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