Raymond James Financial Inc. Purchases New Position in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)

Raymond James Financial Inc. acquired a new position in shares of Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 151,133 shares of the investment management company's stock, valued at approximately $886,000.

A number of other institutional investors also recently made changes to their positions in ZTR. Commonwealth Equity Services LLC grew its stake in shares of Virtus Global Dividend & Income Fund by 4.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 50,758 shares of the investment management company's stock valued at $297,000 after acquiring an additional 2,375 shares in the last quarter. Arete Wealth Advisors LLC boosted its holdings in Virtus Global Dividend & Income Fund by 12.4% in the 4th quarter. Arete Wealth Advisors LLC now owns 41,304 shares of the investment management company's stock valued at $242,000 after purchasing an additional 4,565 shares during the period. Park Avenue Securities LLC grew its position in shares of Virtus Global Dividend & Income Fund by 2.0% during the 4th quarter. Park Avenue Securities LLC now owns 234,351 shares of the investment management company's stock worth $1,373,000 after purchasing an additional 4,602 shares in the last quarter. IFP Advisors Inc bought a new position in shares of Virtus Global Dividend & Income Fund during the fourth quarter worth approximately $29,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Virtus Global Dividend & Income Fund in the fourth quarter valued at approximately $60,000. Institutional investors own 47.14% of the company's stock.

Virtus Global Dividend & Income Fund Stock Up 0.2 %

Shares of NYSE ZTR opened at $6.09 on Tuesday. Virtus Global Dividend & Income Fund Inc. has a fifty-two week low of $5.22 and a fifty-two week high of $6.26. The business has a fifty day moving average price of $5.84 and a two-hundred day moving average price of $5.91.

Virtus Global Dividend & Income Fund Announces Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, May 29th. Shareholders of record on Tuesday, May 13th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a yield of 9.85%.

Virtus Global Dividend & Income Fund Company 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.

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