Saba Capital Management L.P. lessened its position in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR - Free Report) by 11.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 608,509 shares of the investment management company's stock after selling 76,469 shares during the period. Saba Capital Management L.P.'s holdings in Virtus Global Dividend & Income Fund were worth $3,566,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Absolute Investment Advisers LLC acquired a new stake in shares of Virtus Global Dividend & Income Fund in the fourth quarter valued at approximately $9,355,000. Sit Investment Associates Inc. bought a new position in Virtus Global Dividend & Income Fund in the 4th quarter worth approximately $4,963,000. Quarry LP grew its holdings in Virtus Global Dividend & Income Fund by 266.9% in the 4th quarter. Quarry LP now owns 766,435 shares of the investment management company's stock worth $4,491,000 after buying an additional 557,522 shares in the last quarter. Capstone Investment Advisors LLC increased its position in Virtus Global Dividend & Income Fund by 89.8% in the 4th quarter. Capstone Investment Advisors LLC now owns 849,307 shares of the investment management company's stock valued at $4,977,000 after acquiring an additional 401,929 shares during the period. Finally, Guggenheim Capital LLC raised its stake in Virtus Global Dividend & Income Fund by 33.1% during the 4th quarter. Guggenheim Capital LLC now owns 947,533 shares of the investment management company's stock valued at $5,553,000 after acquiring an additional 235,804 shares in the last quarter. 47.14% of the stock is currently owned by institutional investors.
Virtus Global Dividend & Income Fund Trading Down 0.9%
Shares of NYSE:ZTR traded down $0.06 on Thursday, hitting $6.10. The company's stock had a trading volume of 68,582 shares, compared to its average volume of 253,116. Virtus Global Dividend & Income Fund Inc. has a 12 month low of $5.22 and a 12 month high of $6.26. The stock's 50-day moving average is $5.90 and its two-hundred day moving average is $5.92.
Virtus Global Dividend & Income Fund Announces Dividend
The business also recently disclosed a dividend, which will be paid on Thursday, May 29th. Investors of record on Tuesday, May 13th will be issued a $0.05 dividend. This represents a yield of 9.85%. The ex-dividend date is Monday, May 12th.
About Virtus Global Dividend & Income Fund
(
Free Report)
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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