Virtus Total Return Fund Inc. (NYSE:ZTR) Plans $0.05 Monthly Dividend

Key Points

• Virtus Total Return Fund (NYSE:ZTR) declared a monthly dividend of $0.05 per share, payable May 28 to shareholders of record on May 11 (ex-dividend date May 11), implying an annualized yield of about 8.6%.
• Shares recently traded near $6.98 (50-day MA $6.56, 200-day MA $6.46) with a 52-week range of $5.22–$7.11, making the fund’s cash yield sizable relative to its current price.
• About 47.1% of the stock is owned by institutional investors, and several hedge funds and advisors have recently raised or initiated positions, signaling institutional interest.

Virtus Total Return Fund Inc. (NYSE:ZTR - Get Free Report) announced a monthly dividend on Wednesday, March 4th. Investors of record on Monday, May 11th will be given a dividend of 0.05 per share by the investment management company on Thursday, May 28th. This represents a c) annualized dividend and a yield of 8.6%. The ex-dividend date is Monday, May 11th.

Virtus Total Return Fund Price Performance

Shares of NYSE ZTR opened at $6.98 on Thursday. The business's 50 day moving average is $6.56 and its two-hundred day moving average is $6.46. Virtus Total Return Fund has a 52-week low of $5.22 and a 52-week high of $7.11.

Institutional Investors Weigh In On Virtus Total Return Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC lifted its holdings in Virtus Total Return Fund by 854.9% during the 4th quarter. CWM LLC now owns 7,582 shares of the investment management company's stock worth $48,000 after buying an additional 6,788 shares during the last quarter. HRT Financial LP purchased a new position in shares of Virtus Total Return Fund in the 4th quarter valued at about $63,000. Closed End Fund Advisors Inc. acquired a new stake in shares of Virtus Total Return Fund during the 4th quarter worth about $66,000. Wedbush Securities Inc. acquired a new stake in shares of Virtus Total Return Fund during the 2nd quarter worth about $107,000. Finally, Tactive Advisors LLC purchased a new stake in Virtus Total Return Fund during the second quarter worth approximately $131,000. 47.14% of the stock is currently owned by institutional investors and hedge funds.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.