Virtus Total Return Fund Inc. to Issue Monthly Dividend of $0.05 (NYSE:ZTR)

Key Points

• Dividend: Virtus Total Return Fund (NYSE: ZTR) declared a monthly dividend of $0.05 per share, payable April 29 to shareholders of record on April 13, implying an annualized yield of about 8.6%.
• Institutional activity: About 47.14% of ZTR is institutionally owned, with Gridiron Partners boosting its stake by 7,620.7% to 1,442,455 shares (~$9.3M) and other firms like Guggenheim and North Ground also increasing holdings.
• Price snapshot: ZTR recently traded near $6.98, with a one‑year range of $5.22–$7.11 and 50/200‑day moving averages around $6.56 and $6.46, respectively.

Virtus Total Return Fund Inc. (NYSE:ZTR - Get Free Report) announced a monthly dividend on Wednesday, March 4th. Shareholders of record on Monday, April 13th will be given a dividend of 0.05 per share by the investment management company on Wednesday, April 29th. This represents a c) dividend on an annualized basis and a yield of 8.6%. The ex-dividend date of this dividend is Monday, April 13th.

Virtus Total Return Fund Price Performance

Shares of ZTR opened at $6.98 on Thursday. Virtus Total Return Fund has a 1 year low of $5.22 and a 1 year high of $7.11. The firm has a fifty day moving average of $6.56 and a 200-day moving average of $6.46.

Hedge Funds Weigh In On Virtus Total Return Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZTR. Gridiron Partners LLC raised its stake in Virtus Total Return Fund by 7,620.7% during the 3rd quarter. Gridiron Partners LLC now owns 1,442,455 shares of the investment management company's stock valued at $9,304,000 after acquiring an additional 1,423,772 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in Virtus Total Return Fund by 2.0% in the fourth quarter. Guggenheim Capital LLC now owns 1,246,096 shares of the investment management company's stock worth $7,850,000 after purchasing an additional 24,583 shares during the period. North Ground Capital lifted its holdings in Virtus Total Return Fund by 121.5% in the third quarter. North Ground Capital now owns 1,197,000 shares of the investment management company's stock worth $7,721,000 after purchasing an additional 656,500 shares during the period. Penserra Capital Management LLC grew its position in Virtus Total Return Fund by 5.3% in the 3rd quarter. Penserra Capital Management LLC now owns 837,287 shares of the investment management company's stock valued at $5,400,000 after buying an additional 42,393 shares in the last quarter. Finally, Yakira Capital Management Inc. lifted its stake in shares of Virtus Total Return Fund by 0.5% in the 3rd quarter. Yakira Capital Management Inc. now owns 682,714 shares of the investment management company's stock worth $4,404,000 after acquiring an additional 3,530 shares during the period. 47.14% of the stock is owned by 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).

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.