Virtus Total Return Fund (NYSE:ZTR) Stock Passes Above 50-Day Moving Average - Here's What Happened

Shares of Virtus Total Return Fund Inc. (NYSE:ZTR - Get Free Report) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $6.10 and traded as high as $6.27. Virtus Total Return Fund shares last traded at $6.26, with a volume of 245,676 shares.

Virtus Total Return Fund Trading Down 0.2%

The stock has a fifty day simple moving average of $6.10 and a 200 day simple moving average of $5.94.

Virtus Total Return Fund Dividend Announcement

The firm also recently declared a jul 25 dividend, which will be paid on Wednesday, July 30th. Investors of record on Friday, July 11th will be issued a $0.05 dividend. The ex-dividend date is Friday, July 11th. This represents a yield of 9.8%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc bought a new stake in shares of Virtus Total Return Fund in the 4th quarter worth about $29,000. Truist Financial Corp purchased a new position in Virtus Total Return Fund in the fourth quarter worth about $168,000. Raymond James Financial Inc. bought a new stake in Virtus Total Return Fund during the fourth quarter worth approximately $886,000. Capstone Investment Advisors LLC raised its position in Virtus Total Return Fund by 89.8% during the fourth quarter. Capstone Investment Advisors LLC now owns 849,307 shares of the investment management company's stock valued at $4,977,000 after purchasing an additional 401,929 shares during the period. Finally, Jane Street Group LLC purchased a new stake in Virtus Total Return Fund during the fourth quarter valued at approximately $76,000. Institutional investors own 47.14% of the company's stock.

Virtus Total Return 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.