Virtus Global Dividend & Income Fund (NYSE:ZTR) Stock Crosses Below 200-Day Moving Average of $5.25

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.25 and traded as low as $5.25. Virtus Global Dividend & Income Fund shares last traded at $5.26, with a volume of 302,490 shares.

Virtus Global Dividend & Income Fund Trading Down 1.4 %

The company has a fifty day moving average price of $5.36 and a 200-day moving average price of $5.25.

Virtus Global Dividend & Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.60 annualized dividend and a yield of 11.42%.

Institutional Trading of Virtus Global Dividend & Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of ZTR. Captrust Financial Advisors purchased a new stake in Virtus Global Dividend & Income Fund during the 2nd quarter valued at $26,000. Blue Bell Private Wealth Management LLC raised its holdings in Virtus Global Dividend & Income Fund by 298.4% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 7,967 shares of the investment management company’s stock valued at $38,000 after buying an additional 5,967 shares during the period. Creative Planning purchased a new stake in Virtus Global Dividend & Income Fund during the 4th quarter valued at $58,000. Saba Capital Management L.P. purchased a new stake in Virtus Global Dividend & Income Fund during the 3rd quarter valued at $64,000. Finally, Arete Wealth Advisors LLC purchased a new stake in Virtus Global Dividend & Income Fund in the first quarter worth $79,000. Hedge funds and other institutional investors own 47.14% of the company’s stock.

About Virtus Global Dividend & Income Fund

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.