Raymond James & Associates Has $328,000 Holdings in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)

Raymond James & Associates cut its position in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) by 33.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,533 shares of the investment management company’s stock after selling 30,123 shares during the quarter. Raymond James & Associates owned approximately 0.12% of Virtus Global Dividend & Income Fund worth $328,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Landscape Capital Management L.L.C. grew its stake in Virtus Global Dividend & Income Fund by 286.5% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 299,379 shares of the investment management company’s stock valued at $1,437,000 after buying an additional 221,928 shares during the last quarter. Stifel Financial Corp grew its position in Virtus Global Dividend & Income Fund by 1,432.1% in the 3rd quarter. Stifel Financial Corp now owns 611,289 shares of the investment management company’s stock worth $2,934,000 after purchasing an additional 571,391 shares during the last quarter. Alpine Global Management LLC grew its position in Virtus Global Dividend & Income Fund by 1,194.1% in the 3rd quarter. Alpine Global Management LLC now owns 338,222 shares of the investment management company’s stock worth $1,623,000 after purchasing an additional 312,086 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in Virtus Global Dividend & Income Fund in the 3rd quarter worth $1,035,000. Finally, PNC Financial Services Group Inc. grew its position in Virtus Global Dividend & Income Fund by 1,380.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 33,750 shares of the investment management company’s stock worth $162,000 after purchasing an additional 31,470 shares during the last quarter. 47.14% of the stock is currently owned by institutional investors and hedge funds.

Virtus Global Dividend & Income Fund Stock Performance

NYSE ZTR opened at $5.39 on Monday. The company’s fifty day moving average is $5.38 and its two-hundred day moving average is $5.29. Virtus Global Dividend & Income Fund Inc. has a 52-week low of $4.50 and a 52-week high of $6.60.

Virtus Global Dividend & Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th will be given a $0.05 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.60 annualized dividend and a yield of 11.13%.

Virtus Global Dividend & Income Fund 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.