Virtus Total Return Fund (NYSE:ZTR) Shares Pass Above 50 Day Moving Average – Time to Sell?

Virtus Total Return Fund Inc. (NYSE:ZTR)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $6.34 and traded as high as $6.42. Virtus Total Return Fund shares last traded at $6.3950, with a volume of 191,525 shares changing hands.

Virtus Total Return Fund Stock Performance

The stock’s 50 day simple moving average is $6.34 and its 200-day simple moving average is $6.35.

Virtus Total Return Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 26th. Investors of record on Thursday, February 12th will be paid a dividend of $0.05 per share. This represents a c) annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend is Thursday, February 12th.

Hedge Funds Weigh In On Virtus Total Return Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Concurrent Investment Advisors LLC increased its position in shares of Virtus Total Return Fund by 18.6% during the second quarter. Concurrent Investment Advisors LLC now owns 12,092 shares of the investment management company’s stock worth $75,000 after acquiring an additional 1,900 shares during the period. Yakira Capital Management Inc. grew its stake in Virtus Total Return Fund by 0.5% during the 3rd quarter. Yakira Capital Management Inc. now owns 682,714 shares of the investment management company’s stock worth $4,404,000 after purchasing an additional 3,530 shares in the last quarter. Integrated Capital Management Inc. grew its stake in Virtus Total Return Fund by 9.3% during the 4th quarter. Integrated Capital Management Inc. now owns 43,477 shares of the investment management company’s stock worth $274,000 after purchasing an additional 3,684 shares in the last quarter. Ashton Thomas Securities LLC increased its holdings in Virtus Total Return Fund by 4.8% during the 3rd quarter. Ashton Thomas Securities LLC now owns 109,500 shares of the investment management company’s stock worth $674,000 after purchasing an additional 5,000 shares during the period. Finally, CWM LLC raised its position in Virtus Total Return Fund by 854.9% in the 4th quarter. CWM LLC now owns 7,582 shares of the investment management company’s stock valued at $48,000 after purchasing an additional 6,788 shares in the last quarter. Hedge funds and other institutional investors own 47.14% of the company’s stock.

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).