Virtus Total Return Fund (NYSE:ZTR) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Virtus Total Return Fund Inc. (NYSE:ZTR)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.61 and traded as low as $6.57. Virtus Total Return Fund shares last traded at $6.5950, with a volume of 173,305 shares traded.

Virtus Total Return Fund Stock Performance

The stock’s 50-day moving average is $6.74 and its two-hundred day moving average is $6.61.

Virtus Total Return Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 11th were given a dividend of $0.05 per share. The ex-dividend date was Monday, May 11th. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%.

Hedge Funds Weigh In On Virtus Total Return Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ashton Thomas Securities LLC raised its stake in Virtus Total Return Fund by 99.8% during the first quarter. Ashton Thomas Securities LLC now owns 226,800 shares of the investment management company’s stock valued at $1,501,000 after purchasing an additional 113,300 shares in the last quarter. Royal Bank of Canada raised its stake in Virtus Total Return Fund by 7.0% during the first quarter. Royal Bank of Canada now owns 59,951 shares of the investment management company’s stock valued at $397,000 after purchasing an additional 3,920 shares in the last quarter. Saba Capital Management L.P. purchased a new stake in Virtus Total Return Fund during the first quarter valued at $7,512,000. Kestra Advisory Services LLC raised its stake in Virtus Total Return Fund by 29.5% during the first quarter. Kestra Advisory Services LLC now owns 36,447 shares of the investment management company’s stock valued at $241,000 after purchasing an additional 8,309 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in Virtus Total Return Fund by 4.2% during the first quarter. Private Advisor Group LLC now owns 351,813 shares of the investment management company’s stock valued at $2,329,000 after purchasing an additional 14,238 shares in the last quarter. Institutional investors own 47.14% of the company’s stock.

Virtus Total Return Fund Company Profile

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).