Alpine Global Management LLC Sells 521,789 Shares of Virtus Total Return Fund Inc. $ZTR

Alpine Global Management LLC cut its position in Virtus Total Return Fund Inc. (NYSE:ZTR) by 82.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 108,211 shares of the investment management company’s stock after selling 521,789 shares during the quarter. Alpine Global Management LLC’s holdings in Virtus Total Return Fund were worth $682,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Oxford Asset Management LLP acquired a new stake in shares of Virtus Total Return Fund in the fourth quarter valued at about $415,000. Osaic Holdings Inc. lifted its stake in shares of Virtus Total Return Fund by 150.8% in the second quarter. Osaic Holdings Inc. now owns 65,798 shares of the investment management company’s stock worth $410,000 after acquiring an additional 39,567 shares during the period. Royal Bank of Canada boosted its holdings in Virtus Total Return Fund by 11.1% in the fourth quarter. Royal Bank of Canada now owns 56,031 shares of the investment management company’s stock valued at $353,000 after acquiring an additional 5,615 shares during the last quarter. Readystate Asset Management LP boosted its holdings in Virtus Total Return Fund by 8.0% in the fourth quarter. Readystate Asset Management LP now owns 28,873 shares of the investment management company’s stock valued at $182,000 after acquiring an additional 2,136 shares during the last quarter. Finally, MML Investors Services LLC increased its position in Virtus Total Return Fund by 9.5% during the 4th quarter. MML Investors Services LLC now owns 25,323 shares of the investment management company’s stock valued at $160,000 after purchasing an additional 2,201 shares during the period. 47.14% of the stock is currently owned by institutional investors and hedge funds.

Virtus Total Return Fund Stock Up 0.5%

NYSE:ZTR opened at $6.71 on Friday. The firm’s fifty day moving average is $6.75 and its 200-day moving average is $6.63. Virtus Total Return Fund Inc. has a 52 week low of $6.00 and a 52 week high of $7.11.

Virtus Total Return Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, August 28th. Investors of record on Thursday, August 13th will be paid a dividend of $0.055 per share. This represents a c) dividend on an annualized basis and a yield of 9.8%. The ex-dividend date of this dividend is Thursday, August 13th.

Virtus Total Return Fund 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).