Virtus Total Return Fund Inc. $ZTR Shares Sold by Absolute Investment Advisers LLC

Absolute Investment Advisers LLC lessened its stake in Virtus Total Return Fund Inc. (NYSE:ZTR) by 59.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 279,486 shares of the investment management company’s stock after selling 406,733 shares during the quarter. Absolute Investment Advisers LLC’s holdings in Virtus Total Return Fund were worth $1,850,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. CWM LLC boosted its holdings in shares of Virtus Total Return Fund by 854.9% during the 4th quarter. CWM LLC now owns 7,582 shares of the investment management company’s stock worth $48,000 after purchasing an additional 6,788 shares during the last quarter. HRT Financial LP acquired a new stake in shares of Virtus Total Return Fund during the 4th quarter worth about $63,000. Bayban purchased a new stake in Virtus Total Return Fund in the 4th quarter valued at about $65,000. Closed End Fund Advisors Inc. acquired a new stake in shares of Virtus Total Return Fund during the fourth quarter valued at about $66,000. Finally, MML Investors Services LLC raised its stake in shares of Virtus Total Return Fund by 9.5% in the 4th quarter. MML Investors Services LLC now owns 25,323 shares of the investment management company’s stock valued at $160,000 after acquiring 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 Trading Up 0.1%

Virtus Total Return Fund stock opened at $6.79 on Monday. Virtus Total Return Fund Inc. has a fifty-two week low of $6.07 and a fifty-two week high of $7.11. The firm has a 50 day moving average price of $6.74 and a 200 day moving average price of $6.64.

Virtus Total Return Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Stockholders of record on Thursday, August 13th will be paid a $0.055 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%.

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).