Absolute Investment Advisers LLC Purchases New Shares in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)

Absolute Investment Advisers LLC acquired a new position in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,596,374 shares of the investment management company’s stock, valued at approximately $9,355,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Walleye Capital LLC purchased a new stake in Virtus Global Dividend & Income Fund in the third quarter worth $137,000. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Virtus Global Dividend & Income Fund by 9.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 34,388 shares of the investment management company’s stock valued at $188,000 after buying an additional 3,028 shares in the last quarter. Stifel Financial Corp grew its position in shares of Virtus Global Dividend & Income Fund by 33.7% in the 3rd quarter. Stifel Financial Corp now owns 871,539 shares of the investment management company’s stock worth $5,404,000 after buying an additional 219,609 shares during the period. Penserra Capital Management LLC bought a new position in shares of Virtus Global Dividend & Income Fund in the 3rd quarter worth about $10,857,000. Finally, Integrated Capital Management Inc. lifted its position in Virtus Global Dividend & Income Fund by 4.8% during the 3rd quarter. Integrated Capital Management Inc. now owns 42,523 shares of the investment management company’s stock valued at $264,000 after acquiring an additional 1,933 shares during the period. 47.14% of the stock is owned by hedge funds and other institutional investors.

Virtus Global Dividend & Income Fund Price Performance

NYSE:ZTR opened at $5.99 on Monday. Virtus Global Dividend & Income Fund Inc. has a one year low of $5.14 and a one year high of $6.26. The company’s 50-day simple moving average is $5.98 and its 200 day simple moving average is $5.94.

Virtus Global Dividend & Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, March 28th. Investors of record on Thursday, March 13th will be paid a $0.05 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.60 annualized dividend and a dividend yield of 10.01%.

Virtus Global Dividend & Income Fund Company 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.