Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.96 and traded as low as $5.82. Virtus Global Dividend & Income Fund shares last traded at $5.84, with a volume of 158,672 shares changing hands.
Virtus Global Dividend & Income Fund Price Performance
The firm has a fifty day moving average of $5.90 and a 200 day moving average of $5.96.
Institutional Investors Weigh In On Virtus Global Dividend & Income Fund
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Walleye Capital LLC acquired a new stake in shares of Virtus Global Dividend & Income Fund in the third quarter valued at approximately $137,000. Stifel Financial Corp increased its holdings in shares of Virtus Global Dividend & Income Fund by 33.7% in the third quarter. Stifel Financial Corp now owns 871,539 shares of the investment management company’s stock valued at $5,404,000 after purchasing an additional 219,609 shares during the last quarter. Absolute Investment Advisers LLC acquired a new stake in Virtus Global Dividend & Income Fund during the fourth quarter worth $9,355,000. Penserra Capital Management LLC acquired a new stake in Virtus Global Dividend & Income Fund during the third quarter worth $10,857,000. Finally, Wolverine Asset Management LLC acquired a new stake in Virtus Global Dividend & Income Fund during the third quarter worth $170,000. Institutional investors and hedge funds own 47.14% of the company’s stock.
About Virtus Global Dividend & Income Fund
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.
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