Virtus Global Dividend & Income Fund (NYSE:ZTR) Share Price Crosses Below Two Hundred Day Moving Average of $5.25

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.25 and traded as low as $5.25. Virtus Global Dividend & Income Fund shares last traded at $5.26, with a volume of 302,490 shares changing hands.

Virtus Global Dividend & Income Fund Price Performance

The firm has a fifty day moving average of $5.37 and a 200-day moving average of $5.25.

Virtus Global Dividend & Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.60 annualized dividend and a yield of 11.33%.

Institutional Trading of Virtus Global Dividend & Income Fund

Several large investors have recently added to or reduced their stakes in ZTR. Mariner LLC acquired a new stake in Virtus Global Dividend & Income Fund in the 1st quarter valued at $212,000. Centaurus Financial Inc. increased its holdings in Virtus Global Dividend & Income Fund by 5.8% in the 1st quarter. Centaurus Financial Inc. now owns 1,113,093 shares of the investment management company’s stock valued at $10,864,000 after purchasing an additional 60,543 shares in the last quarter. UBS Group AG boosted its position in Virtus Global Dividend & Income Fund by 22.1% in the 1st quarter. UBS Group AG now owns 45,065 shares of the investment management company’s stock valued at $440,000 after buying an additional 8,144 shares during the last quarter. Guggenheim Capital LLC boosted its position in Virtus Global Dividend & Income Fund by 20.8% in the 1st quarter. Guggenheim Capital LLC now owns 453,615 shares of the investment management company’s stock valued at $4,427,000 after buying an additional 78,200 shares during the last quarter. Finally, Eudaimonia Partners LLC purchased a new position in Virtus Global Dividend & Income Fund in the 1st quarter valued at about $195,000. 47.14% of the stock is currently owned by institutional investors and hedge funds.

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.