SeaCrest Wealth Management LLC Acquires 4,640 Shares of Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)

SeaCrest Wealth Management LLC raised its position in shares of Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) by 8.4% in the first quarter, HoldingsChannel reports. The firm owned 59,755 shares of the investment management company’s stock after buying an additional 4,640 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Virtus Global Dividend & Income Fund were worth $333,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in ZTR. Blue Bell Private Wealth Management LLC grew its stake in shares of Virtus Global Dividend & Income Fund by 40.3% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 11,180 shares of the investment management company’s stock valued at $62,000 after purchasing an additional 3,213 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in shares of Virtus Global Dividend & Income Fund by 22.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 31,360 shares of the investment management company’s stock valued at $151,000 after purchasing an additional 5,688 shares during the period. Gridiron Partners LLC bought a new stake in shares of Virtus Global Dividend & Income Fund during the 4th quarter valued at about $156,000. PNC Financial Services Group Inc. grew its stake in shares of Virtus Global Dividend & Income Fund by 1,380.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 33,750 shares of the investment management company’s stock valued at $162,000 after purchasing an additional 31,470 shares during the period. Finally, Integrated Capital Management Inc. grew its stake in shares of Virtus Global Dividend & Income Fund by 6.3% during the 4th quarter. Integrated Capital Management Inc. now owns 36,605 shares of the investment management company’s stock valued at $202,000 after purchasing an additional 2,154 shares during the period. 47.14% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO William Patrick Bradley III acquired 5,000 shares of the stock in a transaction dated Monday, May 20th. The shares were purchased at an average cost of $5.47 per share, with a total value of $27,350.00. Following the transaction, the chief financial officer now directly owns 9,043 shares in the company, valued at $49,465.21. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.65% of the company’s stock.

Virtus Global Dividend & Income Fund Stock Performance

Virtus Global Dividend & Income Fund stock opened at $5.44 on Thursday. The business has a 50-day simple moving average of $5.41 and a two-hundred day simple moving average of $5.39. Virtus Global Dividend & Income Fund Inc. has a 52-week low of $4.50 and a 52-week high of $6.27.

Virtus Global Dividend & Income Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 30th. Stockholders of record on Thursday, July 11th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.04%.

Virtus Global Dividend & Income Fund 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.