IFP Advisors Inc Takes $29,000 Position in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)

IFP Advisors Inc purchased a new stake in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) in the fourth quarter, HoldingsChannel reports. The firm purchased 5,000 shares of the investment management company’s stock, valued at approximately $29,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Truist Financial Corp acquired a new position in shares of Virtus Global Dividend & Income Fund in the 4th quarter valued at approximately $168,000. Absolute Investment Advisers LLC acquired a new position in shares of Virtus Global Dividend & Income Fund in the 4th quarter valued at approximately $9,355,000. Park Avenue Securities LLC grew its position in shares of Virtus Global Dividend & Income Fund by 2.0% in the 4th quarter. Park Avenue Securities LLC now owns 234,351 shares of the investment management company’s stock valued at $1,373,000 after purchasing an additional 4,602 shares during the period. 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 valued at $5,404,000 after purchasing an additional 219,609 shares during the period. Finally, Quarry LP grew its position in shares of Virtus Global Dividend & Income Fund by 47.1% in the 3rd quarter. Quarry LP now owns 208,913 shares of the investment management company’s stock valued at $1,295,000 after purchasing an additional 66,887 shares during the period. 47.14% of the stock is owned by institutional investors.

Virtus Global Dividend & Income Fund Trading Up 1.0 %

Shares of ZTR opened at $5.84 on Friday. The stock has a 50 day simple moving average of $5.89 and a 200 day simple moving average of $5.97. Virtus Global Dividend & Income Fund Inc. has a 52-week low of $5.25 and a 52-week high of $6.26.

Virtus Global Dividend & Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a yield of 10.28%. The ex-dividend date of this dividend is Thursday, June 12th.

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.