Virtus Global Dividend & Income Fund (NYSE:ZTR) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.97 and traded as low as $5.85. Virtus Global Dividend & Income Fund shares last traded at $5.91, with a volume of 215,037 shares.

Virtus Global Dividend & Income Fund Trading Up 0.9 %

The firm has a fifty day moving average price of $5.88 and a 200-day moving average price of $5.97.

Virtus Global Dividend & Income Fund Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, April 11th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Penserra Capital Management LLC purchased a new position in Virtus Global Dividend & Income Fund in the third quarter valued at about $10,857,000. Absolute Investment Advisers LLC acquired a new position in Virtus Global Dividend & Income Fund in the fourth quarter worth about $9,355,000. Yakira Capital Management Inc. boosted its stake in Virtus Global Dividend & Income Fund by 3.2% in the fourth quarter. Yakira Capital Management Inc. now owns 1,182,731 shares of the investment management company’s stock valued at $6,931,000 after acquiring an additional 36,170 shares during the period. LPL Financial LLC boosted its stake in Virtus Global Dividend & Income Fund by 22.7% in the fourth quarter. LPL Financial LLC now owns 1,113,398 shares of the investment management company’s stock valued at $6,525,000 after acquiring an additional 206,237 shares during the period. Finally, Stifel Financial Corp boosted its stake in Virtus Global Dividend & Income Fund by 11.0% in the fourth quarter. Stifel Financial Corp now owns 967,838 shares of the investment management company’s stock valued at $5,672,000 after acquiring an additional 96,299 shares during the period. 47.14% of the stock is owned by hedge funds and other institutional investors.

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.