Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Shares of Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.78 and traded as low as $12.15. Virtus Dividend, Interest & Premium Strategy Fund shares last traded at $12.22, with a volume of 187,867 shares trading hands.

Virtus Dividend, Interest & Premium Strategy Fund Stock Up 0.7 %

The stock’s fifty day simple moving average is $12.70 and its 200 day simple moving average is $12.78.

Virtus Dividend, Interest & Premium Strategy Fund Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, June 12th will be given a $0.305 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $1.22 dividend on an annualized basis and a yield of 9.99%.

Institutional Trading of Virtus Dividend, Interest & Premium Strategy Fund

Several hedge funds have recently made changes to their positions in NFJ. Integrated Capital Management Inc. grew its position in shares of Virtus Dividend, Interest & Premium Strategy Fund by 3.4% during the fourth quarter. Integrated Capital Management Inc. now owns 24,405 shares of the investment management company’s stock worth $308,000 after buying an additional 813 shares in the last quarter. Choreo LLC grew its holdings in Virtus Dividend, Interest & Premium Strategy Fund by 1.0% during the 4th quarter. Choreo LLC now owns 93,008 shares of the investment management company’s stock worth $1,178,000 after acquiring an additional 956 shares in the last quarter. Mariner LLC increased its position in shares of Virtus Dividend, Interest & Premium Strategy Fund by 1.9% in the 4th quarter. Mariner LLC now owns 58,159 shares of the investment management company’s stock valued at $735,000 after purchasing an additional 1,094 shares during the last quarter. Stephens Inc. AR raised its holdings in shares of Virtus Dividend, Interest & Premium Strategy Fund by 3.4% in the 4th quarter. Stephens Inc. AR now owns 34,783 shares of the investment management company’s stock valued at $439,000 after purchasing an additional 1,135 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Virtus Dividend, Interest & Premium Strategy Fund by 9.7% during the 4th quarter. Private Advisor Group LLC now owns 17,032 shares of the investment management company’s stock worth $215,000 after purchasing an additional 1,510 shares during the last quarter.

About Virtus Dividend, Interest & Premium Strategy Fund

AllianzGI NFJ Dividend, Interest & Premium Strategy Fund is a closed ended equity mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC and NFJ Investment Group LLC. It invests in public equity markets of the United States.