Virtus Global Dividend & Income Fund (NYSE:ZTR) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.97 and traded as low as $5.88. Virtus Global Dividend & Income Fund shares last traded at $5.91, with a volume of 154,069 shares changing hands.

Virtus Global Dividend & Income Fund Stock Up 0.3 %

The company’s 50 day moving average price is $5.89 and its 200 day moving average price is $5.97.

Virtus Global Dividend & Income Fund Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, April 11th will be given a $0.05 dividend. The ex-dividend date is Friday, April 11th.

Institutional Trading of Virtus Global Dividend & Income Fund

Several hedge funds have recently modified their holdings of the company. Absolute Investment Advisers LLC acquired a new position in shares of Virtus Global Dividend & Income Fund in the 4th quarter worth approximately $9,355,000. Sit Investment Associates Inc. acquired a new position in Virtus Global Dividend & Income Fund in the fourth quarter worth $4,963,000. Quarry LP grew its holdings in shares of Virtus Global Dividend & Income Fund by 266.9% during the fourth quarter. Quarry LP now owns 766,435 shares of the investment management company’s stock worth $4,491,000 after purchasing an additional 557,522 shares during the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of Virtus Global Dividend & Income Fund in the third quarter valued at $2,774,000. Finally, Guggenheim Capital LLC raised its holdings in shares of Virtus Global Dividend & Income Fund by 33.1% in the fourth quarter. Guggenheim Capital LLC now owns 947,533 shares of the investment management company’s stock valued at $5,553,000 after buying an additional 235,804 shares during the last quarter. Institutional investors and hedge funds own 47.14% of the company’s stock.

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.