Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund Announces Monthly Dividend of $0.15 (NYSE:AIO)

Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE:AIOGet Rating) announced a monthly dividend on Friday, June 10th, Wall Street Journal reports. Investors of record on Monday, September 12th will be paid a dividend of 0.15 per share on Monday, October 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 10.43%. The ex-dividend date of this dividend is Friday, September 9th.

Shares of AIO stock traded down $0.57 during mid-day trading on Friday, hitting $17.25. The stock had a trading volume of 114,645 shares, compared to its average volume of 128,214. Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund has a fifty-two week low of $16.66 and a fifty-two week high of $28.67. The company’s 50-day simple moving average is $19.05 and its 200-day simple moving average is $22.08.

Several hedge funds have recently added to or reduced their stakes in AIO. Advisors Asset Management Inc. lifted its stake in shares of Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund by 39.5% in the 1st quarter. Advisors Asset Management Inc. now owns 267,380 shares of the company’s stock worth $5,845,000 after acquiring an additional 75,695 shares during the period. Royal Bank of Canada lifted its stake in shares of Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund by 16.9% in the 1st quarter. Royal Bank of Canada now owns 262,242 shares of the company’s stock worth $5,732,000 after acquiring an additional 37,935 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund by 21.3% in the 4th quarter. Parametric Portfolio Associates LLC now owns 216,305 shares of the company’s stock worth $5,362,000 after acquiring an additional 37,921 shares during the period. UBS Group AG lifted its stake in shares of Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund by 7.1% in the 1st quarter. UBS Group AG now owns 536,183 shares of the company’s stock worth $11,721,000 after acquiring an additional 35,686 shares during the period. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund in the 1st quarter worth $648,000.

About Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (Get Rating)

The Fund seeks to generate a stable income stream and growth of capital by focusing on one of the most significant long-term secular growth opportunities in markets today. A multi-asset approach based on fundamental research is employed, dynamically allocating to attractive segments of a company’s debt and equity in order to offer an attractive risk/reward profile.

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Dividend History for Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO)

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