Virtus Global Dividend & Income Fund (NYSE:ZTR) Stock Crosses Below 200-Day Moving Average of $5.25

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.25 and traded as low as $5.25. Virtus Global Dividend & Income Fund shares last traded at $5.26, with a volume of 302,490 shares traded.

Virtus Global Dividend & Income Fund Price Performance

The stock has a 50 day moving average price of $5.36 and a 200-day moving average price of $5.25.

Virtus Global Dividend & Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be paid a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.42%. The ex-dividend date of this dividend is Thursday, June 13th.

Institutional Trading of Virtus Global Dividend & Income Fund

Institutional investors have recently made changes to their positions in the company. Karpus Management Inc. boosted its stake in Virtus Global Dividend & Income Fund by 180.6% during the fourth quarter. Karpus Management Inc. now owns 2,353,707 shares of the investment management company’s stock worth $12,969,000 after buying an additional 1,515,022 shares during the last quarter. Morgan Stanley boosted its stake in Virtus Global Dividend & Income Fund by 3.4% during the fourth quarter. Morgan Stanley now owns 2,326,497 shares of the investment management company’s stock worth $15,239,000 after buying an additional 75,756 shares during the last quarter. Centaurus Financial Inc. boosted its stake in Virtus Global Dividend & Income Fund by 5.8% during the first quarter. Centaurus Financial Inc. now owns 1,113,093 shares of the investment management company’s stock worth $10,864,000 after buying an additional 60,543 shares during the last quarter. Bulldog Investors LLP boosted its stake in Virtus Global Dividend & Income Fund by 145.3% during the fourth quarter. Bulldog Investors LLP now owns 957,960 shares of the investment management company’s stock worth $5,248,000 after buying an additional 567,422 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in Virtus Global Dividend & Income Fund by 14.8% during the fourth quarter. Stifel Financial Corp now owns 701,559 shares of the investment management company’s stock worth $3,866,000 after buying an additional 90,270 shares during the last quarter. 47.14% of the stock is owned by institutional investors and hedge funds.

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.