J.W. Cole Advisors Inc. Makes New $198,000 Investment in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)

J.W. Cole Advisors Inc. purchased a new position in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTRFree Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 35,516 shares of the investment management company’s stock, valued at approximately $198,000.

A number of other hedge funds also recently modified their holdings of the stock. Integrated Capital Management Inc. raised its holdings in shares of Virtus Global Dividend & Income Fund by 5.7% in the 1st quarter. Integrated Capital Management Inc. now owns 38,679 shares of the investment management company’s stock worth $215,000 after purchasing an additional 2,074 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in shares of Virtus Global Dividend & Income Fund by 9.6% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 34,371 shares of the investment management company’s stock worth $189,000 after purchasing an additional 3,011 shares during the period. Blue Bell Private Wealth Management LLC raised its holdings in shares of Virtus Global Dividend & Income Fund by 40.3% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 11,180 shares of the investment management company’s stock worth $62,000 after purchasing an additional 3,213 shares during the period. SeaCrest Wealth Management LLC raised its holdings in shares of Virtus Global Dividend & Income Fund by 8.4% in the 1st quarter. SeaCrest Wealth Management LLC now owns 59,755 shares of the investment management company’s stock worth $333,000 after purchasing an additional 4,640 shares during the period. Finally, Eudaimonia Partners LLC raised its holdings in shares of Virtus Global Dividend & Income Fund by 20.0% in the 1st quarter. Eudaimonia Partners LLC now owns 42,000 shares of the investment management company’s stock worth $234,000 after purchasing an additional 7,000 shares during the period. Institutional investors own 47.14% of the company’s stock.

Virtus Global Dividend & Income Fund Trading Up 0.7 %

Virtus Global Dividend & Income Fund stock opened at $5.47 on Monday. Virtus Global Dividend & Income Fund Inc. has a 1-year low of $4.50 and a 1-year high of $6.27. The firm has a 50 day simple moving average of $5.41 and a 200 day simple moving average of $5.39.

Virtus Global Dividend & Income Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, July 30th. Investors of record on Thursday, July 11th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $0.60 dividend on an annualized basis and a yield of 10.97%.

Insider Activity at Virtus Global Dividend & Income Fund

In other Virtus Global Dividend & Income Fund news, CFO William Patrick Bradley III acquired 5,000 shares of Virtus Global Dividend & Income Fund stock in a transaction that occurred on Monday, May 20th. The stock was acquired at an average cost of $5.47 per share, for a total transaction of $27,350.00. Following the purchase, the chief financial officer now owns 9,043 shares of the company’s stock, valued at $49,465.21. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.65% of the stock is owned by company insiders.

Virtus Global Dividend & Income Fund Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Virtus Global Dividend & Income Fund (NYSE:ZTR)

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