Envestnet Asset Management Inc. Sells 2,365 Shares of Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)

Envestnet Asset Management Inc. cut its position in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) by 0.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 251,759 shares of the investment management company’s stock after selling 2,365 shares during the period. Envestnet Asset Management Inc.’s holdings in Virtus Global Dividend & Income Fund were worth $1,475,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc purchased a new stake in shares of Virtus Global Dividend & Income Fund during the 4th quarter valued at about $29,000. HighTower Advisors LLC purchased a new stake in Virtus Global Dividend & Income Fund in the fourth quarter worth approximately $60,000. Truist Financial Corp purchased a new stake in Virtus Global Dividend & Income Fund in the fourth quarter worth approximately $168,000. GWN Securities Inc. bought a new stake in Virtus Global Dividend & Income Fund in the 4th quarter worth approximately $200,000. Finally, Arete Wealth Advisors LLC raised its stake in Virtus Global Dividend & Income Fund by 12.4% during the 4th quarter. Arete Wealth Advisors LLC now owns 41,304 shares of the investment management company’s stock valued at $242,000 after buying an additional 4,565 shares during the last quarter. Institutional investors own 47.14% of the company’s stock.

Virtus Global Dividend & Income Fund Stock Performance

ZTR stock opened at $6.04 on Wednesday. Virtus Global Dividend & Income Fund Inc. has a 1 year low of $5.22 and a 1 year high of $6.26. The stock’s fifty day moving average price is $5.82 and its 200-day moving average price is $5.91.

Virtus Global Dividend & Income Fund Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 29th. Shareholders of record on Friday, April 11th were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, April 11th.

Virtus Global Dividend & Income Fund 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.