16,250 Shares in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) Purchased by Mariner LLC

Mariner LLC acquired a new stake in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 16,250 shares of the investment management company’s stock, valued at approximately $95,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Park Avenue Securities LLC grew its position in Virtus Global Dividend & Income Fund by 2.0% during the fourth quarter. Park Avenue Securities LLC now owns 234,351 shares of the investment management company’s stock worth $1,373,000 after buying an additional 4,602 shares in the last quarter. Absolute Investment Advisers LLC bought a new stake in shares of Virtus Global Dividend & Income Fund during the 4th quarter valued at $9,355,000. Truist Financial Corp acquired a new stake in shares of Virtus Global Dividend & Income Fund during the 4th quarter worth $168,000. IFP Advisors Inc bought a new position in shares of Virtus Global Dividend & Income Fund in the fourth quarter worth $29,000. Finally, Raymond James Financial Inc. acquired a new position in Virtus Global Dividend & Income Fund in the fourth quarter valued at about $886,000. Institutional investors and hedge funds own 47.14% of the company’s stock.

Virtus Global Dividend & Income Fund Trading Down 0.9 %

Shares of Virtus Global Dividend & Income Fund stock opened at $6.06 on Friday. Virtus Global Dividend & Income Fund Inc. has a 12-month low of $5.22 and a 12-month high of $6.26. The firm’s 50-day moving average price is $5.86 and its two-hundred day moving average price is $5.92.

Virtus Global Dividend & Income Fund Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, May 29th. Shareholders of record on Tuesday, May 13th will be paid a dividend of $0.05 per share. This represents a yield of 9.85%. The ex-dividend date of this dividend is Monday, May 12th.

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.