Virtus Total Return Fund Inc. (NYSE:ZTR) Shares Sold by LPL Financial LLC

LPL Financial LLC cut its stake in shares of Virtus Total Return Fund Inc. (NYSE:ZTR) by 7.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,027,362 shares of the investment management company’s stock after selling 86,036 shares during the quarter. LPL Financial LLC owned approximately 1.85% of Virtus Total Return Fund worth $6,133,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Integrated Capital Management Inc. grew its holdings in shares of Virtus Total Return Fund by 12.5% during the first quarter. Integrated Capital Management Inc. now owns 45,003 shares of the investment management company’s stock valued at $269,000 after purchasing an additional 5,013 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Virtus Total Return Fund by 2.8% during the first quarter. Envestnet Asset Management Inc. now owns 258,888 shares of the investment management company’s stock valued at $1,546,000 after purchasing an additional 7,129 shares during the last quarter. Concurrent Investment Advisors LLC bought a new position in shares of Virtus Total Return Fund during the first quarter valued at approximately $61,000. Jane Street Group LLC bought a new position in shares of Virtus Total Return Fund during the fourth quarter valued at approximately $76,000. Finally, Alpine Global Management LLC bought a new position in shares of Virtus Total Return Fund during the fourth quarter valued at approximately $79,000. 47.14% of the stock is owned by institutional investors.

Virtus Total Return Fund Stock Down 1.0%

NYSE:ZTR opened at $6.24 on Tuesday. The stock has a 50 day moving average of $6.17 and a 200-day moving average of $6.00. Virtus Total Return Fund Inc. has a 52 week low of $5.22 and a 52 week high of $6.32.

Virtus Total Return Fund Announces Dividend

The firm also recently disclosed a jul 25 dividend, which was paid on Wednesday, July 30th. Stockholders of record on Friday, July 11th were given a dividend of $0.05 per share. The ex-dividend date was Friday, July 11th. This represents a dividend yield of 980.0%.

Virtus Total Return Fund Company 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.