Virtus Total Return Fund (NYSE:ZTR) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Virtus Total Return Fund Inc. (NYSE:ZTR)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $6.34 and traded as high as $6.42. Virtus Total Return Fund shares last traded at $6.3950, with a volume of 191,525 shares trading hands.

Virtus Total Return Fund Trading Up 0.4%

The business has a 50-day moving average of $6.34 and a 200-day moving average of $6.35.

Virtus Total Return Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 12th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, February 12th. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%.

Hedge Funds Weigh In On Virtus Total Return Fund

Large investors have recently made changes to their positions in the stock. CWM LLC increased its holdings in Virtus Total Return Fund by 854.9% in the 4th quarter. CWM LLC now owns 7,582 shares of the investment management company’s stock valued at $48,000 after purchasing an additional 6,788 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of Virtus Total Return Fund by 18.6% during the second quarter. Concurrent Investment Advisors LLC now owns 12,092 shares of the investment management company’s stock worth $75,000 after buying an additional 1,900 shares during the period. Wedbush Securities Inc. acquired a new stake in shares of Virtus Total Return Fund in the second quarter valued at $107,000. Tactive Advisors LLC acquired a new stake in shares of Virtus Total Return Fund in the second quarter valued at $131,000. Finally, Integrated Capital Management Inc. raised its holdings in shares of Virtus Total Return Fund by 9.3% in the 4th quarter. Integrated Capital Management Inc. now owns 43,477 shares of the investment management company’s stock valued at $274,000 after buying an additional 3,684 shares during the period. 47.14% of the stock is currently owned by institutional investors and hedge funds.

Virtus Total Return Fund Company Profile

Virtus Total Return Fund, Inc (NYSE: ZTR) is a closed-end management investment company that seeks to provide investors with high total return with moderate income. The fund, which began operations in 2005, trades on the New York Stock Exchange and is sponsored by Virtus Investment Partners. ZTR offers investors access to a diversified mix of fixed-income and equity opportunities within a single vehicle.

To pursue its stated objective, the fund typically allocates across a broad range of asset classes, including corporate debt securities, high-yield bonds, convertible securities, preferred stocks, common stocks and real estate investment trusts (REITs).