Stephens Inc. AR Has $761,000 Position in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)

Stephens Inc. AR lessened its position in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,904 shares of the investment management company’s stock after selling 4,103 shares during the period. Stephens Inc. AR’s holdings in Virtus Global Dividend & Income Fund were worth $761,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ZTR. Walleye Capital LLC acquired a new position in Virtus Global Dividend & Income Fund in the 3rd quarter worth about $137,000. Wolverine Asset Management LLC acquired a new stake in shares of Virtus Global Dividend & Income Fund in the third quarter valued at about $170,000. Shaker Financial Services LLC increased its stake in shares of Virtus Global Dividend & Income Fund by 55.5% in the third quarter. Shaker Financial Services LLC now owns 181,877 shares of the investment management company’s stock valued at $1,128,000 after buying an additional 64,894 shares during the period. Quarry LP increased its stake in shares of Virtus Global Dividend & Income Fund by 47.1% in the third quarter. Quarry LP now owns 208,913 shares of the investment management company’s stock valued at $1,295,000 after buying an additional 66,887 shares during the period. Finally, Park Avenue Securities LLC increased its stake in shares of Virtus Global Dividend & Income Fund by 2.0% in the fourth quarter. Park Avenue Securities LLC now owns 234,351 shares of the investment management company’s stock valued at $1,373,000 after buying an additional 4,602 shares during the period. Institutional investors and hedge funds own 47.14% of the company’s stock.

Virtus Global Dividend & Income Fund Price Performance

Shares of ZTR stock opened at $5.88 on Friday. The stock has a 50-day moving average of $5.93 and a 200-day moving average of $5.96. Virtus Global Dividend & Income Fund Inc. has a 1-year low of $5.14 and a 1-year high of $6.26.

Virtus Global Dividend & Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, March 13th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.60 annualized dividend and a dividend yield of 10.21%.

About Virtus Global Dividend & Income Fund

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.