Virtus Global Dividend & Income Fund (NYSE:ZTR) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.97 and traded as low as $5.85. Virtus Global Dividend & Income Fund shares last traded at $5.91, with a volume of 215,037 shares.

Virtus Global Dividend & Income Fund Stock Up 0.3 %

The firm has a fifty day moving average of $5.88 and a two-hundred day moving average of $5.97.

Virtus Global Dividend & Income Fund Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, April 11th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ZTR. IFP Advisors Inc purchased a new position in shares of Virtus Global Dividend & Income Fund during the fourth quarter worth about $29,000. HighTower Advisors LLC bought a new stake in Virtus Global Dividend & Income Fund in the fourth quarter valued at approximately $60,000. Jane Street Group LLC bought a new stake in Virtus Global Dividend & Income Fund in the fourth quarter valued at approximately $76,000. Alpine Global Management LLC bought a new stake in Virtus Global Dividend & Income Fund in the fourth quarter valued at approximately $79,000. Finally, CF Capital LLC bought a new stake in Virtus Global Dividend & Income Fund in the fourth quarter valued at approximately $94,000. Hedge funds and other institutional investors own 47.14% of the company’s stock.

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.