Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) Shares Purchased by Flow State Investments L.P.

Flow State Investments L.P. boosted its holdings in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) by 336.3% in the fourth quarter, HoldingsChannel reports. The firm owned 232,684 shares of the investment management company’s stock after purchasing an additional 179,355 shares during the period. Flow State Investments L.P.’s holdings in Virtus Global Dividend & Income Fund were worth $1,282,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Blue Bell Private Wealth Management LLC boosted its stake in Virtus Global Dividend & Income Fund by 40.3% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 11,180 shares of the investment management company’s stock valued at $62,000 after acquiring an additional 3,213 shares during the period. Saba Capital Management L.P. acquired a new stake in Virtus Global Dividend & Income Fund during the 3rd quarter worth about $64,000. Gridiron Partners LLC acquired a new position in Virtus Global Dividend & Income Fund in the 4th quarter worth about $156,000. B. Riley Wealth Advisors Inc. increased its stake in shares of Virtus Global Dividend & Income Fund by 22.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 31,360 shares of the investment management company’s stock worth $151,000 after purchasing an additional 5,688 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Virtus Global Dividend & Income Fund by 1,380.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 33,750 shares of the investment management company’s stock valued at $162,000 after acquiring an additional 31,470 shares in the last quarter. 47.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Virtus Global Dividend & Income Fund

In other Virtus Global Dividend & Income Fund news, CFO William Patrick Bradley III acquired 5,000 shares of Virtus Global Dividend & Income Fund stock in a transaction on Monday, May 20th. The shares were bought at an average price of $5.47 per share, with a total value of $27,350.00. Following the completion of the purchase, the chief financial officer now owns 9,043 shares in the company, valued at $49,465.21. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 5.65% of the stock is currently owned by insiders.

Virtus Global Dividend & Income Fund Price Performance

Virtus Global Dividend & Income Fund stock traded down $0.04 during mid-day trading on Thursday, reaching $5.41. The company had a trading volume of 126,092 shares, compared to its average volume of 265,582. Virtus Global Dividend & Income Fund Inc. has a 52 week low of $4.50 and a 52 week high of $6.27. The company has a 50 day moving average of $5.41 and a 200-day moving average of $5.40.

Virtus Global Dividend & Income Fund Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, July 30th. Investors of record on Thursday, July 11th will be paid a $0.05 dividend. The ex-dividend date is Thursday, July 11th.

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.