GWN Securities Inc. Makes New $200,000 Investment in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)

GWN Securities Inc. purchased a new position in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 33,366 shares of the investment management company’s stock, valued at approximately $200,000.

A number of other institutional investors also recently made changes to their positions in the business. Commonwealth Equity Services LLC raised its position in shares of Virtus Global Dividend & Income Fund by 4.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 50,758 shares of the investment management company’s stock valued at $297,000 after purchasing an additional 2,375 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Virtus Global Dividend & Income Fund by 2.0% in the 4th quarter. Park Avenue Securities LLC now owns 234,351 shares of the investment management company’s stock valued at $1,373,000 after purchasing an additional 4,602 shares in the last quarter. IFP Advisors Inc acquired a new position in shares of Virtus Global Dividend & Income Fund in the 4th quarter valued at approximately $29,000. HighTower Advisors LLC acquired a new position in shares of Virtus Global Dividend & Income Fund in the 4th quarter valued at approximately $60,000. Finally, Walleye Capital LLC acquired a new position in shares of Virtus Global Dividend & Income Fund in the 3rd quarter valued at approximately $137,000. 47.14% of the stock is owned by institutional investors and hedge funds.

Virtus Global Dividend & Income Fund Stock Down 0.1 %

Shares of ZTR opened at $5.91 on Wednesday. The business’s 50 day moving average is $5.88 and its two-hundred day moving average is $5.97. Virtus Global Dividend & Income Fund Inc. has a 52-week low of $5.25 and a 52-week high of $6.26.

Virtus Global Dividend & Income Fund Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, April 29th. Investors of record on Friday, April 11th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, April 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.