Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.78 and traded as low as $12.15. Virtus Dividend, Interest & Premium Strategy Fund shares last traded at $12.22, with a volume of 187,867 shares trading hands.

Virtus Dividend, Interest & Premium Strategy Fund Stock Down 0.3 %

The firm’s 50 day moving average price is $12.69 and its two-hundred day moving average price is $12.78.

Virtus Dividend, Interest & Premium Strategy Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Thursday, June 12th will be issued a $0.305 dividend. The ex-dividend date is Thursday, June 12th. This represents a $1.22 annualized dividend and a yield of 10.01%.

Institutional Trading of Virtus Dividend, Interest & Premium Strategy Fund

Several institutional investors have recently added to or reduced their stakes in NFJ. Thrivent Financial for Lutherans boosted its stake in shares of Virtus Dividend, Interest & Premium Strategy Fund by 5.5% in the third quarter. Thrivent Financial for Lutherans now owns 217,110 shares of the investment management company’s stock valued at $2,832,000 after purchasing an additional 11,342 shares during the period. Larson Financial Group LLC increased its holdings in shares of Virtus Dividend, Interest & Premium Strategy Fund by 233.3% in the 3rd quarter. Larson Financial Group LLC now owns 4,000 shares of the investment management company’s stock valued at $52,000 after acquiring an additional 2,800 shares during the last quarter. Capstone Investment Advisors LLC acquired a new stake in Virtus Dividend, Interest & Premium Strategy Fund during the third quarter worth approximately $3,079,000. Benjamin Edwards Inc. acquired a new stake in Virtus Dividend, Interest & Premium Strategy Fund during the 3rd quarter worth $1,436,000. Finally, Stifel Financial Corp boosted its position in shares of Virtus Dividend, Interest & Premium Strategy Fund by 0.8% in the 3rd quarter. Stifel Financial Corp now owns 1,059,885 shares of the investment management company’s stock valued at $13,821,000 after purchasing an additional 8,317 shares during the period.

Virtus Dividend, Interest & Premium Strategy Fund Company Profile

AllianzGI NFJ Dividend, Interest & Premium Strategy Fund is a closed ended equity mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC and NFJ Investment Group LLC. It invests in public equity markets of the United States.