Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Stock Crosses Above 50 Day Moving Average of $12.24

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $12.24 and traded as high as $12.41. Virtus Dividend, Interest & Premium Strategy Fund shares last traded at $12.28, with a volume of 173,957 shares trading hands.

Virtus Dividend, Interest & Premium Strategy Fund Price Performance

The company has a 50-day moving average price of $12.24 and a two-hundred day moving average price of $12.31.

Virtus Dividend, Interest & Premium Strategy Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 9.12%. The ex-dividend date of this dividend was Thursday, June 13th.

Hedge Funds Weigh In On Virtus Dividend, Interest & Premium Strategy Fund

Institutional investors have recently added to or reduced their stakes in the business. American National Bank increased its stake in Virtus Dividend, Interest & Premium Strategy Fund by 422.0% in the 4th quarter. American National Bank now owns 1,989 shares of the investment management company’s stock worth $25,000 after acquiring an additional 1,608 shares during the last quarter. Accordant Advisory Group Inc bought a new position in Virtus Dividend, Interest & Premium Strategy Fund in the 1st quarter worth about $33,000. Sunbelt Securities Inc. increased its stake in Virtus Dividend, Interest & Premium Strategy Fund by 230.3% in the 1st quarter. Sunbelt Securities Inc. now owns 3,963 shares of the investment management company’s stock worth $51,000 after acquiring an additional 2,763 shares during the last quarter. Stonebridge Capital Advisors LLC bought a new position in Virtus Dividend, Interest & Premium Strategy Fund in the 3rd quarter worth about $57,000. Finally, Berry Wealth Group LP bought a new position in Virtus Dividend, Interest & Premium Strategy Fund in the 1st quarter worth about $130,000.

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.