Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) Shares Acquired by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lifted its position in shares of Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) by 9.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,371 shares of the investment management company’s stock after buying an additional 3,011 shares during the period. B. Riley Wealth Advisors Inc. owned approximately 0.07% of Virtus Global Dividend & Income Fund worth $189,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Integrated Capital Management Inc. increased its holdings in shares of Virtus Global Dividend & Income Fund by 6.3% during the 4th quarter. Integrated Capital Management Inc. now owns 36,605 shares of the investment management company’s stock worth $202,000 after buying an additional 2,154 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in shares of Virtus Global Dividend & Income Fund by 40.3% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 11,180 shares of the investment management company’s stock worth $62,000 after buying an additional 3,213 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Virtus Global Dividend & Income Fund by 6.8% during the 4th quarter. Private Advisor Group LLC now owns 257,980 shares of the investment management company’s stock worth $1,421,000 after buying an additional 16,438 shares during the last quarter. Quarry LP increased its holdings in shares of Virtus Global Dividend & Income Fund by 9.2% during the 4th quarter. Quarry LP now owns 292,425 shares of the investment management company’s stock worth $1,611,000 after buying an additional 24,540 shares during the last quarter. Finally, Wolverine Asset Management LLC increased its holdings in Virtus Global Dividend & Income Fund by 37.5% in the 4th quarter. Wolverine Asset Management LLC now owns 98,677 shares of the investment management company’s stock valued at $544,000 after purchasing an additional 26,886 shares in the last quarter. 47.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Virtus Global Dividend & Income Fund

In related news, CFO William Patrick Bradley III acquired 5,000 shares of the business’s stock in a transaction on Monday, May 20th. The shares were bought at an average cost of $5.47 per share, with a total value of $27,350.00. Following the completion of the transaction, the chief financial officer now directly owns 9,043 shares of the company’s stock, valued at approximately $49,465.21. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.65% of the stock is currently owned by corporate insiders.

Virtus Global Dividend & Income Fund Price Performance

NYSE:ZTR opened at $5.46 on Friday. The business’s 50-day moving average is $5.41 and its two-hundred day moving average is $5.39. Virtus Global Dividend & Income Fund Inc. has a 12 month low of $4.50 and a 12 month high of $6.27.

Virtus Global Dividend & Income Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 30th. Shareholders of record on Thursday, July 11th will be given a $0.05 dividend. This represents a $0.60 annualized dividend and a yield of 11.00%. The ex-dividend date of this dividend 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.