SeaCrest Wealth Management LLC Acquires 4,640 Shares of Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)

SeaCrest Wealth Management LLC lifted its position in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) by 8.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,755 shares of the investment management company’s stock after acquiring an additional 4,640 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Virtus Global Dividend & Income Fund were worth $333,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ZTR. Karpus Management Inc. grew its stake in shares of Virtus Global Dividend & Income Fund by 180.6% in the 4th quarter. Karpus Management Inc. now owns 2,353,707 shares of the investment management company’s stock worth $12,969,000 after acquiring an additional 1,515,022 shares in the last quarter. Stifel Financial Corp grew its stake in shares of Virtus Global Dividend & Income Fund by 1,432.1% in the 3rd quarter. Stifel Financial Corp now owns 611,289 shares of the investment management company’s stock worth $2,934,000 after acquiring an additional 571,391 shares in the last quarter. Bulldog Investors LLP grew its stake in shares of Virtus Global Dividend & Income Fund by 145.3% in the 4th quarter. Bulldog Investors LLP now owns 957,960 shares of the investment management company’s stock worth $5,248,000 after acquiring an additional 567,422 shares in the last quarter. Alpine Global Management LLC grew its stake in shares of Virtus Global Dividend & Income Fund by 1,194.1% in the 3rd quarter. Alpine Global Management LLC now owns 338,222 shares of the investment management company’s stock worth $1,623,000 after acquiring an additional 312,086 shares in the last quarter. Finally, Flow State Investments L.P. grew its stake in shares of Virtus Global Dividend & Income Fund by 336.3% in the 4th quarter. Flow State Investments L.P. now owns 232,684 shares of the investment management company’s stock worth $1,282,000 after acquiring an additional 179,355 shares in the last quarter. Institutional investors own 47.14% of the company’s stock.

Insider Activity at Virtus Global Dividend & Income Fund

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

Virtus Global Dividend & Income Fund Trading Up 0.6 %

NYSE ZTR opened at $5.44 on Thursday. The company has a fifty day moving average price of $5.41 and a 200-day moving average price of $5.39. Virtus Global Dividend & Income Fund Inc. has a 1 year low of $4.50 and a 1 year high of $6.27.

Virtus Global Dividend & Income Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, July 30th. Investors of record on Thursday, July 11th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $0.60 annualized dividend and a yield of 11.04%.

About Virtus Global Dividend & Income Fund

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.