Virtus Global Multi-Sector Income Fund (NYSE:VGI) Stock Price Up 0.5% – What’s Next?

Shares of Virtus Global Multi-Sector Income Fund (NYSE:VGI) rose 0.5% during mid-day trading on Friday . The stock traded as high as $8.02 and last traded at $8.02. Approximately 30,724 shares were traded during trading, a decline of 22% from the average daily volume of 39,145 shares. The stock had previously closed at $7.98.

Virtus Global Multi-Sector Income Fund Trading Up 0.5 %

The company’s 50-day simple moving average is $8.02 and its 200-day simple moving average is $7.71.

Virtus Global Multi-Sector Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th will be given a $0.08 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.97%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Raymond James & Associates grew its stake in shares of Virtus Global Multi-Sector Income Fund by 9.4% during the second quarter. Raymond James & Associates now owns 180,120 shares of the company’s stock worth $1,364,000 after buying an additional 15,463 shares during the last quarter. CoreCap Advisors LLC bought a new stake in shares of Virtus Global Multi-Sector Income Fund in the second quarter worth $823,000. Fiera Capital Corp grew its stake in shares of Virtus Global Multi-Sector Income Fund by 10.3% in the third quarter. Fiera Capital Corp now owns 99,661 shares of the company’s stock worth $807,000 after purchasing an additional 9,310 shares during the last quarter. Matisse Capital grew its stake in shares of Virtus Global Multi-Sector Income Fund by 13.5% in the second quarter. Matisse Capital now owns 77,022 shares of the company’s stock worth $583,000 after purchasing an additional 9,140 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its stake in shares of Virtus Global Multi-Sector Income Fund by 7.5% in the second quarter. Wolverine Asset Management LLC now owns 57,914 shares of the company’s stock worth $438,000 after purchasing an additional 4,039 shares during the last quarter.

About Virtus Global Multi-Sector Income Fund

Virtus Global Multi-Sector Income Fund is a closed ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is co-managed by Virtus Investment Advisers, Inc and Newfleet Asset Management, LLC. It invests in fixed income markets across the globe. The fund invests in both investment grade and high yield debt instruments issued by the government, corporate, bank loans, mortgage-backed securities, asset-backed securities, taxable municipal bonds, and tax-exempt municipal bonds.