Virtus Global Dividend & Income Fund (NYSE:ZTR) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.89 and traded as low as $5.80. Virtus Global Dividend & Income Fund shares last traded at $5.81, with a volume of 185,525 shares.

Virtus Global Dividend & Income Fund Stock Performance

The company has a fifty day moving average price of $5.98 and a 200-day moving average price of $5.89.

Virtus Global Dividend & Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, March 28th. Shareholders of record on Thursday, March 13th will be paid a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 10.33%. The ex-dividend date of this dividend is Thursday, March 13th.

Institutional Investors Weigh In On Virtus Global Dividend & Income Fund

A number of large investors have recently bought and sold shares of ZTR. Penserra Capital Management LLC acquired a new stake in shares of Virtus Global Dividend & Income Fund in the third quarter worth about $10,857,000. Stifel Financial Corp raised its stake in shares of Virtus Global Dividend & Income Fund by 33.7% in the 3rd quarter. Stifel Financial Corp now owns 871,539 shares of the investment management company’s stock valued at $5,404,000 after acquiring an additional 219,609 shares in the last quarter. Landscape Capital Management L.L.C. lifted its holdings in Virtus Global Dividend & Income Fund by 25.7% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 587,035 shares of the investment management company’s stock worth $3,640,000 after purchasing an additional 120,063 shares during the last quarter. Sculptor Capital LP acquired a new stake in Virtus Global Dividend & Income Fund in the 2nd quarter worth approximately $2,482,000. Finally, Capstone Investment Advisors LLC bought a new stake in Virtus Global Dividend & Income Fund during the third quarter worth approximately $2,774,000. 47.14% of the stock is currently owned by institutional investors.

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.