Truist Financial Corp Makes New Investment in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR)

Truist Financial Corp bought a new position in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 28,602 shares of the investment management company’s stock, valued at approximately $168,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Absolute Investment Advisers LLC bought a new stake in Virtus Global Dividend & Income Fund in the fourth quarter worth approximately $9,355,000. Park Avenue Securities LLC increased its holdings in Virtus Global Dividend & Income Fund by 2.0% in the fourth quarter. Park Avenue Securities LLC now owns 234,351 shares of the investment management company’s stock worth $1,373,000 after purchasing an additional 4,602 shares in the last quarter. Stifel Financial Corp increased its holdings in Virtus Global Dividend & Income Fund by 33.7% in the third quarter. Stifel Financial Corp now owns 871,539 shares of the investment management company’s stock worth $5,404,000 after purchasing an additional 219,609 shares in the last quarter. Quarry LP increased its holdings in Virtus Global Dividend & Income Fund by 47.1% in the third quarter. Quarry LP now owns 208,913 shares of the investment management company’s stock worth $1,295,000 after purchasing an additional 66,887 shares in the last quarter. Finally, Capstone Investment Advisors LLC bought a new stake in Virtus Global Dividend & Income Fund in the third quarter worth approximately $2,774,000. 47.14% of the stock is currently owned by institutional investors.

Virtus Global Dividend & Income Fund Trading Down 1.4 %

Shares of ZTR stock opened at $5.80 on Friday. Virtus Global Dividend & Income Fund Inc. has a fifty-two week low of $5.25 and a fifty-two week high of $6.26. The stock has a 50 day simple moving average of $5.89 and a two-hundred day simple moving average of $5.97.

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.