Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.75 and traded as low as $11.98. Virtus Dividend, Interest & Premium Strategy Fund shares last traded at $12.12, with a volume of 221,322 shares.

Virtus Dividend, Interest & Premium Strategy Fund Stock Performance

The business’s 50 day moving average price is $12.62 and its 200 day moving average price is $12.75.

Virtus Dividend, Interest & Premium Strategy Fund Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 10.07%. The ex-dividend date of this dividend is Thursday, June 12th.

Hedge Funds Weigh In On Virtus Dividend, Interest & Premium Strategy Fund

Hedge funds have recently made changes to their positions in the company. Bessemer Group Inc. purchased a new stake in shares of Virtus Dividend, Interest & Premium Strategy Fund in the fourth quarter valued at about $26,000. Transce3nd LLC acquired a new position in Virtus Dividend, Interest & Premium Strategy Fund in the 4th quarter valued at about $55,000. Atria Wealth Solutions Inc. purchased a new stake in shares of Virtus Dividend, Interest & Premium Strategy Fund in the 4th quarter valued at approximately $149,000. Alteri Wealth LLC acquired a new stake in shares of Virtus Dividend, Interest & Premium Strategy Fund during the 4th quarter worth approximately $154,000. Finally, Private Advisor Group LLC raised its position in shares of Virtus Dividend, Interest & Premium Strategy Fund by 9.7% during the 4th quarter. Private Advisor Group LLC now owns 17,032 shares of the investment management company’s stock valued at $215,000 after buying an additional 1,510 shares during the period.

Virtus Dividend, Interest & Premium Strategy Fund Company Profile

AllianzGI NFJ Dividend, Interest & Premium Strategy Fund is a closed ended equity mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC and NFJ Investment Group LLC. It invests in public equity markets of the United States.