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

Raymond James Financial Inc. bought a new position in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 151,133 shares of the investment management company’s stock, valued at approximately $886,000.

A number of other large investors also recently modified their holdings of the stock. IFP Advisors Inc bought a new position in Virtus Global Dividend & Income Fund in the 4th quarter worth approximately $29,000. Walleye Capital LLC bought a new position in Virtus Global Dividend & Income Fund in the third quarter valued at about $137,000. Truist Financial Corp acquired a new stake in Virtus Global Dividend & Income Fund in the fourth quarter worth about $168,000. Park Avenue Securities LLC raised its holdings in Virtus Global Dividend & Income Fund by 2.0% during the 4th 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 during the last quarter. Finally, Stifel Financial Corp lifted its position in Virtus Global Dividend & Income Fund by 33.7% during the 3rd quarter. Stifel Financial Corp now owns 871,539 shares of the investment management company’s stock valued at $5,404,000 after purchasing an additional 219,609 shares during the period. 47.14% of the stock is currently owned by institutional investors and hedge funds.

Virtus Global Dividend & Income Fund Trading Down 6.0 %

Shares of NYSE:ZTR opened at $5.60 on Friday. The company has a 50 day moving average of $5.89 and a 200-day moving average of $5.96. Virtus Global Dividend & Income Fund Inc. has a one year low of $5.25 and a one year high of $6.26.

Virtus Global Dividend & Income Fund Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, April 11th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, April 11th.

Virtus Global Dividend & Income Fund Profile

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.