Virtus Global Multi-Sector Income Fund (NYSE:VGI) Trading 0.2% Higher – Still a Buy?

Virtus Global Multi-Sector Income Fund (NYSE:VGI) traded up 0.2% on Tuesday . The stock traded as high as $8.17 and last traded at $8.15. 21,456 shares were traded during mid-day trading, a decline of 46% from the average session volume of 39,715 shares. The stock had previously closed at $8.13.

Virtus Global Multi-Sector Income Fund Trading Up 0.2 %

The stock’s fifty day simple moving average is $7.92 and its 200-day simple moving average is $7.65.

Virtus Global Multi-Sector Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 11.78%. The ex-dividend date of this dividend is Tuesday, November 12th.

Hedge Funds Weigh In On Virtus Global Multi-Sector Income Fund

Several large investors have recently bought and sold shares of VGI. SeaCrest Wealth Management LLC grew its position in shares of Virtus Global Multi-Sector Income Fund by 5.4% in the 1st quarter. SeaCrest Wealth Management LLC now owns 39,626 shares of the company’s stock valued at $304,000 after buying an additional 2,019 shares during the last quarter. Wolverine Asset Management LLC grew its holdings in shares of Virtus Global Multi-Sector Income Fund by 7.5% during 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. International Assets Investment Management LLC purchased a new position in shares of Virtus Global Multi-Sector Income Fund during the second quarter worth about $47,000. Matisse Capital increased its position in shares of Virtus Global Multi-Sector Income Fund by 13.5% during 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 in the last quarter. Finally, Raymond James & Associates lifted its holdings in shares of Virtus Global Multi-Sector Income Fund by 9.4% in the 2nd quarter. Raymond James & Associates now owns 180,120 shares of the company’s stock valued at $1,364,000 after purchasing an additional 15,463 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.